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Letting agent tells tenant there's a better offer...and keeps £350 deposit

Figures released on Friday by LSL property Services show average rent is four per cent higher than a year ago, at £684 a month. Rental properties are also being snapped up within 15 days on average, five days fewer than a year ago, according to national letting agent Countrywide.

Tenants must plan carefully to give themselves the best chance of securing the property they want. in one example of gazumping reported to Financial mail, a young professional from south-west London paid a nonrefundable holding deposit of £350 to a letting agent to secure a property. Read More: 

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