Holding Deposit

The Holding Deposit will be equal to one week of the agreed rental (eg £1000 x 12 = £12000 / 52 = £230.77). This will be asked once your offer has been accepted by the landlord. Your holding deposit will be retained if you provide false or misleading information on your reference form, fail a right to rent check, withdraw from a property, fail to take all reasonable steps to enter into a tenancy and the landlord or agent takes all reasonable steps to do so.

Deposit

You will need to pay before the tenancy starts one month’s deposit in addition to the months’ rent.

Rent Payment

The first rent payment must be paid in cleared funds before you move in. Thereafter the rent is payable by standing order (unless agreed otherwise) to arrive on the date due on the tenancy agreement. This may, even may making sure the rent leaves 3 days early to arrive on the date due on the tenancy agreement. Any late rent payment once you move in will be charged with interest of 3% above the bank of England base rate once the rent is 14 days of arears.

Changes to Tenancy

Once the tenancy starts there may be options to change the tenancy with the landlord’s consent. Changes could be changes to tenants’ names (subject to references), removing tenants from agreements, changes to rent due dates etc. If the landlord agrees then you will need to pay a fee of £50 (inclusive

of VAT) for the changes to be made.

Shops To Let in West Ealing, West London