Raising deposit before I move

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    Raising deposit before I move

    I am in the process of moving house, we have found the house we want, and told our present landlord we are moving in 4 weeks. We discussed with the new landlord the rent of £600 a month and 1 months rent as deposit £600. This was all OK for a couple of weeks, then suddenly he texts me to say he now wants £700 as "he has had problems with the current tenant," I have no ideas what problems, as the house was perfect when we viewed it and he even said he'd had no problems with the tenants all year.

    Can he just increase the deposit like that? It really makes things hard, I will have to find an extra £100 which I needed to buy a washing machine. and I do really want the house. There was no written agreement yet, he was in the process of sending out our contracts. I mean how do I know in a couple more weeks he wont decide he wants £1000?? and then I will find myself homeless?

    #2
    Problem: as you do not yet have a contract with L2, either party can change the deal or even not proceed.
    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
    4. *- Contact info: click on my name (blue-highlight link).

    Comment


      #3
      Originally posted by angryt View Post
      I am in the process of moving house, we have found the house we want, and told our present landlord we are moving in 4 weeks. We discussed with the new landlord the rent of £600 a month and 1 months rent as deposit £600. This was all OK for a couple of weeks, then suddenly he texts me to say he now wants £700 as "he has had problems with the current tenant," I have no ideas what problems, as the house was perfect when we viewed it and he even said he'd had no problems with the tenants all year.

      Can he just increase the deposit like that? It really makes things hard, I will have to find an extra £100 which I needed to buy a washing machine. and I do really want the house. There was no written agreement yet, he was in the process of sending out our contracts. I mean how do I know in a couple more weeks he wont decide he wants £1000?? and then I will find myself homeless?
      Unless the property is such brilliant value that you just can't afford to pass it up, I would call his bluff and tell him that you are happy to stick to the deposit originally agreed otherwise you will look elsewhere. It will cost him £150 for each week extra it takes him to find a new T so he'd be mad not to agree.

      If he doesn't agree to honour the original arrangement, do you really want a LL who messes you about like this?
      'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

      Comment


        #4
        problem is mind the gap, that I actually REALLY love the place, and it is worth more than the rent and he probably knows it. I have been looking for a place for 5 months, it took me that long to find a place I loved. So I suppose i will have to cough up and pay the extra £100. But your right, I am worrying he may bt the type of LL to mess me around, I am looking for a long term move, not short term.

        Fingers crossed then eh?

        Comment


          #5
          It's not really too different from where P:
          a. sees goods (in shop window) for sale at £600;
          b. visits shop a couple of weeks later; and
          c. finds that the price is now £700.

          You have to decide if you want to pay the extra or 'buy'/rent elsewhere. 'V'/L is not bound by the originally-quoted 'price'/deposit figure.
          JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
          1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
          2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
          3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
          4. *- Contact info: click on my name (blue-highlight link).

          Comment


            #6
            Originally posted by jeffrey View Post
            It's not really too different from where P:
            a. sees goods (in shop window) for sale at £600;
            b. visits shop a couple of weeks later; and
            c. finds that the price is now £700.

            You have to decide if you want to pay the extra or 'buy'/rent elsewhere. 'V'/L is not bound by the originally-quoted 'price'/deposit figure.
            Not legally bound, no. But I would be wary of a LL who changed the terms like that.

            On the other hand, it's not as though he's increasing the rent, just the deposit. If you are a good T you will get it all back anyway, however much you hand over.

            I think there are places which will rent you a washing machine on a weekly basis, if you can't afford one outright.
            'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

            Comment


              #7
              I don't get the logic in increasing the deposit by £100. If he was upping it to 6 weeks rent I might understand it.



              Freedom at the point of zero............

              Comment


                #8
                Originally posted by Interlaken View Post
                I don't get the logic in increasing the deposit by £100. If he was upping it to 6 weeks rent I might understand it.
                He's obviously just lost on the horses.
                'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

                Comment


                  #9
                  The original deposit was the same as one month's rent. It's likely that he's taking the sensible decision to ensure that the deposit is more than one month's rent to stop tenants not paying their last month's rent and saying "take it out of my deposit" which, of course, leaves nothing left for damages.

                  That could well be the "problem" with the previous tenants he referred to. If so, he's probably being somewhat reasonable as many landlords make their deposits equiv to 6 weeks rent minimum.

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