Payment at the time of making an application for a property, which will reserve the property whilst references and checks are being carried out.
If the application is successful, this deposit will be deducted from the one month’s rent due in advance.
If the application is not successful, however the prospective tenant has been honest in their application and has taken reasonable steps within a reasonable timeframe to try and secure the tenancy, then the holding deposit will be refunded within 15 days.
If the application is not successful due to misleading/false information provided by the prospective tenant with the application, or the prospective tenant does not take reasonable steps to secure the tenancy within a reasonable timeframe, then the holding deposit will not be refunded.
Rent in advance
Equivalent to one month’s rent
Payable if the application is successful and the prospective tenant is moving into the property. One month’s rent in advance to be paid in full prior to signing the tenancy agreement/move in.
Equivalent to one month’s rent (could be subject to increase in certain circumstances)
Payable if the application is successful and the prospective tenant is moving into the property. Equivalent of one month’s rent to be paid in advance prior to signing the tenancy agreement/move in. This amount could increase in certain circumstances as requested by the landlord such as pets being at the property. This security deposit will be secured with the Deposit Protection Service on behalf of the tenant.
Breaches of tenancy agreement
Unless the charges applied to the company/landlord exceed this, at which time the fee will change in accordance to the amount charged to the company/landlord
This fee will be payable whenever a tenant breaches their tenancy agreement. This will include any breach of the tenancy agreement as listed in the agreement itself, including (but not limited to) the following;