Guildford Letting Agent gives tips to Landlords

My tip today is to make sure any tenant that states they want to take your property signs an agreement to lease at a future date plus gives you £500 holding fee (depending on monthly rent). The agreement to lease is a simple document stating that if the tenant withdraws before the tenancy agreement is signed the landlord is protected for any financial lose e.g. rent or re-advertising fees. The contract also protects the tenant in case the landlord withdraws without good reason and loses money due to, say, hiring a removal van and the deposit paid to do so. Obviously failing references is a good reason, so if both parties are serious an agreement to lease and a holding fee protect both parties and give peace of mind.