Letting Agents time scale to transfer funds
Letting Agents

Angel Landlord
Angel Landlord
0 Thanks
1 Posts
4 years ago
0

We are using a letting agent to find a tenant and administer the move in procedure which includes collecting the Tenants deposit and first months rent which they then pass on to us less their fees. My question is how long is reasonable to expect to wait for the funds to transfer? At the moment we are having to chase them. The last let was at least 2 weeks, we have just completed another let and have asked by email on several occasions when we can expect the funds but have had no reply? We would like this to be within about 1 week, is that reasonable? There is nothing covering this in our agreement.

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.