CITY PROPERTY LETS

City Property Lets Ltd

Terms and Conditions

DEPOSIT To secure any property a deposit equivalent to a months rent is payable this is non refundable unless your application is refused. The deposit is refundable at the termination of the tenancy in accordance with the tenancy agreement and subject to any deductions. Please note that interest is not paid on deposits held. Accommodation is not considered let until all deposits are fully paid.

RESTRICTIONS may apply to certain properties i.e. relating to pets and smokers, or the deposit may be increased accordingly. All applicants must be over 18 years of age.

AGENCY FEES City Property Lets Limited charges 33% + VAT of a full month's rent agency fee upon acceptance of any accommodation provided either directly or indirectly by City Property Lets Ltd. This amount is required to cover administration costs, costs of credit references, other references and all necessary paperwork.

ADMINISTRATION CHARGES An administration charge will be made of £70.00 including VAT per person for producing a new tenancy agreement at the expiration of the initial term.

ADDITIONAL CHARGES City Property Lets Limited reserves the right to make additional charges should rent payments be 14 days late or more as appropriate, i.e. to cover the cost of additional administration and court costs, or any other costs incurred in dealing with breaches of the tenancy agreement or call outs. Our hourly rate will be £40.00 per hour plus VAT. Refunding of overpaid standing orders may also incur charges. Other charges may be levied for copy tenancy agreements, references for mortgage companies as necessary.

NOTICE Should a tenant need to serve notice prior to the expiration of the initial term then they may be held liable for re-letting expenses incurred.

PROPERTY DESCRIPTIONS City Property Lets Ltd undertakes to give a reasonable description of properties and contents, but will not be held responsible for any errors or omissions.

TENANCY AGREMEENTS A Draft copy of the tenancy agreement is available at City Property Lets Ltd offices or by fax. Should you have any queries regarding the agreement please seek independent legal advice prior to signing the agreement.

KEYS Keys to the property will not be released until all paperwork has been completed i.e. all parties to the tenancy agreement have signed, standing orders completed, references obtained, guarantor forms returned and all initial payments made.

RESPONSIBLITIES It is important to make sure that all meters are read at the commencement of the tenancy by the tenants and that a note is kept of the readings, you must then contact your chosen service provider to apply for the service. We cannot be held liable for any service not connected on the move in date.

INSURANCE Contents insurance is a requirement of the tenancy agreement.

GUARANTORS Guarantors may be required under certain circumstances i.e. for students, guarantors are reminded that they will be signing a legally binding document and must be aware of their obligations should tenants default on their payments or if the property is damaged.

INFORMATION HELD The information collected here will be secured by City Property Lets Ltd under the terms of the Data Protection Act (1988).