Refundable

Holding Deposit:

Calculated as 1 weeks rent of the properties total rental value

A tenant is required to pay the holding deposit to demonstrate a commitment to rent the property whilst referencing checks take place.

Basis where the holding deposit is refundable:

• If the tenant enters into a tenancy agreement with the property, the holding deposit paid will be used towards the first month’s rent.
• If Delaney’s or the Landlord decide not to rent the property, the full holding deposit is refunded.
• If Delaney’s or the Landlord imposes a requirement that is deemed unreasonable to expect a tenant to enter into the tenancy agreement i.e. unfair terms, the full holding deposit is refunded.
• If an agreement is not reached before the deadline for agreement (15days after a deposit has been received), and the tenant is not at fault.

Basis where the holding deposit is NOT refundable:

• If the tenant provides false or misleading information which reasonably affects Delaney’s or the Landlords decision to let the property to them.
• If the tenant fails a right to rent check.
• If the tenant withdraws from the proposed agreement or chooses not to let the property.
• The tenant fails to take all reasonable steps to enter an agreement (responding to requests for information required to progress the agreement).

Other tenancy costs:   

The Rent:

In accordance with the signed Tenancy Agreement

A Refundable Tenancy Deposit

A tenancy deposit is security for the performance of any obligations, or the discharge of any liability arising under or in connection with the tenancy for example in case of any damage or unpaid rent at the end of the tenancy.

5 weeks rent protected in accordance with the signed Tenancy Agreement

Changes to Tenancy Agreement:

Where a tenant requests a change to the Tenancy Agreement

£50 including VAT 

Council Tax, Utility and

Communications Services:

Tenants are responsible for paying bills in accordance with the Tenancy Agreement.

Default Fees:

For late payment of rent.

For replacement of lost key/security device.

• The tenant will be charged for late payment of rent.  Payment of Interest for late rent payment levied after 14 days arrears and charged at 3% above Bank of England APR for each day payment is outstanding
• The tenant will be charged the reasonable costs for replacement keys/ security device.