Upon an application being accepted for a property (subject to contract and satisfactory references being obtained), Taylor Walsh will take a holding fee equal to one weeks rent of the chosen property.
The property will be removed from the market whist the referencing is in progress and we will not conduct any viewings whilst this is underway for a maximum of 10 working days. You will have 2 working days to submit the referencing forms and requested identification to the office from the date that we received the holding fee. If you do not return and complete the referencing forms in this allotted time, we will refund the fee to you and the property will be re-marketed.
A deposit equalling 5 weeks rent, taking into account the holding fee already paid and a months' rent in advance is payable all before check-in and the release of keys.
Upon satisfactory completion of the referencing process the holding fee will be used towards the first months' rental payment.
If referencing is unsuccessful or if the applicant pulls out of the process, then the holding fee will be refunded in full.
However, if information is found during the referencing process that has a negative effect on the result and was not declared on the application forms and we are therefore subsequently unable to proceed with a tenancy, the holding fee will not be refunded and will be wholly retained by Taylor Walsh.
A start date of the tenancy will also be agreed by all parties in writing at the application stage and again once referencing has passed. Failure to adhere to this once the referencing has passed will also result in the holding fee not being refunded and being retained in full by Taylor Walsh.
Should the Landlord withdraw the property for any reason at all during the referencing process or after, the holding fee will be refunded in full to the applicant.
As part of the referencing process a soft credit check will be carried out and applicants must meet the affordability criteria which is calculated at the rent per calendar month x 33%. For Guarantors, this is calculated at 36%. Bonuses and commissions are not taken into account unless guaranteed by the employer.