A holding fee of one week’s rent is payable as a holding fee when an offer is put forward by a prospective tenant, this amount is then deducted from the balance of funds that is paid at move in however it is non-refundable if you cancel the transaction following referencing and paperwork being completed for the tenancy or if you fail the referencing process.
Your initial payment will be made up as follows:
Five week security deposit
One period’s rent in advance
You will be required to cover the following costs during the tenancy unless specifically agreed otherwise and stated in the tenancy agreement:
Installation of cable/satellite (if required and if permitted and agreed in advance by the
Subscription to cable/satellite
Insurance (for your personal contents, the landlord’s insurance will not cover your items)
The following will be applicable to your tenancy:
Rent Arrears – Interest will be charged at 3% above the Bank of England base rate for any rent which falls more than 3 days overdue
Mid-tenancy change of tenant – £50 including VAT charge
You are obliged to return the property at the end of the tenancy in the same condition that it is handed to you at the start of the tenancy which will be professionally cleaned, if you do not the cost of bringing the property back to that standard will be chargeable to your deposit.