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If the landlord or agent withdraws the offer, the holding deposit will be refunded, unless the offer is withdrawn as a result of false or misleading information supplied the applicant.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.
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