Deposits & Fees

Holding Deposit

You will be required to pay a holding deposit to secure the property you wish to rent. This holding deposit will be deducted from the deposit due when you take possession of the property.

In certain circumstances, should you fail the referencing process and were made aware of the criteria required for you to be an acceptable tenant then the holding deposit may be retained as work on your behalf will have been completed and expenses incurred.

Deposit

Before you take possession of your rental property you will be required to pay a deposit. This is normally 1.5 times the monthly rent. All deposits are held within the Deposit Protection Service (DPS) and are covered by mydeposits.co.uk.

The deposit required is in addition to the first month's rent and the holding deposit is deducted from the amount required with the balance being due before occupation can take place. These monies will need to be cleared funds prior to your move in date otherwise it may delay your ability to move into the property.

Tenant Fees

Please note that we do not charge fees to tenants. However, you will be required to pay for personal references and Bank reference.

The fees chargeable to the tenant are to cover the cost of us obtaining references, credit searches, preparation of the tenancy agreement and setting up the tenancy. Please contact us for further information.

Please note that reference fees are per person as we need to obtain references for each person moving on behalf of the Landlord.

Contents insurance

As a tenant your own personal possessions will be at risk, from fire, storm, water damage and particularly from theft whilst in your rented property. You may also suffer loss or accidental damage to your possessions whilst away from home. Whilst in your home you are legally responsible for your landlord's contents should the property you are renting be furnished or part furnished.

We recommend you obtain contents insurance to cover your belongings.

General Enquiry