- Info
Making a decision
Once you have visited a few places and you see somewhere you like, you will have to secure it.
Always get a receipt for any money you have paid! Ask for the receipt BEFORE you hand over any money!!
| Holding Deposit |
- you may have to pay a holding deposit if you have agreed to rent a particular property but have not yet signed the contract or moved in
- The deposit guarantees that you will take up the tenancy, and the landlord or agent is guaranteeing to let it to you.
- You should not pay any money unless you are sure you want that particular property
- Insist on confirmation of what the deposit covers and when it will be returned to you
- If the Holding Deposit is to be used as part of your tenancy deposit when you have moved in, it will be subject to deposit protection
- Holding deposits which relate only to the reservation of the property are not covered by the protection rules.
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| Fees |
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Rent in Advance |
- Agents may charge fees once they have found you a place to live and you have agreed to accept it
- It is illegal for them to charge you just for registering with them.
- Once you have accepted a property, you may also have to pay a fee for having your tenancy agreement or inventory drawn up
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- Most landlords ask for rent to be paid in advance
- If you pay rent monthly, you will usually have to pay for the first month before you move in
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| For more information |
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About
- Holding Deposits
- Fees
- Rent in Advance
See Private Tenancies: paying a deposit. Understanding where your money goes and how to get it back. Page 5. Shelter.org.uk
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