What’s the Rush ? Prospective tenants that may spell trouble !
Picture this. As a real estate negotiator you have been given the responsibility to market and advertise the properties given by the seller or landlord. So you happily place the relevant information on the available property platforms with the aim to generate enquries. One day, you received a call. A really serious prospect in search of a home urgently. As part of your due diligence, you screen through the prospect as best as you can and concluded that he is a perfect fit to rent the property. You then excitedly inform the owner and all the transaction process was concluded within two days, including collection of full deposits and signing of tenancy agreements. Case closed. Tenant moved in. Landlord is relieved that the property is finally rented out to help with loan repayment. And of course as the closing negotiator, you are rewarded with your agreed professional fees. Moving forward 4 to 6 months, you get a frantic call from the Landlord. Distressed over unpaid rent for