Cancellation

  • Tenants having reserved a property cancel the reservation.
  • There is a short period of time during which certain tenants and especially students, look for a house with respect to the following academic year, say November to January.  The peak month is normally November.
  • Where a group firmly reserves a house and then cancels the reservation, agents may have little choice but to accept less than suitable substitute tenants to secure a booking.
  • This can cause considerable losses. By the time of the cancellation there may be a smaller pool of tenants to choose from.  This is because most student have now secured accommodation elsewhere leaving potentially unsuitable substitute tenants which letting agents or landlords may be reluctantly obliged to accept in the absence of choice  This may prove problematic and costly.  This can result in a cancellation fee.

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About the author

Bob

Formerly a student living in a rented room my vision focused on excellence. Letting phenomenal student houses soon became more than a day job - more a way of life.

Continuing to look after our tenants I subsequently also founded what is widely recognised as a phenomenal student lettings agency.