Following your viewing, a holding deposit equivalent to one week’s rent is payable. This holding deposit ensures the property is held for you for a maximum of 15 days while you supply your application documents for processing and no further viewings will be taken whilst processing of your application is underway.
If the Landlord is unable to proceed, he holding deposit will be refunded in full. The holding deposit will be forfeited if the applicant:Withdraws from the tenancy before the agreements are signed. Fails a Right to Rent check as agents and landlords cannot lawfully let a property to somebody that doesn't have the right to live in the United Kingdom. Provides false or misleading information. This does not mean failing referencing. If a tenant provides completely accurate information, but still fails referencing, that will be classed as the landlord or agent pulling out and the holding deposit must be returned. However, if it is evident that false or misleading information has been provided, the holding deposit will be withheld.Does not enter the agreement by the deadline. If the applicant does not supply all required application paperwork in a timely manner, so that processing can be completed by the 15-day deadline; they would forfeit the holding deposit. We recommend submitting all supporting documents within 5 working days.
A security deposit is required and is capped at five or six-weeks’ rent, depending on the annual aggregate rent of the property. Your security deposit must be protected by your agent or the landlord via a government approved tenancy deposit scheme. Details of the elected scheme for each property are available upon request and will also be confirmed at your sign-up appointment.
Keys: Cost to be covered directly by tenants. The cost to replicate/replace keys, gain access to the property or change locks due to sets being locked in the property, misplaced or stolen must be arranged between the tenant and a locksmith/competent company or contractor; the cost of which will be payable by the tenant directly.
Replacement of damaged or misplaced security fob or key: £50.00 inclusive of VAT. Unless supplied by a building management company whose charge is higher; in cases such as this the tenant must cover the full cost of replacement.
A variation to the contract: £50.00 inc VAT. For example, to allow:
- Pets to be kept in the property
- A change of sharer in a joint tenancy
- Permission to sub-let
- Permission for a business to be run from the property
- Or any other amendment which alters the obligations of the agreement
Default fee for late payment of rent: Chargeable from 14 days arrears calculated on the interest at 3% above Bank of England base rate on the late payment of rent for each day that the payment is outstanding.
Surrender of tenancy: Rental payment to the date that a replacement tenancy commences, or an early termination date agreed by the Landlord + re-letting cost capped at £150.00 inc VAT. If a replacement tenancy cannot commence before the end of the fixed term contract, the payment due would be for rental payment to the end of the fixed term contract only; the re-letting cost of £150.00 inc VAT would not apply in this case.
Please note: The surrender of tenancy charges will not apply if you are exercising a break clause in the contract which permits you to leave before the end of the fixed-term contract (provided that you have given notice as required by the terms of the agreement).
Sellectlets Ltd (trading as Sellect Homes) is a registered member of The Property Ombudsman redress scheme. Membership number: R00645
Sellectlets Ltd (trading as Sellect Homes) is a registered member UKALA client money protection scheme. Membership number: 188368