leetav
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Letting Agent Holding Deposit
leetav replied to bigron82's topic in Residential and Commercial lettings/Freehold issues
Hi guys, quick question: I paid a 'Holding deposit' of £250 which enabled the agency to take the property off the market, do credit reference checks and compile the agreement. Fair enough... However my final invoice states this: Rent cost 11/06/2013 = £750 Deposit held = £1038.48 AGENCY FEE = £250 (with a breakdown of VAT) Check in Fee = £85 Less holding deposit = -£250 So I asked the agent to clarify that there is an extra £250 as an AGENCY FEE and that I won't be getting £250 as my holding deposit as it's paying for that fee, and he said yes. Is this completely legitimate!? It was not mentioned in my initial emails that there was an agency fee to pay; I even rang them 2 weeks ago to ask if there were any extra fees to pay and they said no... they also said on a separate phone call that I get the holding deposit taken OFF of our first monthly rent. Can anyone shed any light on this at all? Thanks Lee
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