Before the tenancy starts Reddington Homes the Agent
Holding Deposit: 1 week’s rent £253.84
Deposit: 5 weeks rent £1269.23
During the tenancy (payable to the Agent)
Payment of £25.00 if you want to change the tenancy agreement.
Payment of interest for the late payment of rent at a rate of 3% above the bank of England Base Rate.
Payment of £25 for the reasonably incurred costs for the loss of keys/security devices
Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy
Reddington Homes is a member of Client Money Protect CMP 005689, which is a client money protection scheme and also a member of The Property Ombudsman D14125, which is a redress scheme. You can find out more details on the agent’s website or by contacting the agent directly.
Our agency will not progress an application until the holding deposit has been paid and an application form is completed and returned by the applicant(s). To avoid unnecessary delays, it’s important that you return your application form(s) within 48 hours.
The holding deposit is the equivalent of one week’s rent, which once paid, is offset against the total balance due.
A tenancy cannot be completed until the agreed first month’s rent and bond are paid in full. On occasions, the Landlord may request a guarantor in order to offer a tenancy subject to referencing. The holding deposit is non-refundable should following referencing, it is discovered that key material facts have been omitted or prove false which then leads to the Landlord declining your application.
By paying the holding deposit, the property you have reserved will be taken off the market and all future viewings cancelled, and it is therefore deemed fair that the tenant will receive no refund should they later decide not to take up the tenancy or fail to move in on the agreed proposed check in date.
If the Landlord decides against proceeding with the tenancy, the tenant will receive a full refund of all monies paid.