How Can a Glasgow Letting Agent Hold Deposit Back?

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Depending on the rental property you are looking to rent, you may be asked to pay a holding deposit before you are accepted as a tenant. If you are, it is important to understand how you can get your holding deposit back. You should know how to negotiate with your landlord or letting agent to get the full amount back. If you are unsure of how to do this, speak to a representative from Citizens Advice. If you have no luck with your landlord, you can take your case to the Property Ombudsman.

Letting agents are a necessary evil when renting a property. They can be the most helpful and useful person if you find the right agent. However, there are some unscrupulous individuals who see this job as an opportunity to take advantage of people trying to find somewhere to live. Letting agents will often require tenants to place a deposit before they can begin viewing properties. This is done so that if something gets damaged during the viewing, they have recourse in order to repair it. The problem comes when letting agents can hold these deposits for extended periods of time with little or no explanation as to why.

For example: You’ve found a perfect house which has been listed by a letting agent – usually these are estate agents who also act as letting agents. After arranging an inspection, you sign the tenancy agreement and pay their fee, which includes your deposit (usually one month’s rent). But now you’re stuck waiting weeks – maybe even months – for your deposit back with no explanation why. Here we explain what you should do in this situation and what rights you have as a tenant that gives you more power than you might think…

Renting property in the UK

Real estate agent in business suit giving keys to young couple

If you are planning on renting a property in the UK, you should be provided with a draft tenancy agreement and basic checks before you move in. The checks will vary depending on your location, but they can include a tenant’s credit history, proof of identity, and their ability to pay rent. The company doing letting in Glasgow can also conduct a referencing check. The results of this check may highlight any concerns that your prospective landlord has about you. If you fail, you may be required to provide a guarantor. You may also have to pay rent in advance or pay your holding deposit.

If you are a tenant who is looking to rent a property in England, you should understand the rules surrounding holding deposits. The law has changed recently, and you should be aware of the new regulations. Holding deposits can no longer be pocketed by unscrupulous letting agents. In addition, landlords who charge more than the legal limit are at risk of fines and civil penalties. They may also be criminally charged.

You should always make sure that you have a written agreement regarding the terms of your holding deposit. The terms should never be misleading. For example, if you pay a holding deposit that is only refundable when the rental agreement is signed, this could be misleading. If you find out later that the letting in Glasgow company is charging you more than the legal limit, you can make a complaint to the local council. You can also make a complaint to a trade body, such as the Association of Residential Letting Agents. If you do not get your deposit back, you can take your case to the Property ombudsman.

Before you make any arrangements to rent a property, you should take the time to research the local rental market. You should also ensure that you understand the risks involved. This includes identifying guarantors and checking that the property is available for rent.

You should never pay a holding deposit if you are unsure about your ability to rent the property. If the property is not available or you are not happy with the property, you should get the deposit back as soon as possible. You should also ask for a written explanation for why you were asked to pay the deposit. If you have no written explanation, you may want to contact your letting agent to find out if there is a legitimate reason for holding your deposit.

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Quick Sale of House – How to Sell Your House Fast

The concept of a quick sale of house has gained much popularity in the last few years. The entire concept of a quick house sale is related to selling a house quickly to the buyer who needs it immediately. This is usually done in the event that the person (the homeowner) does not qualify for a mortgage loan, is already in arrears, has fallen behind in repayments or any number of other such reasons. In most cases, this involves taking the home away from the family as a form of emotional satisfaction and repaying the financial lenders that have lent money on the basis of equity.

Getting The Best Selling Outcome

Usually, the home owners’ agent will act as their representative while going through the steps of selling a house through quick sale process. Once the deal is sealed and the property has been repossessed by the lender or the bank, the agent will step out of the house and the process of selling starts afresh. The process of selling a house through quick sale involves several important things.

The first and foremost thing that has to be done is to list the house for sale at a price that is lower than the market value of the property. This is normally done by making a detailed study of the property and its condition. A qualified and experienced quick sale company will do the necessary repairs and renovations to the house prior to listing it in the sale room. Most of the agents also have contacts with interior designers who can refurbish the house in a way that matches its new market value. To achieve the best quick sale of house you need to be equipped with the skills and knowledge to enable this process.


Closing The Deal

The second important step in the quick sale of a house is to fix the closing date. This is normally scheduled after the sale is finalized and the money is released to the mortgagor. This helps in avoiding rush and irregular payments that may lead to late payment of arrears or any other financial problems. It also helps in getting the credit report cleared and maintained.

Listing of the property for sale is a very important process. The client should make sure that the data entered in the form is correct and free from errors. If the house is sold through a quick sale company then a title search is required before the final approval of the sale. This is normally done by a county officer. Based on this, the company is approved and the sale is made official. In some cases the home owner has to personally accompany the title transfer.


Listing of the property for sale through quick sale companies is a very simple process. However, there are few important points that need to be considered. Some of the essential points include valuation of the house, inspection, valuation and verification of repairs and renovations done to the house by the company. A quick sale company usually agrees to the valuation process but when it comes to valuation they quote a higher price than the house actually costs. This is because of their commission that they earn.

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