Once a property has been selected and the rental price agreed, a holding deposit of one weeks rent will secure the property for the Tenant. The holding deposit will be deducted from the first months rent.
If any Tenant provides false or misleading information, does not have the right to reside in the UK, withdraws from the proposed Agreement, or fails to take all reasonable steps to enter into the Tenancy Agreement, then the holding deposit will be retained by Hurford Salvi Carr.
If the Landlord withdraws from the proposed Agreement or fails to take all reasonable steps to enter into the Tenancy Agreement, then the holding deposit will be fully refunded to the Tenant.
Security Deposit (Tenancy Deposit)
If the agreed rent is less than £50,000 per annum a deposit equivalent to five weeks rent is required. Should the agreed rent be in excess of £50,000 per annum then a deposit equivalent to six weeks rent is required.
The Security Deposit is required to be paid against dilapidations and any 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 short-hold Tenancies, Hurford Salvi Carr are members of the TDS (Tenancy Deposit Scheme). Any dispute over the deposit between the landlord and Tenant which is brought to the agents attention within 30 days of the end of the Tenancy will be immediately referred to:
The Dispute Service Limited
PO Box 1255
Herts, HP1 9GN
T 0845 226 783
DURING THE TENANCY
The Tenant is responsible for all utilities associated with the property including Electricity, Gas, TV Licence, Cable / Satellite, Water, Council Tax and Broadband / Telephone services 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.
Change of Tenant
Should the Landlord agree to a change of Tenant, the outgoing Tenant will be responsible for all reasonable costs incurred by Hurford Salvi Carr and/or the Landlord in consideration of administering the request.
Early Termination of the Tenancy
Should the Landlord agree to an early termination of the Tenancy, the Tenant will be responsible for any financial loss suffered by the Landlord and all reasonable costs incurred by Hurford Salvi Carr in consideration of administering the early termination.
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.