Holding Deposit
Tenancy Deposits

Philip54321

4 Thanks

42 Posts

2 years ago

Since only being allowed to take one weeks holding deposit I have had 7 Prospective tenants pull out of taking the flat. They lose their Deposit of course but It costs me more than one weeks money.

I lose about 3 or 4 weeks rent and to add insult to injury I have to pay the council Tax.

So I have started to sign them up on the AST within 7 days. But this has caused me a bit of concern because if the Tenant that is in the flat does not move out I'm in big trouble.

I would like your opinion on this matter.

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.

Join Today

Have you forgotten your password?

Holding DepositTenancy Deposits

Please Login

Holding Deposit
Tenancy Deposits