Rental costs?

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Rental costs?


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Old 1st June 2019, 07:00 PM
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Default Rental costs?

Hi
I am about to sign for a rental property. The agent requires one month deposit, two months rental which is the last two months of contract, then pay as normal.per month from the day of moving in.

Is this normal?

Thanks

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Old 1st June 2019, 08:04 PM
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Agents/landlords have a bit of freedom to make up the conditions of a legally binding contract - ie if both parties agree and sign then the conditions stand. Yours sounds a bit like 3 months deposit but it does give the agent/landlord a bit of security that you wont "forget" to pay at the end of a month as you have already paid for the final two months. Make sure the legal bit has it all tied up properly.

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Old 2nd June 2019, 09:35 AM
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Quote:
Is this normal?
It is normal and I suspect if you owned the property and were renting it to someone you didn't know then you would want the same conditions.

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Old 6th June 2019, 12:40 PM
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Quote:
Originally Posted by malimber View Post
Hi
Is this normal?
Eviction is a long process, so landlords want money up front in case the tenant stops paying.

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Old 7th June 2019, 12:55 PM
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As of Saturday 01 June the new rental laws came into effect for England. Wales will follow suit within a few months.

The Holding Deposit cannot be more than 1 weeks rental fees and must be returned within 14 days. The Rental Deposit cannot be more than 5 weeks for a home of which the yearly rental is 50k or less.

The astronomical costs of credit vetting and other silly fees have also been done away with. We signed our rental contract on 4 June this week and only paid the 5 week deposit. The other fees in the contract were crossed out.
https://www.gov.uk/government/news/s...reds-of-pounds

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Old 7th June 2019, 06:55 PM
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Quote:
Originally Posted by MrBife View Post
It is normal and I suspect if you owned the property and were renting it to someone you didn't know then you would want the same conditions.
I paid one months rent in advance plus two months deposit too

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Old 7th June 2019, 07:03 PM
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Disregard my post above as it in on the wrong forum.

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Old 7th June 2019, 07:04 PM
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Thanks everyone. All paid up 😁

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