The Good Estate Agent – Tenant Costs
When you let a property there are various costs involved.
An initial holding deposit equivalent to one months rent is payable upon application. On successfully passing the referencing this deposit will be added to your deposit or rent required for the property.
Holding deposits are limited to a maximum of 1 week’s rent and subject to statutory legislation on the repayment of this should the tenancy not go ahead.
The landlord has 15 days to make a decision once a holding deposit is taken.
If the tenancy does not go ahead we will repay the holding deposit in full within 7 days of the deadline being reached or the landlord backing out.
If you, the tenant, back out of the tenancy agreement, fail right to rent checks, have provided false or misleading information, or where the landlord /agent tries their best to get the information needed but you fail to provide it within the 15 days then the holding fee may be retained and the application cancelled.
The Good Estate Agent is a Propertymark ARLA member. We hold client money protection as part of this membership under scheme reference C0127678.
Our redress scheme is provided by the Property Ombudsman.
For properties in Wales The Good Estate Agent is also a member of Rent Smart Wales.