Terms and Conditions
How Much is the Holding Deposit
The Holding Deposit will be equal to one week of the agreed rental (eg £1000 x 12 = £12000 / 52 = £230.77). This will be asked once your offer has been accepted by the landlord.
What will happen now I have paid the holding deposit?
Once you have paid the holding deposit then we will send you a online application form to be filled in and also email you a blank standard tenancy agreement with the terms on there for you to read. Once this is complete, we will go ahead and gather your references. Once referencing is complete then we pass these on to the landlord and once we get confirmation from the landlord, we will email you out the final copy of the tenancy agreement to sign. Your holding deposit then will go towards the balance of the first months. You will need to pay the remainder balance of the first month’s rent and one month’s deposit via bank transfer before moving in. Once this is done you will receive a call from the inventory clerk to arrange a time for the check in on the day.
When will a Holding deposit be retained?
Your holding deposit will be retained if you provide false or misleading information on your reference form, fail a right to rent check, withdraw from a property, fail to take all reasonable steps to enter into a tenancy and the landlord or agent takes all reasonable steps to do so.
Simple Estate Agents will take up references based on the details you have supplied us on the online application. These references may be passed on to the Landlord so they may grant a tenancy. Simple Estate Agents will not pass on Bank statements and payslips to landlords.
Before the tenancy can begin you will be required to provide us with photo ID (passport) and any other references.
You will need to pay before the tenancy starts one month’s deposit in addition to the months’ rent.
At the beginning of the tenancy you will be notified by Simple Estate Agents in writing of who is holding the deposit and who is responsible for protecting the deposit with a suitable tenancy deposit scheme.
All deposit deductions must be agreed by both tenant and landlord in writing at the end of tenancy. The tenancy agreement is between the landlord and tenant and thus Simple Estate Agents cannot be held liable for any deductions.
At the end of the tenancy the deposit will be forwarded to your forwarding address once Simple Estate Agents can confirm all damage costs and bills are paid. We recommend tenants do not expect the deposit to be returned on the day of checkout and allow for 5 working days at least.
The first rent payment must be paid in cleared funds before you move in. Thereafter the rent is payable by standing order (unless agreed otherwise) to arrive on the date due on the tenancy agreement. This may, even may making sure the rent leaves 3 days early to arrive on the date due on the tenancy agreement. Any late rent payment once you move in will be charged with interest of 3% above the bank of England base rate once the rent is 14 days of arears.
Our Inventory clerk will contact prior to your move in date to arrange a time to meet you at the property to go through the inventory and hand over the keys. The inventory will usually be emailed over to you in the next 48 hours and you will have 5 days from the start date to notify of any mistakes on the inventory in writing. If we do not receive any correspondence from yourselves within five days, you will be deemed to take the inventory as legally binding.
On the check-out we advise you to make yourself available for the check out to avoid any possible...