Compass are committed to helping you find the perfect property that meets your requirements andto make the letting process as smooth as possible.Tenancy Application / ReferencesOnce you are decided on a property, you will be given an application form to complete and be askedto provide information for reference checks. We will also discuss with the Landlord any queries orrequirements you may have.Security DepositBefore your tenancy commences you will be required to pay a security deposit. This deposit is passedto the Landlord for them to arrange for it to be protected. The deposit is held against any damagesor expenses arising during your tenancy and will not be released until after the property has beenreturned in an acceptable condition and all the rent has been paid up to date. No interest is payableto either party.Tenancy Deposit ProtectionWhen you pay a deposit, your Landlord must protect it using a government authorized tenancydeposit scheme. This is to ensure you all or part of your deposit back if due and any disputes willbe easier to resolve. Within 30 days of paying your deposit your Landlord is required to protectyour deposit and provide you with information on it. This includes the contract details of theTenancy Deposit Scheme and what to do if there is a dispute at the end of the tenancy.Inventory & Schedule of ConditionAn inventory and Schedule of Condition of the property, it’s contents, furniture, fittings and effectswill normally have been prepared. It is important that you take care in agreeing the inventory andSchedule of Condition as it will form the basis of any claim for damages by your Landlord, at the endof the tenancy. At the end of tenancy the inventory will be checked again before your deposit isreturned.Rental PaymentsAll rent is payable monthly in advance by standing order. Please note that all standing order paymentsshould be made 3 days prior to your rent due date to allow for clearance. Should you experience anyfinancial problems during the course of the tenancy it is essential that you contact us immediately.Tenant’s ObligationYou should be aware that responsibility for the property rests with the tenant during any tenancy. Itis particularly important that any gas, electrical or water problems are reported immediately and theproperty is fully secured when you leave it unattended at anytime. During the winter months, necessary steps must be taken to prevent freezing water and heating systems. In leasehold properties,mainly flats and maisonettes, the tenant will be bound by the rules and regulations affecting allresidents within the block contained in the head lease. You will need to deal properly with anycondensation within the property.OtherThe asking rent does not include charges that may be payable before and / or during the durationof the tenancy, therefore you may be required to make one or more of the following permittedpayments.•A refundable holding deposit of up to 1 week’s rent.•A refundable tenancy deposit of up to 5 week’s rent.•A payment to alter the tenancy agreement, when requested by the tenant of up to£50.00 inc. VAT or reasonable costs incurred if higher.•Payments associated with early termination of the tenancy when requested by thetenant can vary.•Interest, at a rate of up to 3% above the Bank of England’s base rate, for late paymentof rent (which is more than 14 days overdue).•A default fee for the replacement of a lost key or security device.Payments to service providers in respect of utilities, communication services, TV Licence and Council Tax. Other payments, permitted under appropriate legislation, including damages.Compass are members of the Property Redress Scheme and the Property Mark client moneyprotection scheme.
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