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Charles Perrett Property Ltd.

Swansea's National Award Winning Property Agency

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Student Holding Fees For Rented Property (Summer Retainer)

21/12/2016 16:44

Tom Perrett  explains student holding fees during vacation time.

Holding Fees For Student Properties

The holding fee, sometimes known as a summer retainer, there’s lots of different terms for it (at Charles Perrett we call it the holding fee), it’s to reserve the property for July and August and it is an industry standard. 

Obviously, those who come to us to move in at the end of August, so need a room straightaway, don’t have to pay a holding fee.  If your booking in advance to get the best property, as ultimately the best properties go first, then you'll pay a holding fee to secure that property. 

And although the tenancy of the old tenant will end on June 30th, in the event of them having re-signed, there is sometimes the option to pay the other part of the rent and stay in the property.

So those two half months, with the wear and tear that properties get with students living in them, that time is used to:

  • decorate
  • improve
  • change carpets for laminate
  • and generally keep raising the standard of our clients’ portfolios

 

so the students have a better living experience, because nobody wants to live in a poorly maintained house; everyone wants to live in a lovely, modern, cool environment.

Further Information


Charles Perrett Property Ltd
6 Walter Road
Swansea
SA1 5NF
Tel: 01792 652 620

Pembroke Office
Rainbolts Hill Farm
Roach
Pembrokeshire
SA62 6AF
Tel: 01437 807790


Back to blog ....
Call Us today on 01792 652 620
Charles Perrett Property Ltd. 6 Walter Road, Swansea, SA1 5NF
Charles Perrett is an award-winning Swansea Letting Agent specialising in Student Accommodation in Swansea, Property Sales and Investments, Property Management, Property Maintenance Including Residential and Commercial Cleaning, Construction and Development and HMO Licensing Work.
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Student Holding Fees For Rented Property (Summer Retainer)

21/12/2016 16:44

Tom Perrett  explains student holding fees during vacation time.

Holding Fees For Student Properties

The holding fee, sometimes known as a summer retainer, there’s lots of different terms for it (at Charles Perrett we call it the holding fee), it’s to reserve the property for July and August and it is an industry standard. 

Obviously, those who come to us to move in at the end of August, so need a room straightaway, don’t have to pay a holding fee.  If your booking in advance to get the best property, as ultimately the best properties go first, then you'll pay a holding fee to secure that property. 

And although the tenancy of the old tenant will end on June 30th, in the event of them having re-signed, there is sometimes the option to pay the other part of the rent and stay in the property.

So those two half months, with the wear and tear that properties get with students living in them, that time is used to:

  • decorate
  • improve
  • change carpets for laminate
  • and generally keep raising the standard of our clients’ portfolios

 

so the students have a better living experience, because nobody wants to live in a poorly maintained house; everyone wants to live in a lovely, modern, cool environment.

Further Information


Charles Perrett Property Ltd
6 Walter Road
Swansea
SA1 5NF
Tel: 01792 652 620

Pembroke Office
Rainbolts Hill Farm
Roach
Pembrokeshire
SA62 6AF
Tel: 01437 807790


Back to blog ....
Call Us today on 01792 652 620
Charles Perrett Property Ltd. 6 Walter Road, Swansea, SA1 5NF

Charles Perrett is an award-winning Swansea Letting Agent specialising in Student Accommodation in Swansea, Property Sales and Investments, Property Management, Property Maintenance Including Residential and Commercial Cleaning, Construction and Development and HMO Licensing Work.

Sitemap | Terms & Conditions | Privacy Policy | Cookies Policy

© Charles Perrett Property Ltd 2017. All rights reserved. Powered by BaySoft