Deposits
Holding Deposit – 1 Weeks Rent
We ask for a holding deposit to secure the property in your name whilst referencing is completed – application forms must be submitted at the same time.
If the landlord or agent withdraws the offer, the holding deposit will be refunded, unless the offer is withdrawn as a result of false or misleading information supplied the applicant.
Security Deposit – 5 Weeks Rent
This deposit is held to cover outstanding rent, missing items, damages and dilapidation incurred from any breach of the tenancy agreement.
Permitted Payments
Lost Keys
The cost of admin and/ or fuel to source and replace the item – £15 – Plus Cost of replacement parts
Rent Arrears – Unpaid rent / arrears
Tenants will be charged interest on their arrears – 3% Above Bank Of England Base Rates
Update / Change of Contract
If a tenant request a variation to the contract providing the landlord is in agreement – £50 – Plus VAT
