£200 fixed on the basis this is always lower than one weeks rent which is the maximum allowable.
The property will be reserved once a holding deposit is paid, subject to references.
The holding deposit will be returned to the tenant within 7 days if their application is unsuccessful.
Once the tenants sign and begin their tenancy agreement the £200 holding fee will be deducted from the total move-in monies.
The £200 will be returned if the landlord withdraws from the agreement.
The agent can retain the deposit if;
1., The tenant withdraws their application.
2., The tenant fails their Right to Rent check.
3., The tenant doesn't take reasonable steps to enter into the tenancy.
4., The tenant provides false or misleading information which affects their suitability to rent the property.
1 months rent in advance, or whatever has been agreed prior to commencement of the tenancy.
5 weeks rent if the rent is up to £50,000 per year
6 weeks rent if the rent is more than £50,000 per year
The deposit can be used to cover the cost of damages or defaults on the tenancy.
Interest is payable by the Tenant at a rate of 3% above the Base Rate of The Bank of England on a daily rate once the rent is over 14 days late.
£50 inc VAT can be charged if;
1., The tenant(s) requests a variation to the agreement.
2., Change of tenant on the agreement.
3., Addition of any clauses e.g pet clause.
Charges that can be passed to the tenant
Replacement of keys and/or locks.
Gas, Electric, Fuel, Water, Council Tax, TV license and any other utility charge that may be applicable is to be paid by the tenant throughout the tenancy term unless agreed otherwise.
If the tenant wishes to terminate the tenancy early, the tenant shall pay the rent until a replacement tenant is found and also bare the cost of the landlord re-letting fees in accordance with Danson Property Services terms of business. Such fees shall not exceed the amount of the remaining rent of the tenancy.
Danson Property Services are part of the tpo (The Property Ombudsman) which is a redress scheme.
Please note that lettings agents are required by law to publish on their websites information for potential tenants about relevant fees, redress schemes and client money protection schemes (including the names of those schemes). Relevant fees must also be published on third party websites, such as Rightmove. For properties to rent in England and Wales, details of the agent's membership of any redress scheme and client money protection scheme must also be published with their fees on Rightmove. It is the agent's responsibility to ensure that all relevant information is provided to Rightmove and is up to date and accurate. If the relevant information does not appear here, the agent may have included it within the property description.
We have Client Money Protection Insurance(CMP). Click here to view member requirements