Tenants

Holding Deposit

• A holding deposit is required to reserve a property. This is 1 week's rent and will be deducted from your first month's rent or tenancy deposit upon signing the tenancy agreement.
• If your application is successful and you proceed with the tenancy, the holding deposit will be credited to your first payment.
• Refunding the Holding Deposit:
• The holding deposit will be refunded within 7 days unless:
  • You withdraw from the tenancy before signing.
  • You fail to pass the Right to Rent check.
  • You provide false or misleading information that affects your eligibility for the property.
  • You fail to sign the tenancy agreement within 15 days of the holding deposit payment (unless agreed otherwise).

Tenancy Deposit

• Charge: As a security deposit for the property.
• Amount: 5 weeks' rent is to be paid
• Note: If a holding deposit has already been paid, only an additional 4 weeks' rent is required to complete the total deposit.
• We are a member of Client Money Protect, ensuring your deposit is safeguarded.

Rent in Advance

• Charge: There’s no limit to how much rent in advance can be charged, but no extra fees can be hidden as "rent in advance."

Late Rent Payment Fee

• Charge: If rent is more than 14 days late.
• Amount: 3% APR above the Bank of England base rate.
• Note: This fee will only be charged if stated in your tenancy agreement, and either the landlord or agent (not both) will charge this.

Ending Tenancy Early

• Charge: For agreeing to end your tenancy early.
• Amount: Covers any loss of money or reasonable costs incurred by the landlord or agent.
• Note: Tenants are liable to pay rent until the agreed end date, even if they move out earlier, unless a new tenant is found.

Changing or Transferring Tenancy

• Charge: For changing a term in your tenancy or transferring it to someone else.
• Amount: Up to £50 can be charged.
• Note: You can be charged more than £50 if the landlord proves the change costs more than this.

Damage to Property

• Charge: If damage is caused to the property.
• Amount: The landlord may keep part or all the deposit or seek further costs through legal means.

Lost Keys or Fobs

• Charge: The cost of replacing lost keys or fobs.
• Amount: Based on the reasonable cost of replacement.

Process to rent out a property:

• Please call or email us your interest and share us the basic details which are asked. Please ensure to be honest while sharing your information
• Fix a convenient time for viewing
• Call / email us if you are interested to proceed

If Applicants are interested to rent a property after viewing and if approved, the applicant is required to provide: -

• Full name, Email addresses and contact numbers
• To allow us to take a property off the market and reserve it for you we would require a deposit as mentioned in the tenant fee section.

For referencing, applicants are also required to provide the following information, which are appropriate to their circumstances: -

• Recent landlord/letting agent reference
• Last 3 months of current account bank statements and payslips
• UK visa (applicable for applicants outside UK)
• Photographic ID (passport or driving licence)
• If self-employed - Employer/accountant reference on letter head stating job title, contract length and annual income
• Guarantor details (address proof, payslips, bank statements)

Once all relevant references are received and we have a date of check in agreed, we will provide the lease and tenancy documentation for signing.