Standard Fees & Terms for Tenants
Once you have found your ideal property through us we will ask you to provide a non-refundable holding deposit of £400.00, which will be included as a part payment toward the security deposit but which not be refunded in the event that you subsequently pull out of the Tenancy before the Tenancy Agreements have been signed.
As soon as your offer has been accepted by our landlord, we begin the referencing process.You will be asked to complete our Homelet reference form with your personal details and provide a clear photocopy of your passport or EU driving license and a copy of a current utility bill at your present address from all adult tenants in order to comply with current EU money laundering legislation.
Payment of rent
The first instalment of rent must be paid in cleared funds when you sign the tenancy agreement. Thereafter, rent is payable by standing order (unless agreed otherwise) to arrive on the due date as stated in the Tenancy Agreement.
Check-in and check-out
Windmill Residential will be instructed by the landlord as to what arrangements are to be made for the inventory and check-in. We advise you to make yourself available for the check-in and check-out.
YIt is your responsibility to insure your own belongings throughout the tenancy. We will be happy to provide details of an insurer who specialises in tenants’ contents insurance
Changes To The Tenancy
In some cases, the Tenants may wish to substitute a new tenant for an existing one, add an additional tenant or reduce the number of tenants on the Tenancy. These changes are subject to approval by the landlord and our administration fees for processing any new Tenants’ references, redrawing the Tenancy Agreement, TDS Prescribed Information and re-registering the deposit in the revised names will be as follows:
For each new tenant added to the Tenancy
£ 60+vat per tenant (£72 including vat)
In all cases where the Tenancy documents need to be redrawn and signed
£ 75+vat per change (£90 including vat)
In some cases, we understand that tenants may need to vacate a property and end a Tenancy earlier than the contracted date. Although no automatic facility exists within the Tenancy Agreement to do this, if your landlord agrees for us to re-market the property, your liability for the payment of rent and bills will end once a new tenant is found and moves in. However, in this situation, you will be charged a fee of half of one month’s rent + vat (60% of one month's rent including vat) to cover the landlord's fees for the remainder of your tenancy term and any additional changeover fees which would not otherwise have been incurred by the landlord at that time.
Administration and Reference Fees
Our reference / administration fees for tenants are among the lowest in London. An administration fee of £70+vat (£84 including vat) per adult applicant, with a minimum of £150.00 + vat (£180 including vat) will be payable with the holding deposit on submission of your offer to rent a property. This fee will be non refundable as soon as your references have been submitted to Homelet for processing.
A deposit equivalent to 1.5 months’ rent must be paid in cleared funds when you sign the tenancy agreement and is held by Windmill Residential as Stakeholder for the duration of the tenancy in accordance with the terms of the Tenancy Agreement. Windmill Residential is a licensed member of ‘The Dispute Service’ Tenancy Deposit Scheme and your deposit will be registered at the start of the Tenancy. Your £400 holding deposit will count towards this.
Renewal of tenancy
You will be contacted in advance if you wish to extend your tenancy. If the tenancy is renewed, we will make a charge of £50 (£60 including vat) per adult applicant with a minimum charge of £80+vat (£96 including vat), to cover our associated administration costs.
Management of the property
At the start of the tenancy we will advise you who is responsible for managing the property. This is not always Windmill Residential. Where we are not managing the property we cannot authorise any repairs or maintenance or guarantee the speed at which repairs will be carried out. Where we are managing the property, we will usually have to obtain the landlord's consent before proceeding with a repair. Where we manage a property and hold keys, we can usually provide access to Windmill Residential contractors (with your permission). However, where we do not hold keys or the contractor is not willing to collect keys, it is your responsibility to provide access.