DEPOSITS
Holding Deposit
Once an offer has been agreed in principle subject to contract and references, a holding deposit of one week’s rent will secure the property for the tenant for a period of 14 days after payment. The holding deposit will be deducted from the first rental payment.
If any prospective tenant provides false or misleading information as part of their application, does not have the right to rent in the UK, withdraws from the agreement or fails to take all reasonable steps to enter into the tenancy agreement within the 14 day period then the holding deposit will be retained by Hurford Salvi Carr.
If the landlord withdraws from the proposed tenancy or fails to take all reasonable steps to enter into the agreement within the same period then the holding deposit will be fully refunded to the prospective tenant.
Security Deposit (Tenancy Deposit)
If the tenancy is an Assured Periodic tenancy and the agreed rent is under £50,000 per annum then a deposit equivalent to 5 weeks rent is required. Should the agreed rent be over £50,000 per annum or a non-Housing Act Tenancy then a deposit equivalent to 6 weeks rent is required.
The deposit is required to be secured against tenancy breaches including dilapidations and unpaid bills. In most cases the deposit will be held by Hurford Salvi Carr as stakeholders and will be refunded within the appropriate timeframe at the end of the tenancy subject to any deductions. For Assured Periodic Tenancies, Hurford Salvi Carr are members of The Dispute Service (TDS) and deposits shall be registered with them. Any dispute over the deposit between the landlord and tenant which is brought to the agent’s attention within 30 days of the end of the tenancy will be immediately referred to:
The Dispute Service Limited
PO Box 1255
Hemel Hempstead
Herts, HP1 9GN
T 0845 226 783
DURING THE TENANCY
Utilities
The Tenant is responsible for all utilities associated with the property including Electricity, Gas, TV Licence, Cable/Satellite, Water, Council Tax and Broadband/Telephone service unless otherwise stated.
Replacement of Keys or Security Devices
Should the Tenant lose, misplace or damage any keys or security devices, Hurford Salvi Carr reserves the right to charge up to £50 or all reasonably costs incurred for replacement of the keys/security devices.
Late Payment of Rent
Hurford Salvi Carr reserves the right to charge 3% above the prevailing Bank of England base rate after 14 days on any late payment of rent.
Variation of the Tenancy Agreement
If the Tenant requests any changes to the Tenancy Agreement and the Landlord agrees to such changes, Hurford Salvi Carr reserves the right to charge up to £50 to administer a variation of the Tenancy Agreement. Should our reasonable costs exceed £50 we will notify the Tenant in advance.
TENANT PROTECTION
Hurford Salvi Carr is a member of ARLA Propertymark which is a client money protection scheme, and also a member of The Property Ombudsman which is a redress scheme. You can find out more details on our website www.hurford-salvi-carr.co.uk or by contacting us directly.