Before you move in

Holding deposit per tenancy

A holding deposit is taken in order to secure the property during the reference process. It also serves as a guarantee to the contract holder that the landlord will hold the property for them pending a successful reference. This payment is payable in advance.

A Holding Deposit is equivalent to 1 weeks rent. Calculation – Monthly rent divided by 4.35.

This can be retained if you provide false or misleading information to View2rent. View2rent/landlord is reasonably entitled to consider in deciding whether to grant the tenancy as a result:

• If you decide to withdraw before the occupation contract is signed.
• If you fail to take all reasonable steps to enter into a occupation contract by a given date.

Once a successful reference has been obtained, the holding deposit will be put towards the first month’s rent.

Deposit/ Bond

This is equivalent to one month’s rent + an additional £100. This is paid on the day you move into the property in cleared funds and in addition to your first month’s rent. The deposit will then be held with the Tenancy Deposit Scheme for the duration of the tenancy and with no interest payable to either party.

Pet deposit: £100 per pet in addition to the deposit/bond and is due in cleared funds on the day you move into the property.

Rent: First month’s rent is due in cleared funds at the start of the tenancy.

During your tenancy; what you will or may be charged for

Early termination fee (Contract Holders request): Should the contract holder wish to be released from their fixed contract early, they shall be liable to the landlord’s costs in re-letting the property (2 weeks rent + vat @ 20%. Subject to a minimum fee of £375 + VAT (£450 inclusive). Rent is required until the new tenancy starts. Early termination is subject to the landlord’s agreement.

Unpaid rent: Rental payments overdue by more than 7 days will be subject to interest at the rate of 3% over the bank of England base rate, calculated from the date the payment was due, up until the date payment is received.

Utilities: A fair proportion of all charges, based on the length of their occupation of the dwelling, including water and sewerage charges (but of an annual or recurring nature only) and for all gas, electricity, oil or solid fuel consumed on the dwelling (including all fixed and standing charges, and including any Green Deal costs) and all charges for the telephone and broadband charges during this contract. If the landlord is held responsible for the payment of any of these bills, the contract-holder agrees to refund to the principal contact the amount covering these bills.

Keys: the actual costs, reasonably incurred, of changing, adding or removing any lock or replacing any keys or security devices arising if it is the contract-holder’s fault, or the fault of an invitee of the contract-holder, that such action is required.

The contract-holder must: perform and observe all valid obligations of any head-lease or covenant on the dwelling, a copy of which has been provided to the contract-holder, save for those relating to the payment of rent or service charges and to refund to the principal contact all actual costs, reasonably incurred, resulting from all claims, damages, costs, charges and expenses whatsoever in relation to any breach of these obligations.

The contract-holder must: not cause obstruction in any common areas of any building of which the dwelling forms a part. The principal contact reserves the right to remove or have removed any such obstruction and, at their discretion, to charge the actual costs, reasonably incurred, payable on demand, to the contract-holder for so doing.

The contract-holder must: undertake promptly any repairs for which the contract-holder is liable following any notice being served by the principal contact and if the contract-holder does not carry out the repairs the principal contact may, after correct written notice, enter the dwelling, with or without others, to effect those repairs and the contract-holder will pay on demand the actual costs, reasonably incurred, involved.

The contract-holder must: not make, or permit, any changes to the electrical installation, for example by changing light fittings, switches or adding sockets. Any changes made in breach of this clause may compromise electrical safety and may require an electrical check and / or remedial works, the actual cost, reasonably incurred, the contract-holder may be liable for.

The contract-holder must: ensure the oven door is shut when using the grill, where an oven grill is designed to be used with the door shut. Failure can cause damage to surrounding cupboards and the oven itself. The principal contact reserves the right to repair, at the contract-holder’s expense, any doors, units, drawer fronts or the oven itself, where the finish has been so damaged. The costs will be limited to the actual costs of effecting the repair.

The contract-holder must: not use toasters and kettles directly underneath kitchen wall units. Such use can cause damage to surrounding cupboards. The principal contact reserves the right to repair, at the contract-holder’s expense, any units, doors or drawer fronts where the finish has been damaged. The costs will be limited to the actual costs of effecting the repair.

The contract-holder must: The contract-holder agrees that all improvements, alterations, fixtures and internal finishes and additional services made or installed by the contract-holder remain with the dwelling to the benefit of the landlord. This does not prevent the landlord charging for restoring the dwelling back to the condition it was at the commencement of the original occupation date, fair wear and tear excepted.

The landlord will maintain a comprehensive insurance policy with a reputable company to cover the dwelling, and the landlord’s fixtures, fittings, furniture and effects (including carpets and curtains), but not including the contract-holder’s belongings or liabilities for damage. This obligation will not override the responsibility of the contract-holder to pay damages for breach of contract as claiming on insurance will increase the landlord’s premiums.

In consideration for the landlord granting the contract-holder an occupation contract of the dwelling, the guarantor agrees to pay the principal contact for any reasonable losses suffered because of the contract-holder failing to fulfil any of their obligations under either of these two contracts or failing to pay rent or other monies lawfully due.

The guarantor agrees to pay, on demand and in full, any overdue rent or other monies lawfully due under these two contracts, until vacant possession is given to the principal contact.

The guarantor agrees to make payments lawfully due under this guarantee even after the contract-holder has returned possession of the dwelling to the landlord or the occupation contract has ended.

The landlord may charge a reasonable fee for providing a further written statement.

VAT is payable at the prevailing rate (currently 20%) on all our fees. If the VAT rate changes, the price charged will change accordingly.