Why do you not accept reservations on a property more than 30 days before the tenancy start?

  1. The landlord may be reliant on income from rent for living expenses, their pension or to pay a mortgage so may not want to be without this income for too long
  2. Having a property empty for long periods heightens risks (e.g. squatters) and may invalidate the landlord’s insurance if it includes a clause limiting the number of days it should be unoccupied for
  3. Under Tenancy Deposit legislation the landlord must (complying with the initial requirements of the scheme) protect Tenancy Deposit monies with an authorised scheme within 30 days. The Holding Deposit paid as part of a reservation forms part of the Tenancy Deposit giving the landlord or agent just 30 days to protect the Deposit monies or return it to the applicant/tenant
  4. The longer the time period between a reservation and the proposed tenancy start, the more likely the tenancy will not start due to a change of circumstances or change of mind of the landlord or tenant

Reference

Housing Act 2004, Chapter 6, Part 4, Section 213

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