Renting - Deposit

Jon81

Just wondering in a general sense, I am selling my current shared ownership property and moving to private rented.


I have been saving for fees, deposit and first months rent.


I'm just waiting for a completion date and it's got me wondering with regards the sale proceeds.


Ideally, I'd move into my new property a week before competition on my current property


Hypothetically, would you imagine that an agent/land lord would consider the deposit upon completion but fees and first months rent paid in advance.


I understand that a deposit needs to be secured with a deposit scheme within 10 days so I wondered if there might be, some limited flexibility given that it's a known quantity do to speak

Pixie5740

You can always ask but any place I have ever rented required the first rent payment and deposit paid before the keys were handed over. Once you're in the property it's much more difficult for the landlord to get a deposit off you.

Jon81

thanks pixie, I suspected as such and appreciate the view.


There was potentially a property on with the agent we're selling with so wondered, if keeping it all in house so to speak would carry some sway.


But fully appreciate, they're separate transactions and yes the LL would be looking to secure their deposit before handing over keys


Cheers

Brightspark87

in your case they may be more flexible - just ask them and see what happens then you know where you stand

tom9980

From a Landlords point of view why would they ever allow it? letting you pay a deposit late is a massive no no in my book because you could simply turn around and just refuse to pay it while holding a tenancy agreement. Any Landlord would be unwise to even consider it seriously in my view.

Jon81

Thanks tom, I appreciate your POV

HappyMJ

I'd just put it on the credit card.

If you're going through an agent you can pay the rent, deposit and fees using a credit card. Pay it off when the bill arrives and you won't be charged any interest.

thesaint

HappyMJ wrote: »

I'd just put it on the credit card.

If you're going through an agent you can pay the rent, deposit and fees using a credit card. Pay it off when the bill arrives and you won't be charged any interest.

Not all agents take credit cards(we don't).
Chargebacks are too easy.

HappyMJ

thesaint wrote: »

Not all agents take credit cards(we don't).
Chargebacks are too easy.

Chargebacks can be done on a debit card too. It's very rare for a tenant to charge back such an important payment.

thesaint

HappyMJ wrote: »

Chargebacks can be done on a debit card too.

They are the exception to the rule.

HappyMJ wrote: »

It's very rare for a tenant to charge back such an important payment.

Atried and trusted tenant maybe. A tenant that needs to pay their deposit on a credit card doesn't inspire confidence in me as a landlord/agent.

HappyMJ

thesaint wrote: »

They are the exception to the rule.



Atried and trusted tenant maybe. A tenant that needs to pay their deposit on a credit card doesn't inspire confidence in me as a landlord/agent.

If explained to the agent as the OP has done earlier in this thread then paying by CC would make sense. I don't see why an agent would care and the LL would not know the deposit has been paid by CC. The tenant has passed referencing and signed the tenancy agreement the final bit is paying for it and getting the keys. I can't imagine an agent withdrawing the offer at this late stage just because the tenant wishes to pay by CC.