When a rental property is marked as "let agreed," it means that a tenant has shown serious interest in the property and has put in a verbal offer to rent it. This initial offer will have been accepted in principle by the landlord or letting agent, and as a demonstration of the tenants commitment, the tenant will have been asked to pay a refundable holding deposit to reserve the property while the necessary referencing checks are carried out. Once all of those checks have been conducted, the landlord and letting agent are satisfied with the results, and the tenant has agreed to all the terms and conditions associated with renting that property, the agreed let will be able to proceed to completion. A tenancy agreement will then be drawn up, signed by all parties, and the keys handed over ready for move-in day. It should be noted that not all lets that have been agreed in principle will proceed to completion, but the majority will do. Therefore, a property marked as "let agreed" is not legally binding, and the deal is not yet finalized. However, it does mean that another tenant has shown a strong interest in the property and that they are in the process of being checked out by the landlord offering the home. So, while they are theoretically still available, in reality, theyre probably not going to be before too long.