Coady Phillips adhere to the Tenants Fee Act 2019 and to follow are the permitted payments from 1st June 2019
Upon applying to take up a tenancy with us you will be required pay a holding deposit of no more than one weeks rent to reserve the property.
The Holding Deposit will be repayable to you within 7 days for the following reasons
(i) from when the parties enter into the tenancy agreement unless the tenant has agreed in writing for the Holding Deposit to be put towards the balance of monies payable
(ii) if the landlord withdraws
(iii) if an agreement is not reached before the Deadline for Agreement or the agreed extended date and the tenant is not at fault, or
(iv) if the landlord or the agent breaches the fee ban or acts in a way that it would be unreasonable to expect the tenant to enter into a tenancy agreement (i.e. unfair terms, harassment etc)
The only reasons we as agents for the landlord will retain the deposit are
(i) the tenant withdraws their application
(ii) the tenant doesnt take reasonable steps to enter into the tenancy
(iii) the tenant fails a Right to Rent check
(iv) the tenant provides misleading information that affects their suitability to rent a property
Upon a successful application being approved by Coady Phillips tenants will be required to upon signing tenancy agreements pay a deposit of no more than five weeks rent and the first months rent in advance.
Fees payable during the tenancy
(i) To replace keys lost by the tenant
(ii) £50 for the replacement of a tenant mid tenancy
(iii) All contractual payments to include all utilities including water and energy suppliers and TV licence
Coady Phillips have a CMP (client money protection policy) with Client Money Protect membership no 006733 and are also a member of The Property Ombudsman Scheme (TPO), which is a redress scheme. All deposits are protected under the two following schemes The Dispute Service (TDS) and Deposit Protection Service (DPS)
