What does the first rent payment consist of?
If you're moving in at the beginning of the month, it will consist of paying that month's rent, a security deposit of one or two rents and the balance of the letting agent's commission.
If you are moving in the middle of the month, this will be a partial payment of the rent for that month, the rent for the following month, a security deposit of one or two rents and the balance of the estate agent's letting commission.
Almost every one of these amounts is sent to a different account. Our statistics show that a third send all the amounts to the same account or send them differently than we ask.
Please get out of the statistics and take a moment to pay attention to where you are sending the money. It is your money after all and you don't want it wandering where it shouldn't.
If you are renting a property as a private individual, please follow these instructions:
If you are renting a property as a company or with an ID number, we have other bank accounts for you, which can be found at the bottom of the page.
For all payments, it is important to quote the correct variable symbol that has been allocated to you as a subtenant on your registration certificate and sublease agreement.
Without a variable symbol it is very difficult to trace your payment, especially if it is sent in instalments or in a different amount than prescribed, for example. Yes, this also happens to us. Because payments are automatically matched by our information system, you could start receiving reminders for unpaid rent even if you are a fair tenant.
Reminders for unpaid rent are chargeable, so it is best to create a standing order for the amount on the register with the correct variable symbol and a note that it is a rent payment, if applicable, immediately with your first rent payment. This will give you more visibility and certainty about where and when your money is going.