Tenants Reservation Fee - Do You Need a Fee to Reserve a Property asks David Lawrenson
You definitely need a tenant to pay a reservation fee to reserve your property.
After all, if it's three weeks time before they are supposed to sign tenancy agreements and move in, they could just change their minds - leaving you high and dry and with a period when the property was potentially empty.
You will have to start advertising again - and it may take another three or four weeks to get someone else who is suitable.
For that reason, I always ask for a 3 week reservation fee - not a deposit - which tenants sign to acknowledge that if they change their mind and do not go ahead, or cannot pay the rent and deposit on the agreed move in date, they will lose that money.
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ABOUT US
LettingFocus.com are the experts on landlord issues and I’m David Lawrenson, the author of “Successful Property Letting” – which has been the UK’s top selling property and buy to let book for the last 3 years.
We help landlords and property investors make money in property by coaching them in ways that work, that are ethical and which involve minimal risk.
I have been a landlord and property investor myself for over 25 years.
At LettingFocus we offer independent unbiased buy to let advice for property buyers and landlords both on a one to one mentoring and coaching basis as well as through occasional group seminars.
Property syndicates and property advice in the UK is still largely unregulated and what counts as “advice” is too often more about making the promoter money than giving useful information to the investor.
With no link to property firms, developers or bridging loan providers, at LettingFocus, we aim to give unbiased independent advice on where and what type of property to buy for investment, when to buy and how to buy property at a low price.
We also show you how to manage tenants properly and in ways that take up as little of your time as possible.
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to david@LettingFocus.com - Please note we WILL NOT send spam or sell our mailing list to advertisers!
See this related article: http://www.lettingfocus.com/pages/myarticles_ChoosingaLettingAgency.html
IF YOU HAVE A SITE WHY NOT LINK TO THIS BLOG OR OUR WEBSITE?
Selling services to landlords and property investors and have a national coverage? You could be a partner, please get in touch!
TO VIEW RELATED POSTS select a “Category” at the bottom of this page.
Copyright: D Lawrenson 2007
After all, if it's three weeks time before they are supposed to sign tenancy agreements and move in, they could just change their minds - leaving you high and dry and with a period when the property was potentially empty.
You will have to start advertising again - and it may take another three or four weeks to get someone else who is suitable.
For that reason, I always ask for a 3 week reservation fee - not a deposit - which tenants sign to acknowledge that if they change their mind and do not go ahead, or cannot pay the rent and deposit on the agreed move in date, they will lose that money.
CHECK OUT THESE PAGES AT OUR SITE LETTINGFOCUS.COM:
THE HOME PAGE OF THIS BLOG click here: Blog
THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors:
Next Property Investing Seminar and Networking Event
We have GREAT OFFERS on a range of products for landlords too; click here including landlords insurance, tenant referencing, tenancy agreements and more: Services and Products for Landlords
For general info on our SEMINARS AND CONSULTING click here: Property Seminars, Networking Evenings and Consulting
ONE TO ONE PRIVATE CONSULTING click here: Property Mentoring
CLIENT TESTIMONIALS from past customers click here: Testimonials
BUY THE BOOK click here: Buy the Book at Amazon
ABOUT US
LettingFocus.com are the experts on landlord issues and I’m David Lawrenson, the author of “Successful Property Letting” – which has been the UK’s top selling property and buy to let book for the last 3 years.
We help landlords and property investors make money in property by coaching them in ways that work, that are ethical and which involve minimal risk.
I have been a landlord and property investor myself for over 25 years.
At LettingFocus we offer independent unbiased buy to let advice for property buyers and landlords both on a one to one mentoring and coaching basis as well as through occasional group seminars.
Property syndicates and property advice in the UK is still largely unregulated and what counts as “advice” is too often more about making the promoter money than giving useful information to the investor.
With no link to property firms, developers or bridging loan providers, at LettingFocus, we aim to give unbiased independent advice on where and what type of property to buy for investment, when to buy and how to buy property at a low price.
We also show you how to manage tenants properly and in ways that take up as little of your time as possible.
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to david@LettingFocus.com - Please note we WILL NOT send spam or sell our mailing list to advertisers!
See this related article: http://www.lettingfocus.com/pages/myarticles_ChoosingaLettingAgency.html
IF YOU HAVE A SITE WHY NOT LINK TO THIS BLOG OR OUR WEBSITE?
Selling services to landlords and property investors and have a national coverage? You could be a partner, please get in touch!
TO VIEW RELATED POSTS select a “Category” at the bottom of this page.
Copyright: D Lawrenson 2007
Labels: fee to reserve a property, finding tenants, reservation fees for tenants, tenancy deposits, tenant find, tenants bonds, tenants deposits
This entry was posted by lettingfocus, on
Monday, July 16, 2007.
