Pre-Tenancy Fees
Holding-Deposit – Once you have located a property, we will require one week’s rent as a holding deposit to secure the property by removing it from the market. This deposit will be deductible from the balance of the security deposit when that is paid. It is only refundable if on our part or the landlords part, the tenancy cannot proceed.
Once satisfactory referencing is completed, these references may be passed to our client so that they can make a decision on granting a tenancy. Before the tenancy can proceed you need to provide us with a photo ID in the form of a passport or EU driving licence.
Security Deposit – A deposit equivalent to Five weeks rent must be paid in cleared funds before you sign the tenancy agreement. Where applicable, Salcedo & Company will secure the deposit monies with a deposit protection scheme on the landlords behalf. All deposit deductions must be agreed in writing by both landlord and tenant upon the termination of the tenancy. The tenancy agreement entered into is between the landlord and the tenant and, therefore, the tenant cannot hold Salcedo & Company liable for any deductions made from the deposit which may fall into dispute.
Fees During Tenancy
If you wish to change or remove any of the named tenants, this will require permission from the Landlord and drawing up of a Deed of Surrender of Tenancy. There will be a charge for this service of £50.
Post Tenancy Fees
Should you wish to terminate your tenancy before the end of the term and you are not exercising a break clause contained in your Tenancy Agreement, you will remain liable for rent until the expiry of a break clause or a new tenancy has begun thus releasing you from your tenancy obligations. In such cases, you will be responsible for the repayment of the pro-rata commission paid in advance by the landlord for the unexpired portion of the tenancy, deposit registration fee (£45), check in and inventory fee and potentially the difference in rent if the new tenancy is agreed at a lower rental value than your tenancy. Salcedo & Company reserves the right to change the schedule of fees and these terms of business upon providing reasonable notice in writing.