There are two parts to reserving a property: 1. Complete a Reservation Agreement – available here 2. Pay the Holding Deposit – see here A property cannot be reserved until the an offer to rent the property has been accepted by the landlord (or Jungle Property acting in their behalf).
Articles Tagged: Holding Deposit
If I fail the referencing will I get my holding deposit back?
If the Applicant’s references are not satisfactory as detailed in section 6 of the Terms and Conditions of our Reservation Agreement, a tenancy will not be granted and the Holding Deposit will be refunded less any reasonable costs as defined in section 4 of the Terms and Conditions. More details on what an unsatisfactory reference […]
If I withdraw my application for a tenancy how much holding deposit will I lose?
In the first instance check the Reservation Agreement Terms and Conditions. The reasonable costs referred to in the Terms and Conditions includes losses for potential rent. The losses for potential rent are calculated on a daily basis as follows: Monthly Rent (£) multiplied by 12 (months) divided by 365 (days). The period for calculation of […]
What happens to the holding deposit if I withdraw my application?
No – this is covered in the Reservation Agreement Terms and Conditions. We (the Agent) will cancel the reservation and not repay the Holding Deposit in the following circumstances: a. If the Landlord is prohibited by section 22 of the Immigration Act 2014 (persons disqualified by immigration status) from granting a tenancy of the Property […]
Is the holding deposit the tenancy deposit?
The Holding Deposit together with the additional Deposit becomes the Tenancy Deposit if a tenancy is granted and is transferred in its entirety to the custody of the Deposit Protection Service (the DPS). Still not answered your question? We love questions so fire it at us using the contact details here Please rate this article […]
If my offer is accepted what are the next steps?
The granting of a tenancy will be subject to: • Completion of Reservation Agreement and payment of Holding Deposit • Completion of tenant reference application and satisfactory references (incl. any pet references and references from all landlords in the last 3 years) • Provision of proof of immigration status • Provision of proof of personal […]
How much is the holding deposit?
The Holding Deposit is different for every property and is shown in the written particulars (on our website and property portals) for the property. The Holding Deposit is equivalent to 5 weeks rent and can be calculated by multiplying the monthly rent by 1.25 e.g. rent of £700 per calendar month = Holding Deposit of […]
If I pay the holding deposit will you process any other applications for the property?
Immediately we receive the completed Reservation Agreement and Holding Deposit we will cease carrying out further viewings of the property and will not accept any new offers to rent the property whilst we carry out tenant referencing and check the immigration status for all applicants who are included in your application.
How do I pay the Holding Deposit
The Holding Deposit can be paid as follows: Bank Transfer – please contact us for bank details – contact details here Card Payment here Cash – at our office
Can I pay the holding deposit by credit card?
Yes – Holding Deposits can be paid online using a credit card or debit card on our secure payment gateway accessible via the Make a Payment link on our website here.
