 Holding Fee (by David [NC]) Sep 2, 2019 5:10 PM
 (by Vee [OH]) Sep 2, 2019 5:16 PM
(by melinda [MD]) Sep 2, 2019 6:12 PM
(by BRAD 20,000 [ID]) Sep 2, 2019 8:22 PM
(by AllyM [NJ]) Sep 3, 2019 12:11 PM
(by Dave [MO]) Sep 3, 2019 10:54 PM
(by LindaJ [NY]) Sep 4, 2019 8:51 AM
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Holding Fee (by David [NC]) Sep 2, 2019 5:10 PM
Message:
I advertised a home before it is ready so that I can move in a person ASAP. This is the first time I have done that as I usually wait until it is rent ready. I have an applicant whose time frame matches mine. I'd like to get a holding fee to insure they don't flake off or change their mind.
How much do you normally charge?
I assume you apply it to 1st month's rent if they ultimate move forward.
When do you get them to sign the actual lease and pay SD and 1st month rent?
Any other suggestions?
--65.188.xxx.xxx |
Holding Fee (by Vee [OH]) Sep 2, 2019 5:16 PM
Message:
I take one month rent value and have it convert to part of the deposit when the remaining funds are coming forward and a lease is signed, I always charge double rent value deposit so the amount is 1/3 the movein money needed to take the unit, holding fee is valid for 14 days or 2 weeks whichever comes first. --76.188.xxx.xx |
Holding Fee (by melinda [MD]) Sep 2, 2019 6:12 PM
Message:
Our holding fee is usually the amount that is the deposit. Nonrefundable. Minimum is $1,000. --24.233.xxx.xx |
Holding Fee (by BRAD 20,000 [ID]) Sep 2, 2019 8:22 PM
Message:
David,
We do deposit, rent, lease.
This works every time. No hassles, no misunderstandings, and they stop shopping because they are locked in.
Now get the home done!
BRAD --73.102.xxx.xxx |
Holding Fee (by AllyM [NJ]) Sep 3, 2019 12:11 PM
Message:
I never show until finished as something could happen and I would have no unit to rent on time. However, I would do either a low ball holding fee, maybe 100 or a refundable higher deposit. I would not try any amount that someone might take me to court for if they had an issue. --173.61.xxx.xx |
Holding Fee (by Dave [MO]) Sep 3, 2019 10:54 PM
Message:
David, I will use a non refundable hold fee agreement, for 10 days max usually less. The hold fee will convert into the deposit at lease signing. So, hold fee is equal to the deposit. You need to have the names, with an address of your rental and a definitive move in date, and if the proposed named persons do not move in at that date they forfeit the hold fee money. --173.216.xxx.xx |
Holding Fee (by LindaJ [NY]) Sep 4, 2019 8:51 AM
Message:
Non-refundable holding fee, converts the deposit at the time the lease is signed, rent is collect, utilities changed and keys are exchanged.
--108.4.xxx.xx |
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