Letting Agents money up-front?

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Letting Agents money up-front?

    Can anyone advise me as i am a little concerned! I recently viewed a nice property as i currently have to leave my existing rented home due to landlords returning home from a MOD posting.

    I offered the full asking price and was requested to pay one month rental up-front (£695) before they would even carry out credit checks, etc. Even though they did say that the money would be refunded if my checks were not satisfactory (minus the credit referencing costs).

    Is this acceptable? I think not but i have foolishly agreed due to the fact that i like this house and i dont want to end up homeless in the near future (now less than 2 months)

    Any advise would be much appreciated.

  • #2
    As they have assured you that your advance rent will be refunded if they decide that you cannot be accepted as a tenant then this is fair. Are they charging you as well for the credit check itself? Most agencies do.

    P.P.
    Any information given in this post is based on my personal experience as a landlord, what I have learned from this and other boards and elsewhere. It is not to be relied on. Definitive advice is only available from a Solicitor or other appropriately qualified person.

    Comment

    Latest Activity

    Collapse

    • Claiming for protected deposit
      mandm
      This is an interesting one, got me into a spin.
      Tenants signed AST but decided to leave after 6 months and 3 days (problem with moving) using the break clause in the AST. I protected the deposit using DPS (Insured) and returned the deposit minus deductions when the moved out.
      I served the...
      21-07-2017, 08:00 AM
    • Reply to Claiming for protected deposit
      mariner
      It was the situation predicted by some Judges et al when it was first proposed that the full Penalty would be awarded to the T and not the Exchequer.
      22-07-2017, 01:16 AM
    • Reply to Claiming for protected deposit
      JK0
      I agree. It's almost at the level of scandal as the people claiming cash by pretending they were ill on holiday. In that case, the Spanish Hotels have told tour operators they won't be doing all inclusive holidays any more.

      Therefore, I suggest landlords take a page out of their book, and...
      21-07-2017, 22:22 PM
    • Reply to Claiming for protected deposit
      mandm
      Letter sent with the evidence attached.
      Slightly off topic, it seems there this deposit protection appears to have gathered conflicting views.
      I would have thought that the purpose of the legislation was the protection of T's money, which most law-abiding landlords do but it seems that its...
      21-07-2017, 21:20 PM
    • Landlord threatening to sue after end of tenancy
      Pickle135
      Our tenancy has just ended. We have cleaned the property from top to bottom using professional cleaners to do this and clean the carpets. He suggested this hadn't been done and wanted the name of our contractor to check which we gave him. The contractor assured him that after eight years the carpets...
      08-03-2017, 00:45 AM
    • Reply to Landlord threatening to sue after end of tenancy
      Pickle135
      Woohoo!

      Our adjudication has just come through and the landlord has been given a token payment with the majority of our large deposit being returned to us. He was told that he had not submitted appropriate evidence for the misuse of the property and that things he was saying were wrong...
      21-07-2017, 20:49 PM
    • Deposit at the end of AST. Also, quiet enjoyment.
      scooter08
      Q1 – Where is the rented property located (England / Wales / Scotland / N Ireland)?
      England

      Q2 – What type of Tenancy Agreement (TA) is this e.g. sole tenant / multiple tenant / room only?
      AST

      Q3 – What date did current TA start dd/mm/yy?
      12/04/2015
      ...
      21-07-2017, 15:06 PM
    • Reply to Deposit at the end of AST. Also, quiet enjoyment.
      scooter08
      Thanks for the reply jp....
      21-07-2017, 18:32 PM
    • Reply to Deposit at the end of AST. Also, quiet enjoyment.
      jpkeates
      Makes sense - if the tenancy agreement doesn't say you have to let him and a surveyor in, his only right of access is with 24 hours written notice for the purpose of viewing the "condition and state of repair" of the property.

      So you can simply decline or make your point.
      ...
      21-07-2017, 18:23 PM
    • Reply to Deposit at the end of AST. Also, quiet enjoyment.
      scooter08
      I'm not trying to claim for breach of quiet enjoyment. He wants to be in again with a surveyor to use his property as security for something. I am going to let him I just want to remind him and have all the facts. Sorry if I didn't explain it right.

      Only claiming for the non protection...
      21-07-2017, 18:08 PM
    Working...
    X