renting property
Holding Deposits
A Lettings Consultant will help you fill in the Tenancy Application.
A holding deposit of £200 (Minimum amount - sharers
/ students are required to pay a higher holding deposit) will
secure your chosen property, subject to contract.Your deposit
will be returned in full if the owner is unable to proceed
with the letting.
Holding deposits are calculated on a sliding scale as follows:
Standard minimum holding deposit: £200 per individual/couple/family
£100 per person for 3 and more adults.
Costs, Timescales
Allow a minimum of 5 working days between placing a holding
deposit and moving into your home, subject to the date the
property is available. Before you move in you will need to
sign the Tenancy Agreement and pay at least one month's rent
in advance, a similar sum as a security deposit and an Administration
Fee:
One Adult Applicant: £110
plus VAT
Two Adult Applicants: £160 plus VAT
Three Adult Applicants: £210 plus VAT
Each additional adult: £50 plus VAT
This must be paid before or when signing the Agreement by
Bankers Draft, Building Society cheque, Switch/Delta or Visa/Mastercard
(there is a small surcharge of 1.55% for payment by credit
card). There are normally no other costs incurred at the end
of the tenancy unless cleaning or repair is needed.
References & Guarantors
You will need to provide certain information to complete
your Tenancy Application Form. For example, we require references
from your employer and, where applicable a previous landlord.
If you are self-employed we will need a reference from your
chartered accountant. If you are a student you will need a
guarantor such as a parent, relative or close friend who will
guarantee the rent and adherence to the Terms and Conditions
of the Agreement. Companies seeking properties for their staff
will need to provide bank chartered accountants and solicitors
references.
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