Close Search
 
to
 
 

Tenant Holding Deposit and other costs

Share:

 
Refundable Holding Deposit:
 
Calculated as 1 weeks rent of the properties total rental value

A tenant is required to pay the holding deposit to demonstrate a commitment to rent the property whilst referencing checks take place.


Basis where the holding deposit is refundable:
 
  • If the tenant enters into a tenancy agreement with the property, the holding deposit paid will be used towards the first month's rent.
  • If Delaney's or the Landlord decide not to rent the property, the full holding deposit is refunded.
  • If Delaney's or the Landlord imposes a requirement that is deemed unreasonable to expect a tenant to enter into the tenancy agreement i.e. unfair terms, the full holding deposit is refunded.
  • If an agreement is not reached before the deadline for agreement (15 days after a deposit has been received), and the tenant is not at fault.

Basis where the holding deposit is NOT refundable:
 
  • If the tenant provides false or misleading information which reasonable affects Delaney's or the Landlords decision to let the property to them.
  • If the tenant fails a right to rent check.
  • If the tenant withdraws from the proposed agreement or chooses not to let the property.
  • The tenant fails to take all reasonable steps to enter an agreement (responding to requests for information required to progress the agreement).

Other tenancy costs:


The Rent:
 
In accordance with the signed Tenancy Agreement

A Refundable Tenancy Deposit

A tenancy deposit is security for the performance of any obligations, or the discharge of any liability arising under or in connection with the tenancy for example in case of any damage or unpaid rent at the end of the tenancy.

 
1 months rent protected in accordance with the signed Tenancy Agreement

Changes to Tenancy Agreement:

Where a tenant requests a change to the Tenancy Agreement

 
£50 including VAT

Early Termination of Tenancy Agreement:

Where a tenant requests to leave before the end of the Tenancy Agreement. The tenant is responsible for the costs to cover the financial loss that a Landlord has suffered as a result of the tenant leaving the property early.

 
  • The tenant would be liable for the rent that the Landlord would have received before the tenancy reaches its end, or until a suitable new tenancy has started.
    Rent due for remaining tenancy period or other reasonable costs associated with your early termination of the tenancy.

Council Tax, Utility and Communications Services:
 
Tenants are responsible for paying bills in accordance with the Tenancy Agreement.

Default Fees:

For late payment of rent.

For replacement of lost key/security device.

 
  • The tenant will be charged for late payment of rent.
    Payment of Interest for late rent payment levied after 14 days arrears and charged at 3% above Bank of England APR for each day payment is outstanding
  • The tenant will be charged the reasonable costs for replacement keys / security device.