Overview
5 weeks rent as a deposit for annual rents up to £50,000 – held with the Deposit Protection Service
6 weeks rent as a deposit for annual rents over £50,000 – held with the Deposit Protection Service
£100 holding fee or 1 weeks rent (whichever is the lesser amount), this goes towards your first months rent that will be due in advance. Should you not want this to go towards the rent please let MMS know. Should tenants change their mind this fee is non returnable.
Checks
Should tenants fail the right the right to rent check or fail to provide reasonable information required within 14 days to enter a tenancy. the £100 fee is non returnable from day 15.
Tenants need to provide information that they have a legal right to reside in the UK, therefore we will request copies of documents that prove this information, normally in the form of a passport or Visa.
Please note we will carry out the following checks and providing deliberate false or misleading information could jeapordize the return of the holding fee should a tenancy not start.
Credit checks – any County Court Judgements in the last 6 years either settled or not will not pass referencing. Any IVA’s or Bankruptcy orders will fail referencing.
Landlord reference – A detrimental Landlord reference will fail referencing.
Income reference – Household income will need to be 2.5 times the annual rent or a suitable guarantor will be required. Landlords do not have to accept Guarantor applications.
Guarantor referencing – All guarantor will have to pass a credit check and have no adverse credit and the income used will be 3 times the annual rent.
Income Reference and Guarantors
Household income from employment will need to be 2.5 times the annual rent or a suitable guarantor will be required.
Guarantors income needs to be 3 times the annual rent to pass referencing and guarantors will need to have a good credit file with no County Court Judgements, IVA’s or Bankruptcy.
Other Charges
£50 charge will apply if you request a name change from the original tenancy agreement.
Rent arrears – Interest will be charged on rent arrears after 14 days 3% above the current Bank of England base rate.
All tenants are responsible for for council tax, utility bills, TV Licence, TV subscriptions including phone and internet unless otherwise stated in the agreement.
Tenants are responsible for the cost of replacement keys and locks should the tenant lose these and is unable to gain access to the property. An accurate up-to-date cost will be provided at the time, or the tenant can instruct their own locksmith to do this.
If a tenant wants to terminate the agreement early and the Landlord agrees, the tenant would be liable for rent up to 48 hours before a new tenant moves in.
MMS Sales and Lettings are proud members of The Property Ombudsman – registered name is Medway Mortgage Shop Ltd.
We are also members of a client money protection scheme via the National Federation of Property Professionals – Scheme number C0005850. Click here to view our certificate.
Overview
5 weeks rent as a deposit for annual rents up to £50,000 – held with the Deposit Protection Service
6 weeks rent as a deposit for annual rents over £50,000 – held with the Deposit Protection Service
£100 holding fee or 1 weeks rent (whichever is the lesser amount), this goes towards your first months rent that will be due in advance. Should you not want this to go towards the rent please let MMS know. Should tenants change their mind this fee is non returnable.
Checks
Should tenants fail the right the right to rent check or fail to provide reasonable information required within 14 days to enter a tenancy. the £100 fee is non returnable from day 15.
Tenants need to provide information that they have a legal right to reside in the UK, therefore we will request copies of documents that prove this information, normally in the form of a passport or Visa.
Please note we will carry out the following checks and providing deliberate false or misleading information could jeapordize the return of the holding fee should a tenancy not start.
Credit checks – any County Court Judgements in the last 6 years either settled or not will not pass referencing. Any IVA’s or Bankruptcy orders will fail referencing.
Landlord reference – A detrimental Landlord reference will fail referencing.
Income reference – Household income will need to be 2.5 times the annual rent or a suitable guarantor will be required. Landlords do not have to accept Guarantor applications.
Guarantor referencing – All guarantor will have to pass a credit check and have no adverse credit and the income used will be 3 times the annual rent.
Income Reference and Guarantors
Household income from employment will need to be 2.5 times the annual rent or a suitable guarantor will be required.
Guarantors income needs to be 3 times the annual rent to pass referencing and guarantors will need to have a good credit file with no County Court Judgements, IVA’s or Bankruptcy.
Other Charges
£50 charge will apply if you request a name change from the original tenancy agreement.
Rent arrears – Interest will be charged on rent arrears after 14 days 3% above the current Bank of England base rate.
All tenants are responsible for for council tax, utility bills, TV Licence, TV subscriptions including phone and internet unless otherwise stated in the agreement.
Tenants are responsible for the cost of replacement keys and locks should the tenant lose these and is unable to gain access to the property. An accurate up-to-date cost will be provided at the time, or the tenant can instruct their own locksmith to do this.
If a tenant wants to terminate the agreement early and the Landlord agrees, the tenant would be liable for rent up to 48 hours before a new tenant moves in.
MMS Sales and Lettings are proud members of The Property Ombudsman – registered name is Medway Mortgage Shop Ltd.
We are also members of a client money protection scheme via the National Federation of Property Professionals – Scheme number C0005850. Click here to view our certificate.