Found a HB-accepted property..

zudecke

Hi guys,

I finally found what is probably the ONLY HB-accepted property in my area..

However, it comes with a catch.

Due to a previous bad experience with the former tenant, the landlord is looking for about 15% of the WEEKLY rent for a whole year in advance. After much negotiating they were willing to settle on 3 months in advance (plus deposit).

Still unsure how I'd pay for it.. Would have to borrow from a friend if possible.

But is this even legal/allowed? Seems very fishy to me.. I.e. you either accept HB tenants, or you don't?

I'm not complaining (well, not really!), but just want to do as much homework as possible on the matter..

Any ideas/tips?

Thanks,

Z

poppysarah

Maybe you need to move area?

PasturesNew

It's normal for a LL to want 1.5 months' rent as the deposit, then you need the rent up front too - and the credit checks etc. By law the max a LL can take as a deposit is 2 months' rent.

Your figure of 15% of the first year's rent equates to less than 2 months' rent, so would fall within the realms of "perfectly normal".

LL cannot ask for 3 months' rent as a deposit. 2 months is max.

Although I think I misunderstood what you meant.... and I cba to work it out and change/repost what I put.