why do you show that you remember?

Showing properties that have been "let" can help prospective tenants and others interested in local rental markets to see how the market is performing. A prospective tenant who sees that many outstanding opportunities are quickly converted to "agreed rent" will at least know what he or she is up against. In simple terms, there is a big difference between a "Let Agreed" and a "Let" property. The term "Let Agreed" means that a tenant has shown a serious interest in a property and has made a verbal offer to let it.

This initial offer will have been accepted in principle by the landlord or letting agent and, as a demonstration of the tenant's commitment, the tenant will have been asked to pay a refundable deposit to reserve the property, whilst the necessary reference checks are carried out. The deposit is limited to one week's rent in the case of fixed-term tenancies. Agreed tenancy is a term used to explain that a tenant has been found for a property and the terms and conditions have been agreed. As a result, the prospective tenant will deposit a bond to guarantee that the landlord or letting agent will "hold" the property for them.

Basically, the deposit is like a "reservation fee". The agreed rent is almost the equivalent of "sold subject to contract" when buying a property. Even if a property says "rented subject to agreement", the property will still appear on the market for some reasons. The "agreed rent" means that a prospective tenant has expressed a desire to rent the property in question, has made a verbal offer and the landlord has accepted it.

The tenant will also deposit a deposit to pass the property to Let Agreed, but the agreement is not yet finalised. Anything can happen, so a property in "agreed tenancy" is not officially off the market. As there is no legal obligation on either side, things can fall through at any time. There are a few things that can make this good faith agreement fall apart.

Generally speaking, yes, most will. They usually like to show a rented property, as it means they are good at renting properties and will attract more business. An agreed tenancy is when a prospective tenant has indicated that they would like to rent a property and has verbally committed to renting it. However, the process is far from complete.