Upon an application being accepted for a property (subject to contract and satisfactory references being obtained), Taylor Walsh will take a holding deposit equal to one weeks rent of the chosen property.
The property will be removed from the market whilst the referencing is in progress and we will not conduct any viewings whilst this is underway for a maximum for 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 have received the holding deposit. If you do not return the forms in this time, we will refund the deposit to you and the property will be re-marketed.
Upon satisfactory completion of the referencing process the holding deposit will be used towards the first month’s rental payment.
If referencing is unsuccessful the holding deposit will be returned 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 there-fore subsequently unable to proceed with a tenancy, the holding deposit 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. Failure to adhere to this by the tenant once the referencing has successfully passed will also result in the holding deposit not being refunded.
Should the Landlord withdraw the property for any reason at all the holding deposit will be refunded