The first months rent is payable in cleared funds in advance of the commencement of the tenancy and monthly thereafter by standing order. Any missed payments during the term or standing orders not cancelled once a tenant has vacated will be subject to an administration charge at the discretion of Downer & Co (Lettings) Ltd. which will be charged at 3% above the bank of England base rate.
A deposit equivalent to 5 weeks rent is payable by cleared funds in advance at the start of the tenancy. The deposit will be held by Downer & Co (Lettings) Ltd under the terms of the Tenancy Deposit Scheme, unless otherwise stated. The deposit is held until the determination of the tenancy and returned subject to any dilapidation's assessed, dispute or outstanding accounts. In the event of a dispute the case may be referred to an independent assessment committee.
On agreeing the terms and conditions of the offer we will require a non-refundable reservation pledge of one weeks rent within 48 hours to secure the property. The property will only be removed from the market once this money is received and we will not show any further applicants the property during this 48 hour grace period. This pledge will be taken off the first months rent on move in. Notice is hereby given that the pledge will not be refunded in the event of the applicant withdrawing the application without valid reason, failing references or failing to disclose material facts that stop the application proceeding.
Downer & Co (Lettings) Ltd will take up references for each adult to be named on the tenancy agreement using a professional referencing company to investigate all applicants identity, financial, credit and employment status. Where appropriate they will also obtain Landlord references. In rare cases of failed references we will review the individual circumstance and may request full payment in advance or a guarantor.
CHANGING A TENANCY AGREEMENT
At the request of the tenant and agreement of the landlord changes may be made to the tenancy agreement during the term which require an addendum to the original agreement to be made. In this circumstance the tenant will be required to pay a fee of £50 inc VAT before any changes are administered
Unless otherwise stated the Tenant will be responsible for the payment of the water rates, council tax, gas, electricity, fuel, telephone, television licensing and any other additional services they choose to opt into.
EARLY TENANCY TERMINATION,
Should the tenant wish to leave their contract early there will be a fee of 60% inc vat of one months rent, Plus, all rent the tenant is still liable for until the end of tenancy or the agreed end date.
COMPLAINTS AND TENANT PROTECTION
In the event of a complaint you will be reassured to know that Downer & Co operates a Complaints Handling Procedure, approved by the Royal Institution of Chartered Surveyors and this includes the ability for redress Downer & Co (Lettings) Ltd is a member of the Tenancy Deposit Scheme - an approved scheme. and proud to be a member of Property Redress Scheme. Downer & Co (Lettings) Ltd is a member of the RICS Client Money Protection Scheme.