New Tenant - Offers to pay 7 days rent to secure the Prop but cannot sign C for14 day

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    New Tenant - Offers to pay 7 days rent to secure the Prop but cannot sign C for14 day

    I am a little concerned,

    New tennant wants the property but cannot move in for another 14 days, He has offered to pay 7 days advanced rent on a non-signed monthly AST to secure the property.

    Due to the tenants having to rush off to catch a flight to the other side the country. We have exchanged signatures on a holding deposit receipt via scanned and email copy. The holding deposit receipt clearly states,

    The rental amount in advance,
    The administration fee
    The holding deposit terms, of 14 days that will be credited to the 1st months rent.
    - No mention of the 7 days advanced rent

    1. They have sent a copy of their bank statements to my address via registered post.
    2. There credit references have come back OK
    3. There is an admin fee - not paid
    4. and the Deposit - not paid.
    5. Month in advance - not paid - bearing in mind the credit on the holding deposit.
    6. The exta weeks rental that was offered to clinch the deal - Not paid

    He did inform me that he has instructed his bank to pay the holding deposit which took 4 business days to arrive in my bank account which I duly receipted him via email.

    My concern is...

    7. Where do I record and receipt No 6 above
    8. How can a tennant pay for a weeks rent without having signed an AST or moved in.
    9. Can it invalidate the AST.
    10. Is it simple matter of raising a new receipt describing what the transaction is for?

    Thanks in advance,
    Madasafish

    #2
    I have read your post several times and am still unsure what the problem is. (It sounds as though some of the work is being done by a letting agent. What, exactly?)

    However, on the basis of the somewhat confusing account you have provided, I think the answers to your q7-10 are :
    7. You don't, because they haven't paid it yet
    8. It's called 'rent in advance' and is perfectly normal
    9.No
    10. Probably.

    I must say you seem to enjoy making life difficult for yourself.
    '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


      #3
      Thank-you mindthegap,

      However, on the basis of the somewhat confusing account you have provided, I think the answers to your q7-10 are :
      7. You don't, because they haven't paid it yet
      8. It's called 'rent in advance' and is perfectly normal
      9.No
      10. Probably.
      My apologies if it sounds confusing but I have never taken a rental payment that is already spent 'before' the contracts are exchanged.

      8) If I receipt it as "Rent in Advance" implies to me the T could make a claim on this at the end of the tennancy.
      9) I am very pleased to hear it but I do want to make sure.

      Comment

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