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Holding deposits

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  • 21-06-2011 6:22pm
    #1
    velvet1989
    Registered Users Posts: 59 ✭✭


    HEY all. Finally after living in complete dives for 2 years i have found the place of my dreams. I have a viewing thursday was just wondering with letting agencies if you offer a holding deposit in order to keep the property for say 3 weeks while i get deposit and rent together, do they usually accept this or???


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    #2
    bath handle
    Banned (with Prison Access) Posts: 370 ✭✭bath handle


    Never heard of it! Pay a deposit plus a months rent on signing the lease. I.e. Two months rent.


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    #3
    velvet1989
    Registered Users Posts: 59 ✭✭velvet1989


    yeah thats fair enough but ive hard holding deposits can hold the property for 3 weeks. see need my deposit from my current place to pay new deposit


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    #4
    P_1
    Registered Users Posts: 14,681 ✭✭✭✭P_1


    The day you move in you would normally have to pay a months rent plus your deposit.

    If you pay a holding deposit on the day you move in you would pay a months rent plus your deposit minus the holding deposit.

    The holding deposit is there to stop the EA/Landlord from letting the property out before you move in whilst giving yourself time to gather funds/sort out moving out of another place/pack.


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    #5
    velvet1989
    Registered Users Posts: 59 ✭✭velvet1989


    Thank you pithater that was the answer I was looking for :)


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    #6
    Gandalph
    Registered Users Posts: 1,792 ✭✭✭Gandalph


    Confirm with the agency 1st, 3 weeks is an aweful long time for the property to be held on deposit


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    #7
    P_1
    Registered Users Posts: 14,681 ✭✭✭✭P_1


    Yeah I'd confirm that 3 weeks is ok with the EA/landlord first.


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    #8
    velvet1989
    Registered Users Posts: 59 ✭✭velvet1989


    well like if i gave the full deposit when signing the lease and then a month upfront when i get the keys maybe???


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    #9
    Gandalph
    Registered Users Posts: 1,792 ✭✭✭Gandalph


    velvet1989 wrote: »
    well like if i gave the full deposit when signing the lease and then a month upfront when i get the keys maybe???

    thats standard procedure but most holding deposits are a week max, the L/L is losing money leaving the property vacant for 3 weeks, unless its been vacant for a long time i dont see them going along with it


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    #10
    bath handle
    Banned (with Prison Access) Posts: 370 ✭✭bath handle


    pithater1 wrote: »
    T

    The holding deposit is there to stop the EA/Landlord from letting the property out before you move in whilst giving yourself time to gather funds/sort out moving out of another place/pack.

    a holding deposit if it is accepted will be " subject to lease/contract ". It can be returned at any time. It does not prevent the landlord dealing with anybody else. Neither does it prevent the o/p taking it back and renting somewhere else. Once the keys are handed over the tenant is liable for the rent. When the tenant moves in is irrelevant.


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    #11
    Victor
    Registered Users Posts: 78,397 ✭✭✭✭Victor


    Not all holding deposits are the same. Make sure it is returnable if you choose not to rent the property.


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