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Deposit Question


KIKORENTAL

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Hi - I am new to letting and so in need of some advice! I have a tennant that wants to move in 01 August. Is it possible/normal to ask for a small proportion of the deposit now? How do you limit the risk of the tennant changing their mind in a months time? During which time I will have missed several opportunities to find another tennant.

Really appreciate any help!

Thanks

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Yes a holding bond refundable on taking up the Tenancy is quite normal.

If you don't, then as you say, the Tenant could change their mind and your left holding the baby.

If they don't agree to this then carry on marketing the property or possibly lose out.

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