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Gazumped by a letting agent!!

We have applied and been accepted for a rental property, due to move next Friday, paid the holding fee, paid the deposit and just had a phone call from the letting agency to say the property has already been let by a different agency who were marketing it at a higher price, so we can no longer have it. Movers booked and a low rental stock in our area, what a nightmare - are they allowed to do this?

Comments

  • Have you signed anything?
  • The landlord is allowed to do anything he wants with his property, including rent it out for the highest amount of money he can get for it.

    Sorry you've been pipped to the post, but in his shoes, would you have done any different?
  • pinkshoes
    pinkshoes Posts: 20,609 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Did you sign any T&Cs?

    Offer more money?
    Should've = Should HAVE (not 'of')
    Would've = Would HAVE (not 'of')

    No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)
  • The letting agent will be equally annoyed as they will be missing out on their commission for finding you and possibly their management fee (if it was going to be a managed let) for the whole term of your tenancy.

    I would therefore imagine if there was any way the landlord could be legally held towards renting to you/using their services they would have already tried arguing that with him.
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