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Landlords, When do you take 1st payment
alisara
Posts: 305 Forumite
Really silly question here for some. I am currently looking for a house and will have deposit and 1st months rent ready for 1st June. My problem/question is when do you guys want money deposit etc, right away or the day I move and get keys.
Thanks to all who answer!
Thanks to all who answer!
0
Comments
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most will want money as soon as they can get hold of it
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At the point the agreement is reached/contract signed.
If you were moving in on June 1st, I wouldn't hold the place till then without some payment/a contract. You might change your mind and I'd be left with an empty property in June.0 -
I have always paid the 'security deposit' (plus stupid fee's if through a LA) at the initial reservation, then the first months rent has been required before receiving the keys.0
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So, it is ok to hand over deposit (make sure you get receipt etc) and then on the day of the move say/when receiving your keys hand over the first months rent.
Did i get that right?0 -
Yes, that's fair.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
So, it is ok to hand over deposit (make sure you get receipt etc) and then on the day of the move say/when receiving your keys hand over the first months rent.
Did i get that right?
No - not unless its cash. Both deposit and first month's rent has to be paid and cleared before the key is handed over - few landlords will be happy with a cheque handed over on the day of moving in in case it bounces...0
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