Locomotion Way, North Shields, NE29

£750 PCM (LET) Fees Info

Tenant Information - Before your application can be considered, you will need to pay to us a holding deposit equivalent to one weeks' rent for the property you are interested in. Once we have your holding deposit, current legislation stipulates that the necessary paperwork should be completed within 15 days or such longer period as previously agreed.

The holding deposit is the equivalent of one weeks rent. This is calculated by one months rent x 12 divided by 52. For example a property with a monthly rent of £500 - £500 x 12 divided by 52 = holding deposit of £115.38.

If the landlord gives permission to allow a pet to be kept at the property there will be an additional £20 added to the monthly rental amount per pet.

On the day of move in the first months rent and security deposit are payable.

The security deposit covers damages or defaults on the part of the tenant during the tenancy.

The security tenancy deposit will be the equivalent of five weeks rent: calculated by one months rent x 12 divided by 52 x 5. For example a monthly rent of £500 x 12 = 6000 divided by 52 = 115.38 x 5 = security deposit £576.92.

The first month's rent, and the tenancy bond as stated above is to be paid at the sign up stage. All negotiations and payments are subject to contract.

Company Lets - Reservation/Administration Fees are 60% of one months rent including VAT (minimum £250 inc VAT). This fee covers costs for reserving the property, reference/credit checks, producing the relevant tenancy agreement and conducting Right to Rent checks. These fees are NON REFUNDABLE and on a first come, first served basis.

The tenancy deposit/bond can be calculated as the monthly rent plus £50 (EG £450 monthly rent + £50 = £500 deposit). An additional tenancy deposit/bond may be requested for tenants with pets.

Identification - On submission of the application, two forms of identification will be required. One form of photographic identification (passport or driving licence). If you are a foreign national, we require proof of residency, e.g. Residence Permit or Visa. As well as photographic identification, we require a proof of address (utility bill/council tax bill in your name at the given address).

From Companies, we require a proof of identity of the Director or Authorised Signatory, as well as proof of Directorship or proof of authority to sign.