Post # 1
<div>DH and I have decided to move closer to the city to reduce our commute times. </div>
<div>We looked at a place on Saturday and handed the application in on the spot. We included payslips, a rental ledger and all our ID. </div>
<div>The real estate called me today and said he needed to see our bank statements. I sent those through and he sent an email saying “do you have any other savings? I don’t even see how you could afford the bond”. </div>
<div>I called and explained: </div>
<div>1) our savings are in shares and sent through a screenshot showing $18,000 in shares</div>
<div>2) we net $5500 a fortnight and can EASILY afford the rent. </div>
<div>3) we already offered more money than the asking price</div>
<div>He said that he is just ticking the boxes and wanting to give the owner as much information as possible. He asked us to pay the bond this week ($3000) and forward date the lease until the available date which is 31st of August. </div>
<div>Is this unreasonable? We already agreed if we were accepted we would pay a holding fee of $1300 and sign the lease and pay the bond two weeks in advance. </div>
Post # 2
dannielle89: Guess this depends how badly you want this place. I would not want to deal with an agent like that. As long as your payslips reflect you earn enough for the rent, I do not see what business it is of his what you have in savings… Maybe things are different here in South Africa though. Here you pay the deposit which I assume is the bond there to secure the property and sign the lease agreement when you do so his request does seem reasonable to me, however, his attitude would put me off…
Post # 3
I think it entirely depends on where you are. If the rental market is rough, like where I am, then you pretty much have to do what ever they ask to secure a good place.
As far as the extra information they are just looking to see if you can still afford the rent if something happens, like one of you losing your job or getting pregnant. The higher the rent the more likely they are to ask for such stuff because lets face it the court system can really screw rental property owners. It took me 8 months to be able to evict non-paying renters from one of the rental properties I own and I never saw a penny of the rent they owed. And landlord insurance is a bit of joke as well when it comes to paying out for what they call squatters.