Conditions of Booking
Agency Fee of £50.00 per person To be paid on property reservation to cover administration expenses, including referencing, tenancy agreement, inventory.
Deposit £250.00 per person Part paid on initial reservation and the balance to be paid within two weeks (payment extension dates for balance payments can been given depending on an individuals circumstances). Initially this is a reservation deposit and held as such until the tenancy commencement. Once the tenancy commences the deposit shall be held throughout the term of the tenancy as security for compliance by the tenant of their obligations under the tenancy agreement, it will be held by dezRez in accordance with the tenancy deposit protection scheme for the duration of the tenancy. When all students have vacated the property at the end of the tenancy a final inspection will be completed at the house, providing all is in good order as at the commencement and tenancy obligations as per the contract have been fulfilled, deposits will be refunded to your home address.
Reservation Terms
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DEPOSIT & RENTALS MONTHLY IN ADVANCE
Reservation Payment: £200.00 per person (Part Agency Fee/Part Deposit) Once the reservation payment has been received from ALL group members the property will be placed on reserve. THIS IS NON-REFUNDABLE IF YOU CHANGE YOUR MIND.
Balance of Deposit: Balance of deposit (usually £100.00) to be paid within two weeks (payment extension dates for balance payments can been given depending on an individuals circumstances). Initially this is a reservation deposit and held as such until the tenancy commencement. Once the tenancy commences the deposit shall be held throughout the term of the tenancy as security for compliance by the tenant of their obligations under the tenancy agreement, it will be held by dezRez in accordance with the tenancy deposit protection scheme for the duration of the tenancy.
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NO DEPOSIT & RENTALS 2 MONTHLY IN ADVANCE
Reservation Payment: £200.00 per person* Once the reservation deposit has been received from ALL group members the property will be placed on reserve. THIS IS NON-REFUNDABLE IF YOU CHANGE YOUR MIND. *Part Agency Fee/Balance Offset on Mnth1 rental once booking complete
Balance Reservation: Equivilent to balance of mnth1 rental to be paid within two weeks (payment extension dates for balance payments can been given depending on an individuals circumstances).
Inclusive Rentals: Rentals are inclusive of utilities (as specified) and are payable termly in advance [monthly payment available by prior arrangement]. All rentals due by 01 September must be paid in full by all group members prior to anyone moving in, thus to allow collection and clearance prior to the tenancy commencement rentals are due on 01 August, subsequent payments are due from 01 October. Termly payments are due as follows: By 01 October, Term 1 01 November to 31 January: 3 Months; By 01 February, Term 2 01 February to 30 April : 3 Months, By 01 May, Term 3 01 May to 31 July : 3 Months
Exclusive Rentals: Rentals are exclusive of utilities (unless otherwise arranged) and are payable termly in advance [monthly payment available by prior arrangement]. All rentals due by 01 September must be paid in full by all group members prior to anyone moving in, thus to allow collection and clearance prior to the tenancy commencement rentals are due on 01 August, subsequent payments are due from 01 October. Termly payments are due as follows: By 01 October, Term 1 01 October to 31 January : 4 Months; By 01 February, Term 2 01 February to 30 April : 3 Months, By 01 May, Term 3 01 May to 31 July : 3 Months
Administration charges are applicable for late payment of rent, if your loan is delayed inform us and make arrangements to avoid the additional administration charges. It is the tenants’ responsibility to keep us updated with their individual financial position (i.e. delayed receipt of grant or loan).
Tenancy Agreement: All properties will be let for a term of ELEVEN months from 01 September to 31 July. The tenancy will be joint and several (holding the whole group or several members responsible for total rental and other liabilities). Within two weeks of the reservation date the group is required to arrange an appointment time for all group members to come and sign all legal documentation for the tenancy. Once the agreement has been signed all tenants will be legally bound for the full duration of the fixed term of the agreement.
Property: A full and detailed inventory accompanied by the relevant safety records will be provided to you on move in, you will need to check and agree this. In order to maintain good standards periodic routine inspections of the property are carried out. For the benefit of the whole group communal areas are expected to be kept clean and tidy - particularly kitchens and bathrooms. If this is not adhered to a cleaner will be instructed at the groups cost. All maintenance should be reported to us promptly and with the knowledge of the other group members.
