Are You Putting off Good Tenants with High Upfront Costs?

deterring tenants from applying to your property with high cost move in moneys

A great way to put tenants off your property is to demand a big lump-sum payment before they can move in. This lump-sum is usually the amalgamation of:

  • Holding deposit
  • Security deposit (six week’s rent)
  • First month’s rent upfront
  • Agency fees
  • Referencing, inventory, etc.

It isn’t uncommon for these fees to add up to well over £2,000 per tenant. Continue reading “Are You Putting off Good Tenants with High Upfront Costs?”