Tenancy Deposit Scheme

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letsretirein thesunshine
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We have read all of the excellent information on the RLA site. Our rents in Cleethorpes and Grimsby are around 390 per cal month for unfurnished properties. We currently charge incoming tenants 30 for referencing and tenancy agreement and inventory costs. Cheap, we know !!

We propose to charge a 100 non refundable charges in future. On top of this, we will charge, say, 430 per cal month for the first six months of the tenancy, which will give us 180 of non refundable income. Add to this the exta 70 taken for our costs, this will mean we have taken 250 per tenancy extra in non refundable income, against a usual deposit of 390., most, or all of which has been refunded to the tenant in the past.

If the tenancy is satisfactory, we may offer a reduced rental in the second, continuing phase of a tenancy, of 390 per month, at current rates. We hope this will promote a good results.

Can anybody spot any flaws here please ? Many thanks.

29/04/2007 00:00

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