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When you pay a holding fee to hold an apartment until they run the credit check, can they raise the monthly amount?
They also have a clause saying that the holding fee and credit check cost cannot be refunded if you pass the credit check and refuse the rental. Also when I asked to speak to a manager, they said there was not a manager because she had just retired.
3 Answers
- Anonymous5 years ago
Unless you signed a contract saying otherwise, yes they can raise prices.
You can seek help from the cities Tenant Ombudsman in the City Hall, if your area has one. OR a Lawyer.
A "holding fee" (aka deposit) is an amount of money that is forfeit when the buyer/renter reneges on a deal. It is to protect the Seller/Leasor from financial loss.
IF the deal is bogus, it might be a scam. The Police Bunco Squad and/or District Attorney might be interested in it. It might even be of interest to the State's Attorney. Check out the Better Business Bureau too.
Someone is always running the office, if not a manager, then the chief clerk or Owner.
- Jeff TLv 65 years ago
The rent amount should have been included in the contract you signed when you gave them the holding fee.
As for the clause that says if you pass the credit check but then refuse the apartment then they keep the holding fee, that's completely ethical, and is what the holding fee is in fact, designed for.
