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Having chosen a property to rent you will be required to complete an application and provide 2 forms of identification (one should bear a photograph). You will also be asked to pay a holding deposit of £250 and an administration fee of £60 (including vat) per applicant.
References will be sought from your employer and landlord and your credit file will be searched by a licenced credit referencing agency.
Upon receipt of satisfactory references you will be asked to sign an Assured Shorthold Tenancy Agreement and you will be advised how much deposit and rent is due, along with details of how and when it should be paid.
The only routine fee required by Inter-let is the initial administration charge of £60 (inclusive of VAT).However, if you don’t leave the property in a condition as outlined in the Inventory you will be charged for the time taken to restore the property to its pre-tenancy state. Our current hourly rate is £24(inclusive of vat).
The Tenancy Deposit Scheme
The deposit is, on average, 1.5 times the monthly rental. The purpose of the deposit is to cover damage to the property over and above normal wear and tear and/or any rent arrears or costs incurred as a result of a breach of the contract.
The 2004 Housing Act prevents landlords from holding their own deposits. As Inter-let is a member of the Tenancy Deposit Scheme, all deposits relating to Assured Shorthold Tenancies will be held under the rules of the TDS. Deposits relating to tenancies which are not Assured Shorthold Tenancies are not part of the scheme but will be dealt with along the principles of the scheme.
At the end of the tenancy we will check the property carefully. We are required to agree deductions between Landlord and Tenant and will do everything we can to reach agreement. If agreement cannot be reached the matter will be referred to the TDS for arbitration. Both landlord and tenant must accept the decision of the Independent Case Examiner.
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