kayak
25-04-2008, 18:53 PM
Hello all,
I have realised that I really should be giving tenants a full set of terms and conditions when they place a sum of money on a property, like I have with landlords.
Here is my proposed wording. I warmly welcome any criticism and comments on any wording, legalities or anything else! These terms and conditions aren't in use and have just been written 10 minutes ago so I am sure there will be many more drafts to follow!
Terms and conditions for prospective tenants
The following terms and conditions have been laid out to make clear prospective tenants obligation to Maverick Property Management, and Maverick Property Management’s obligations to the prospective tenant(s). These terms and conditions should be read in conjunction with our privacy policy available at http://www.maverickpropertymanagement.co.uk/privacypolicy.pdf or a printed copy is available on request by writing to Maverick Property Management, 3 Wyeverne Road, Cadiff, CF24 4BG.
Administration Fees
• Administration fees are payable to cover the cost of referencing and the administration involved in drawing up an agreement.
• Administration fees are strictly non-refundable in the case of a prospective tenant withdrawing their application.
• Administration fees are strictly non transferable between persons, tenancy agreements and/or properties.
• Administration fees are strictly non-refundable in the case of failed referencing, incomplete information or failure to provide a guarantor on request.
• Administration fees will be fully refunded in the case of the landlord or letting agent withdrawing the invitation for a tenancy agreement excluding any of the reasons listed above.
Advance Payments
• Any advance payments will be treated as holding fees until the tenancy has commenced.
• An advance payment of an amount equal to the bond must be made within 14 days of an application for tenancy being made unless written permission is received from the landlord or letting agent.
• If the above advance payment is not received with 14 days then the tenancy application will be terminated at the letting agents and landlords discretion.
• 100% of any advance payments will be forfeited if an application is withdrawn within the last 30 days of the start date of the tenancy.
• 75% of any advance payments will be forfeited if an application is withdrawn between 31 and 60 days before the start date of the tenancy.
• 50% of any advance payments will be forfeited if an application is withdrawn between 61 and 90 days before the start date of the tenancy.
• 10% of any advance payments will be forfeited if an application is withdrawn with over 90 days before the start date of the tenancy.
• A maximum of 10% of any advance payments made will be forfeited if replacement tenants starts a tenancy agreement, on or before the start date for the withdrawn tenancy.
• Joint tenancies will result in advance payments being treated as one amount.
General Points
• Administration fees and any advance payments made will be fully refunded in the case of a change of start dates of the tenancy, property availability or any other changes where these changes result in an alteration to the tenancy agreement where the prospective tenant(s) do not agree with the proposed alterations.
• No compensation will be paid to prospective tenants where proposed alterations are not accepted, resulting in tenancy not commencing.
• The conditions of the tenancy agreement are agreed from when the first sum of money is cleared into the company’s bank account and supersede any other agreements made, whether verbal or written.
Kind regards,
John
I have realised that I really should be giving tenants a full set of terms and conditions when they place a sum of money on a property, like I have with landlords.
Here is my proposed wording. I warmly welcome any criticism and comments on any wording, legalities or anything else! These terms and conditions aren't in use and have just been written 10 minutes ago so I am sure there will be many more drafts to follow!
Terms and conditions for prospective tenants
The following terms and conditions have been laid out to make clear prospective tenants obligation to Maverick Property Management, and Maverick Property Management’s obligations to the prospective tenant(s). These terms and conditions should be read in conjunction with our privacy policy available at http://www.maverickpropertymanagement.co.uk/privacypolicy.pdf or a printed copy is available on request by writing to Maverick Property Management, 3 Wyeverne Road, Cadiff, CF24 4BG.
Administration Fees
• Administration fees are payable to cover the cost of referencing and the administration involved in drawing up an agreement.
• Administration fees are strictly non-refundable in the case of a prospective tenant withdrawing their application.
• Administration fees are strictly non transferable between persons, tenancy agreements and/or properties.
• Administration fees are strictly non-refundable in the case of failed referencing, incomplete information or failure to provide a guarantor on request.
• Administration fees will be fully refunded in the case of the landlord or letting agent withdrawing the invitation for a tenancy agreement excluding any of the reasons listed above.
Advance Payments
• Any advance payments will be treated as holding fees until the tenancy has commenced.
• An advance payment of an amount equal to the bond must be made within 14 days of an application for tenancy being made unless written permission is received from the landlord or letting agent.
• If the above advance payment is not received with 14 days then the tenancy application will be terminated at the letting agents and landlords discretion.
• 100% of any advance payments will be forfeited if an application is withdrawn within the last 30 days of the start date of the tenancy.
• 75% of any advance payments will be forfeited if an application is withdrawn between 31 and 60 days before the start date of the tenancy.
• 50% of any advance payments will be forfeited if an application is withdrawn between 61 and 90 days before the start date of the tenancy.
• 10% of any advance payments will be forfeited if an application is withdrawn with over 90 days before the start date of the tenancy.
• A maximum of 10% of any advance payments made will be forfeited if replacement tenants starts a tenancy agreement, on or before the start date for the withdrawn tenancy.
• Joint tenancies will result in advance payments being treated as one amount.
General Points
• Administration fees and any advance payments made will be fully refunded in the case of a change of start dates of the tenancy, property availability or any other changes where these changes result in an alteration to the tenancy agreement where the prospective tenant(s) do not agree with the proposed alterations.
• No compensation will be paid to prospective tenants where proposed alterations are not accepted, resulting in tenancy not commencing.
• The conditions of the tenancy agreement are agreed from when the first sum of money is cleared into the company’s bank account and supersede any other agreements made, whether verbal or written.
Kind regards,
John