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Letting agency requesting full months rent to register interest - allowed?

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Comments

  • #52
    Honey and Milk
    Banned (with Prison Access) Posts: 3 ✭Honey and Milk


    smccarrick wrote: »

    I'd also advocate the complete removal of mortgage interest as an allowable expense for landlords btw- .

    That was done for three years after the bacon Report in 1998. Rents doubled!


  • #53
    UDP
    Closed Accounts Posts: 1,188 ✭✭✭UDP


    smccarrick wrote: »

    I also think that tenants should pay for the cost of agents- as per elsewhere.
    I strongly disagree with this practice. One or two places in germany tried to get me to pay this when apartment hunting but I wouldn't pay it so took different apartments that didn't have this fee/didn't use agents. My reasons why I disagree are the agent is working for the landlord not me (I didn't hire him/her) so they never have my best interests at heart - in fact they work like salespeople covering flaws with bs to close the deal i.e. Not pointing out the pros and cons of each apartment for me so that I can make an informed decision since I can't really back out after a month without substantial loses. Also the agent is not exactly spending time going around searching for apartments for me or saving me any time - it is all for the benefit of the landlord. Am I supposed to pay this agent for showing other people the apartment that I end up choosing to rent? It's not my fault that the landlord chose not to do it themselves - it is their business after all not a free no hassle money maker. If the landlord chose to go the lazy route then the cost should come out of their profits.


  • #54
    ladysarah
    Banned (with Prison Access) Posts: 155 ✭✭ladysarah


    under no circumstances should agents take a deposit until they are sure they are giving the couple the properyy. I sm an agent and when i let the apartment i only take a 400 euro holding deposit until the keys are handed over but i would never take money unless I was sure I was giving them the property. i do not agree with agent's charging tenants either.


  • #55
    jam_mac_jam
    Registered Users, Registered Users 2 Posts: 4,731 ✭✭✭jam_mac_jam


    You have no protection if you do this. If Dublin lettings go bust in the morning your money is gone. This is not normal and I would look elsewhere.


  • #56
    Kosseegan
    Banned (with Prison Access) Posts: 987 ✭✭✭Kosseegan


    jam_mac_jam wrote: »
    You have no protection if you do this. If Dublin lettings go bust in the morning your money is gone.

    What about their bond?


  • #57
    kippy
    Registered Users, Registered Users 2 Posts: 18,990 ✭✭✭✭kippy


    gaius c wrote: »
    Plenty of empty apartments about the place...
    Apartments that aren't in demand for one reason or another by the looks of it.
    (Too small, too much sound, poor build quality etc etc)

    As for the OP, I've not heard of this practice before but I suppose when there is a lot of demand for the right places landlords want to reduce the amount of those that aren't 100% serious about their place.


  • #58
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Kosseegan wrote: »
    What about their bond?

    You're an unsecured creditor- look at all the threads here about properties gone into NAMA etc- you're an unsecured creditor, should that happen. Vis-a-vis actual tenants- the advice is- if the landlord goes into liquidation- to negotiate with the liquidator to use the deposit as the last month's rent. In the case of where you're not yet a tenant- your deposit becomes a hell of a lot more tenuous- you have no comeback, if they go into liquidation. What about their bond?


  • #59
    Kosseegan
    Banned (with Prison Access) Posts: 987 ✭✭✭Kosseegan


    smccarrick wrote: »
    You're an unsecured creditor- look at all the threads here about properties gone into NAMA etc- you're an unsecured creditor, should that happen. Vis-a-vis actual tenants- the advice is- if the landlord goes into liquidation- to negotiate with the liquidator to use the deposit as the last month's rent. In the case of where you're not yet a tenant- your deposit becomes a hell of a lot more tenuous- you have no comeback, if they go into liquidation. What about their bond?


    Estate agents are required to have a bond in place for the protectuion of clients. It is a much different situation regarding properties gone into NAMA. Nobody posting here has yeat applied to the PRTB for a deposit back from NAMA and been refused. Unless the landlord is a limited company ( and the vast majority are not) he cannot go into liquidation. Receivers are appointed by the banks but nobody has yet reported complaining to the PRTB. Receivers are personally liable in any case so there is nop secured creditor issue.


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