This has been rare, and I usually say no, but I have an empty unit that I showed today and the guy asked if I could the unit until the 15th of June - 3 weeks from now.

I have someone else looking at it tomorrow.

The rent on it has been paid for this month, but I don't even want to hold it for two weeks. I sometimes split the rent wit them, but we're too far away from the 15th.

How would you handle?

On my last round of vacancies, 3 units in my large complex, I had 11 groups show up at the open house. Since it was the middle of the month, they all wanted to take it as of June 15th, so they could give their current landlord 30 days notice.

I told everyone that I wasn't going to accept a "Holding Fee"! Instead, the first group that meets my requirements and can:

a) Sign a lease

b) Come up with all of the move in cost at signing

will win a tenancy in my building.

I would agree to start applying the first months rent starting from June 1st, letting them move in early. This way they would only have to pay 15 days worth of double rent--to the old and new landlords.

Out of the 11 groups, 6 groups had no issues with paying and signing a lease early. Two more of the groups had to ask family to borrow money...By then I had already filled the 3 units...

A 2 bedroom, a 1 bedroom and a single.

I'd hold a house for two weeks, if:

Tenants are verified and approved, All move in costs paid and Contract is signed.

I believe an applicant who is not ready to move into a house within a week is not qualified. Full stop.

Instead of "holding" it, I will negotiate on waiving the next months prorated rent or providing other incentives. That way you don't have to play around with them not taking possession and you still having a vacant house.

No!Not even with a deposit.

If that tenant is someone you WANT and it's "only" two weeks I may - my hold fee is equivalent to the Security Deposit amount and is NOT negotiable.

So if the SD is $900 - that's the Fee to hold the property. IF and as long as they follow through with the remaining of the contract (which would be to pay the rest of the money owed to move in, change all utilities as appropriate to their name, take possession (keys, lease signed, etc) by a pre-determined date (or before) THEN I in exchange, will NOT show the property, stop advertising, etc. All of that comes to the point of we would then CREDIT them the $900 (in this example) towards their move in amount. All good.

If they decide (after they've paid the Fee and signed the form) that they don't want the property - then it STAYS A FEE. We put the property back on the market and start showing it.

I typically don't "hold" apartments if they are vacant unless it's something that works in my favor as well. I don't hold for MONTHS.

Same as NE.

Same as NE.