A holding deposit of the equivalent of ONE WEEKS’S RENT to secure your interest in the property until all checks have been completed will be required.
Should referencing be successful and contracts are to go ahead with move in, the holding deposit will be transferred to your account with us and held towards the initial first month’s rent unless otherwise agreed
The holding deposit will not be refunded and used instead to cover our costs, if any of the below conditions apply:
• False, inaccurate, missing, or misleading information is supplied by you
• Failure by the applicants, or their referees, guarantors (or other third party supplied by you and relating to your application) to complete the process and sign any Tenancy agreement within 14 days from the date of application (You must ensure that you advise all contacts beforehand that they will be contacted). Should we need to extend this deadline, we will email you to confirm and, in any event, when we inform you that references are complete, the deadline for contract signing will extend by one week (i.e. total 21 days from payment of the holding deposit).
• No legal authority to rent (Failing Right to Rent Checks)
• You and/or any of your co-applicants decide to withdraw from the process after this application is submitted to us.