In the competitive rental market, it's not uncommon for multiple offers to be submitted for a single property. At Property Genius, we have a transparent and fair process to handle such situations, ensuring that both landlords and tenants are treated equitably.
How Are Offers Reviewed?
All offers received are forwarded to the landlord for consideration. The landlord evaluates each offer based on various factors, such as the proposed rent, move-in date, length of tenancy, and the financial stability of the applicants. We also advise landlords on anti-discrimination policies to ensure a fair selection process.
First-Come, First-Serve Basis
In cases where multiple offers are similar in strength, the property may go to the candidate who pays the initial holding deposit first. This deposit is equivalent to one week's rent and is credited against your move-in money.
Communication is Key
We understand that submitting an offer can be a nerve-wracking experience, especially when multiple offers are on the table. Rest assured, we keep all parties informed throughout the process, notifying you as soon as the landlord makes a decision.
By being transparent and communicative, Property Genius aims to make the offer process as smooth and stress-free as possible for both landlords and tenants.