Declaration Form
Holding Deposits
The holding deposit is equal to one weeks’ rent and reserves the property for you. This will be withheld if the applicant(s) or any relevant person (including any guarantor(s)):
- withdraws from the tenancy
- fails a right to rent check
- provides materially significant false or misleading information
- fails to sign the tenancy agreement (and/or deed of guarantee) within the Deadline for Agreement of 30 days or other date as agreed in writing
Your holding deposit will be held until the tenancy start date and will be used towards the rent in advance.
Security Deposits
The security deposit is equal to one months’ rent and covers damages and defaults on the part of the tenant during the tenancy.
It will be reimbursed to you at the end of the tenancy, subject to the details of your agreement and the findings of the inventory check-out report.
In line with legislation, your deposit will be protected by a third party as part of the Tenancy Deposit Scheme (TDS).