Having selected a property, you will need to put down a 'holding fee' of £250; to take the property off the market and hold it while references and searches are carried out. Once completed and accepted the £250 will then form part of the overall damages and dilapidation deposit upon moving into the property.
All applicants aged 18 years and older are required to successfully pass the reference criteria prior to entering into any Tenancy; and will incur a charge of £180 inc vat. Please note, in the event of declinature or withdrawal no explanation need be given by Belvoir and any administration charges are non-refundable. Where the property is managed by the agent, Tenants may be subject to a charge where a renewal Tenancy Agreement is offered and accepted of £100 inc vat . In relation to the end of the tenancy a charge of £50 inc vat will be deducted from the deposit in relation to the ‘check-out’.
BELVOIR! will take references on behalf of the landlord. This includes: Credit history checks, employer checks, former landlord check. In addition, a search of the adverse credit register and a search of the electoral roll register will be carried out.
In some circumstances where a person feels they may not pass the references for reasons such as low income to rent ratio, a guarantor can be used, or the rent may be paid in advance.
Rents are normally quoted on a calendar monthly basis. Rents are paid, monthly in advance, by standing order to the Belvoir Client account. The first months rent is to be paid, in cleared funds, prior to the start of the tenancy agreement.
A deposit equivalent to six weeks rent is also taken to cover any breakages, dilapidations or deductions due. The deposit is usually held by BELVOIR! Chelmsford as stakeholder in a secure client account until the end of the tenancy, and is returned at the end of the tenancy provided there are no damages etc