Hi, I am moving away from another property management company and need a contract raising to be started in 2 weeks. My (very good) tenants are on a no deposit scheme, but I cannot find any link to sign up with openrent that doesn’t require full referencing, deposits, and includes advertising etc.
Can anyone point me in the right direction please.
If you are signing up an existing tenant, you need to create an advertisement and buy a RentNow credit, then add manually your tenants details, then pause the advert & select them as your preferred applicant & invite them to pay a holding deposit. You will do this promptly and there will not be time for the advert to generate interest.
They will ‘HAVE’ to pay a holding deposit of 1 weeks rent to Openrent, and then you can proceed with them without referencing. Referencing is not compulsory. You can create the new AST with nil ‘deposit’. You choose the date the new AST takes effect. I suggets this would be on a normal rent payment date.
Before the first day of the new tenancy, the tenant must pay the first months rent to Openrent, less the holding deposit they have already paid. Future rents can either be paid to Openrent using their rent collection service, or directly to you. Thats your choice.
It is a bit messy, but I have done it with two of my long standing tenants whom I wanted to bring onto the portal.