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Tenant



Why should you let your property through Mark-Nicholas Estates Limited?

Not only do we have an extensive range of properties available to let, our professional and friendly staff are always on hand to assist you making the letting process as easy, quick and as smooth as possible.


Viewings


If you wish to view any of our available properties which suit your requirements, a viewing can be arranged at a time to suit you. An experienced member of staff will attend the viewing allowing any questions or queries you may have to be answered in person.

Applying For A Property


Application forms will be provided at the viewing appointment for all applicants which need to be completed and received by our office along with appropriate Photographic Identification and, from 1st June 2019, a holding deposit equal to one week's rent.  Once these have been received by our office, this will reserve the property for you which, during this time, all other viewings will be on hold for 15 days.

Once your application is accepted (within the 15 day deadline) the holding deposit can either be refunded, or used towards the rent or security deposit.

If Mark-Nicholas Estates Ltd or the Landlord withdraws, the holding deposit is fully refundable within 7 days.

If the Applicant(s) withdraws during the application process, the holding deposit is non-refundable.

If the Applicant fails a Right to Rent check, the holding deposit is non-refundable.

If the Applicant(s) provides false or misleading information, the holding deposit is non-refundable.

If the Applicant(s) do not enter the agreement by the 15 day deadline, the holding deposit is non-refundable.

References


As our company policy, we are required, on behalf of the Landlord, to carry out full reference checks.

These include:
  • A credit search of all applicants, including any guarantors if necessary.
  • A full employer’s reference.
  • A full current and/or previous Landlord reference.
  • Photographic Identification is also required (passport and/or driving license).


Fees & Charges

  • A holding deposit (up to 1 week's rent)
  • A tenancy deposit of 5 weeks' rent
  • A payment of up to £50 inc VAT to alter the tenancy agreement, when requested by a tenant, or reasonable costs incurred if higher
  • Interest at a rate of 3% above the Bank of England’s base rate, for late payment of rent (which is more than 14 days overdue)
  • A payment of £15 inc VAT for the replacement of a lost key or security device
  • Payments associated with early termination of the tenancy when requested by the tenant
  • Payments to service providers in respect of utilities, communication services, TV licence and council tax
  • Other payments, permitted under appropriate legislation, including damages

 

Rent


Rent is due, in advance, per calendar monthly and is paid via standing order which is set up on the day you commence your tenancy. Your rent is then paid from your bank account directly to ours ensuring peace of mind that your rent is paid on-time.

Deposit


A deposit is always required on any of our properties and is equal to 5 weeks rent. This is paid on the day you commence your tenancy and is held in a recognised government scheme if the property is managed by us. If the property is not managed by Mark-Nicholas Estates Ltd, your deposit is passed to the Landlord to place in a recognised government scheme.

A deposit is required to cover any damages, cleaning expenses or breakages, etc once you vacated the property.


Vacating Your Rented Property


A full one months notice in writing is required when you want to vacate your rented property. This needs to be received before your rent date at least one full month before you wish to leave. 


 
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