When you rent a property via Homebase Property Management the following fees should be taken into account.
Before the Tenancy:
Reservation fee of one week’s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
If you believe you may have any adverse credit history or CCJ’s it is important you inform us prior to the referencing being undertaken. Failure to do so will risk losing your reservation monies.
Deposit Five weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.
Once you have decided to rent a property references will be taken and you will need to provide details of your Employer, Landlord and Bank. A credit check will also be carried out and this is done through address history so you will be required to provide proof of address(s) for this period, ie a bank statement, utility bill, mobile phone bill. In certain circumstances a Guarantor may be required.
Upon receipt of satisfactory references we will confirm details of the tenancy and detail monies which will be due prior to the commencement of the tenancy. This will be the first month’s rent & Deposit
The Deposit is calculated at 5 week’s rent and will be transferred and registered with TDS Custodial for the duration of the tenancy.
Arrangements will be made for you to come into the office, prior to the commencement of the tenancy, to sign the tenancy agreement and related paperwork. An inventory clerk will go through the inventory and schedule of condition of the property, agree meter readings and release keys to you on the day you move in.
At the end of your tenancy an appointment will be made on the last day of your tenancy for the inventory clerk to carry out an inventory check out, agree meter readings and collect all keys to the property – you must therefore be ready to vacate the property.
If the property is left in good order, wear and tear accepted, we will arrange for the refund of your deposit as soon as possible.