When you have viewed a property and decided that it is the property for you, a holding deposit is required to put your offer forward to the landlord and following acceptance to take the property off the market. The Holding Deposit is equivalent to 1 weeks rent, which will be deducted from your first month’s rent.
All tenants will be required to enter referencing. Tenants will need to pay one month’s rent and one month’s damage deposit in advance.
All ID must be valid and all Proof of Address must be dated within the last 3 months before the date your contract begins. Tenants will be required to provide the following documents:
Proof of Address
Proof of local authority or state benefits:
Proof of Employment
Tenant Fees:The permitted payments are: Rent; Tenancy deposit (maximum five weeks rent where the annual rent is less than 50k and otherwise six weeks rent); Refundable Holding deposit (maximum one weeks rent). Refundable (subject to certain conditions) unless the tenant agrees that it can be used towards the tenancy deposit or first rent payment; Payment for loss of key/access device (limited to reasonable actual costs); Late rent payment fee where rent is overdue by more than 14 days. Limited to a maximum of 3% above the Bank of England base rate for each day payment is outstanding; Fee for variation of tenancy at the request of the tenant (limited to £50 or reasonable actual costs if higher); Fee for early termination at request of tenant limited to the actual loss (outstanding rent or less if a new tenant is found); Utilities, communication services and council tax not included in rent.
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