Holding deposits before the checks

Landlord Discussion
1

Hello,

I am new to openrent, I have a tenant who is interested & gave me holding deposit before I did the check, I started the checks immediately, am I OK to not accept if the checks dont come back clean?

2

Yes, of course. If the tenant lied in their application, you may also be able to keep the holding deposit.

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3

@Shayan

Yes of course. Accepting the deposit is not a commitment to then rent to someone

If they cant afford it, their ID cant be verified or eg they have bad credit history and didnt tell you, why would you rent to them? If the people proposed dont match what they told you or basicslly anything at all is suspicious and you cant get a good answer - find someone ekse

Note the Openrent referencing report doesnt cover everything eg it doesn’t include right to rent which you need to do separately. Ditto OR wont check if your property is in an area needing a license or if it is an HMO.
.
Good luck

4

Thanks David, appreciate the reply

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5

Thanks David.

This is useful, do you know where I can get the right to rent report from? Currently, I am waiting on the full report.

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6

@Shayan you may be able to do yourself (it’s easy if they have a Home Office share code) or pay a letting agent or others to do it

Source: GOV.UK Landlord's guide to right to rent checks - GOV.UK

If you didn’t know about need to do right to rent checks, some LL training may be worth considering

Best

7

Thanks again David, much appreciated

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