A holding deposit of one week’s rent to reserve a property. The Landlord’s final acceptance of your offer will be subject to your satisfactory references.
Your holding deposit will be handled as follows:
If the Tenancy goes ahead, this holding deposit becomes part of the Tenancy Security Deposit (see below).
Please be advised that we will be unable to refund your holding deposit in the following cases:
(a) You decide not to proceed with the rental of the property and withdraw your application for any reason other than the Landlord's rejection of your offer.
(b) Your references are deemed to be unsatisfactory by a professional reference check company.
(c) Your references are found not genuine or include any type of false information.
If the Landlord decides not to let the property to you for any reason other than those mentioned above, the holding deposit paid will be refunded to you less the cost of any reference checks carried out.
In the event that Tempocasa is required to return the Holding Deposit to you this will be by bank transfer or cheque (please allow 4 to 5 working days for this to clear).
Please ensure you can provide full references or alternatively apply via a UK Guarantor. Tempocasa can obtain credit/reference checks via a professional referencing company at a cost specified later. Please note: this service is mandatory for Guarantor applications, but optional for standard tenant applications.
Tenancy Security Deposit
A security deposit equivalent to five weeks’ rent (six weeks’ rent when the annual rent is in excess of £50,000)
Contract variation, amendment or change of occupant at the tenant’s request within an existing tenancy - £50
Default fees for lost keys or other security devices – Current cost of the replacement
Default fees on late and/or unpaid rent if rent is more than 14 days overdue – 3% above the Bank of England base rate