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Deposits & Insurance
You will be required to pay a holding deposit to secure the property you wish to rent. This holding deposit will be deducted from the deposit due when you take possession of the property.
This deposit is non-refundable if you as the prospective tenant fail to proceed for any reason.
The deposit will be refunded should the Landlord for any reason decide not to let the property to you.
In certain circumstances, should you fail the referencing process and were made aware of the criteria required for you to be an acceptable tenant then the holding deposit may be retained as work on your behalf will have been completed and expenses incurred.
Before you take possession of your rental property you will be required to pay a deposit. This is normally between 4 weeks & 6 weeks rent but can be more. All deposits are held within the Deposit Protection Service (The DPS) for more information please see http://direct.gov.uk/en/TenancyDeposit/DG_066391
The deposit required is in addition to the first month's rent and the holding deposit is deducted from the amount required with the balance being due before occupation can take place. These monies will need to be cleared funds prior to your move in date otherwise it may delay your ability to move into the property.
As a tenant your own personal possessions will be at risk, from fire, storm, water damage and particularly from theft whilst in your rented property. You may also suffer loss or accidental damage to your possessions whilst away from home. Whilst in your home you are legally responsible for your landlord's contents should the property you are renting be furnished or part furnished.
You should consider taking out contents insurance to cover your belongings.