Tenant Fees and Deposits
Equal to one weeks rent, this deposit will be taken to secure the property and the application process will begin. The holding deposit will be held for 15 calendar days (unless explicitly agreed) in order to complete all tenancy related documents. We have the right to hold the deposit if any relevant person (including the guarantor) withdraw from the tenancy, fail the Right-to-Rent check, provide false & misleading information throughout the application process or fail to sign their agreement (and/or Deed of Guarantee) within the timescale provided. If the applicant is successful the holding deposit will be refunded to the relevant person within the first 7 days of the commencement date of the tenancy.
An amount equating to 5 weeks rent will be taken to cover any damages, defaults, and issues relating to the tenancy during or at the end of the tenancy.
Zero Deposit Guarantee (ZDG)
Deposit replacements are products that are designed to give you, as the tenant, more choice. Our landlords will accept a Zero Deposit Guarantee. You purchase the Zero Deposit Guarantee, which costs the same as one weeks rent, and this buys the landlord the same cover as a security deposit.
If there are any deductions Zero Deposit uses TDS, one of the government-backed schemes, decides what you are responsible for. Zero Deposit then pays the landlord and you pay Zero Deposit. For more information on ZDG please visit www.zerodeposit.com
Variation of Contract
The agreement can be altered at the Tenants request for a fee of £50 (inc. VAT) per agreement. this is to cover the preparation and execution of the document as well as taking landlord’s instructions. Change of sharer at the Tenants request will be charged at the same rate.
Lost Key(s) or other Security Devices
Tenants are liable for their own access keys / devices for their property. If the locks need to be changed as a result of lost keys and security devices the cost for this will need to be covered by the Tenant. Extra costs may be charged at a rate of £15 per hour.
Any unpaid rent will be charged at 3% interest above the Bank of England Base Rate from the due date until it is paid.