Property News · March 30, 2015

A year's rent upfront – how the wealthy tenants of London's West End get ahead


High-end estate agent says fierce competition and desire for anonymity are leading to rents being paid in advanceWealthy tenants are increasingly paying tens of thousands of pounds in rent before they even move in, according to a letting agent specialising in London’s most upmarket neighbourhoods, with one paying more than £1m upfront to secure a home for a year. Related: Housing: are we reaching a tipping point? | Zoe Williams Continue reading…

Source : theguardian.com
Read more…A year’s rent upfront – how the wealthy tenants of London’s West End get ahead