Protecting a deposit but with specific clauses

You are here : Member Forums Tenancy Deposits Protecting a deposit but with specific clauses
This topic has been locked as no posts have been made within the last 90 days.
C
Confused Landlord
8 Posts
0 Thanks
Dear RLA,
I have currently a vacant property advertised to rent. A prospective tenant has asked me if it is possible for him to rent from July onwards (i.e. in three weeks).

This is possible however I would like to take a deposit to guarantee that he will honour the tenancy and occupy it from July. The last thing I want to happen is that I take the property of the market to find that he changes his mind before occupation.

The tenant has asked that on his side he would like to have any deposit left protected which I fully understand. What happens if I take a deposit, place it in a protection scheme and he cancels the tenancy before occupation? Could I have a clause in the scheme stating that it is non-refundable in the event that the tenant cancels the tenancy before occupation?

Best Regards,

07/06/2012 00:00

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Landlord & Investment Show
Martin Co
Envirovent
Landlord Broadband

Share this page