Reservation Fee or Charge For Referencing or Both?

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    Reservation Fee or Charge For Referencing or Both?


    I would like to understand landlords approach to letting a tenant. Woud you either;

    1. Charge a reservation fee and deduct from first months rent (no other fees)?
    2. Charge for referencing (no other fees)?
    3. Charge for referencing and charge a reservation fee if they can't move in straight away and deduct from first months rent(no ther fees)?

    What has worked for you?



    1. No
    2. No
    3. No

    Dr Google seemss to think you are 19 & in India... probably wrong eh??
    I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...


      By "reservation fee" it seems you mean "holding deposit" since it is to be credited to the tenant's account (and so is certainly not a fee).

      Originally posted by theartfullodger View Post
      Dr Google seemss to think you are 19 & in India... probably wrong eh??
      Can't landlords also be interested in "love"?


        Yes holding deposit.



          1) No
          2) Yes
          3) No

          I charge for referencing for two reasons, it takes time to do it and a cost for the credit search and it also in my opinion 'binds' the tenant to the property mentally. I would fear if I didn't charge for referencing that people who aren't really serious would say they are interested but would be wasting my time.

          Hope this helps


            Thanks Dan, I would agree sounds like a sensible approach.


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