£100.00 (inc VAT) per application (for single or multiple applicants/persons)
The holding deposit will become payable as soon as the agent has received instructions from the landlord to proceed with your application/credit check. On receipt of payment you will receive an email from the credit check company and you will need to follow their link to complete the application process.
If the applicant takes the tenancy this will be refunded or used as part of the security deposit. If the applicant chooses not to take the tenancy for any reason the deposit will be retained by Tudor EA. If the applicants fail the referencing they will be entitled to the deposit provided they have provided correct information for the referencing. See below.
What happens to the deposit if you fail the referencing?
Failing referencing isn’t enough to withhold a potential tenant’s Holding Deposit
If a tenant provides completely factually and accurate information but still fails referencing, agents will have to still return the Holding Deposit. To withhold the Holding Deposit for a tenant providing false or misleading information, the agent must be able to prove that the tenant provided factually inaccurate information rather than the tenant made a mistake. For example, a potential tenant stating that their salary was higher than it actually is would be providing false or misleading information.
ALL APPLICANTS FOR TENANCIES ARE ADVISED TO READ AND BE AWARE OF THE CHARGES THAT MAY APPLY BEFORE, DURING AND AT THE END OF THE TENANCY
A list of these charges is available on our website huwtudor.co.uk, at our office and is included in the application form. Our charges have been reviewed in accordance with the RENTING HOMES (FEES ETC) (WALES) BILL