COSTS/CHARGES/CHANGES TO YOUR TENANCY EXPLAINED

HOLDING MONIES

When you decide to take a property, it is required that you place a holding amount of £100.00.

This will later go towards your rent.

A property is not taken from the market/put on hold/other viewings stopped until you put down the holding money.

You must also complete an application the same day.

Unless a date is agreed for when the references must be received, which will be by joint agreement between the applicant/s and landlord, the holding money can only be kept for 15 days. It must then be returned to you within 7 days if the landlord backs out.

Repayment does not need to be in full if the tenant backs out of the tenancy agreement themselves, fails right to rent checks, has provided false or misleading information, or where the landlord tries their best to get the information needed but the tenant fails to provide it within the 15 days.

Should you withdraw from taking the property or it is found that you have knowingly made false statements in your application, or fail referencing, you will lose the holding money.

Should your application not be successful for any other reasons, such as the landlord declines your application, takes the property off the market this fee will be refunded in full.

PLEASE NOTE THAT THE LANDLORD IS UNDER NO OBLIGATION TO INFORM THE AGENT OR APPLICANT AS TO THEIR REASON TO DECLINE AN APPLICATION.

DEPOSIT

A deposit payment is usually equivalent to 5 weeks rent. This is noted in your application. Any deposit taken will be registered with a deposit scheme. You will be given the details of the scheme and the scheme rules at the time of signing your tenancy.

Some landlords do not request deposits and some accept paper Bonds form the Local Authority in lieu of a deposit.

You may wish to utilise the services of a Deposit Replacement Service.

UNPAID/LATE WITH YOUR RENT

For late payment of rent, a charge 3% above the Bank of England base rate in interest on the late payment of rent from the date the payment is missed can be charged.

OTHER CHARGES

Should you require a VISA letter, there is a charge of £30 including VAT.

Further copies of the tenancy (you are given one at the start of the tenancy), there is a charge of £5.00 including VAT.

If you cancel a pre-arranged appointment for a contractor or agent to attend, with little or short notice, you may be charged (reasonable notice to change the appointment is accepted). This will be the invoice the contractor or agent bills us/your landlord.

For the loss of keys, the landlord will charge the reasonable cost that they can evidence in writing, such as invoice from a contractor.

PLEASE NOTE THAT THE AGENT OR LANDLORD DOES NOT HAVE TO PROVIDE A SERVICE FOR LOST /BENT/BROKEN KEYS.

CHANGES TO YOUR TENANCY

If you terminate your agreement prior to the end date, you will be charged for the loss incurred.

PLEASE NOTE THAT THE LANDLORD/AGENT DOES NOT HAVE TO AGREE ANY CHANGES TO YOUR TENANCY WHICH IS A LEGAL BINDING DOCUMENT.

Properties To Rent by Ash Residential, Manchester