Yes – the Reservation Fee becomes a deposit provided: The Applicant does not withdraw their application The Applicant has satisfactory references A tenancy is granted The Terms and Conditions of the Reservation Fee can be found in the Reservation Agreement here The total value of the deposit for a tenancy = Value of Reservation Fee […]
No – The Reservation Fee will from the date of the tenancy agreement, become a deposit in connection with a tenancy.
There are two parts to reserving a property: 1. Pay the Reservation Fee and Administration Fee – see here 2. Complete a Reservation Agreement – available 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).
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 Reservation Fee will be refunded less any reasonable costs as defined in section 4 of the Terms and Conditions. In such circumstances, the Administration Fee will […]
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 […]
In the first instance check the Reservation Agreement Terms and Conditions. The Reservation Fee will be refunded less any reasonable costs, the sum total of which may equate to or exceed the amount of the Reservation Fee and viewings of the property will resume and new offers will be accepted for the property in the […]
The Reservation Fee becomes the deposit (together with any additional pet payment) 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 […]
The reservation fee is different for every property and is shown in the written particulars (on our website and property portals) for the property. The reservation fee 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 = reservation fee of […]
Immediately we receive the Reservation Fee and Administration Fee and completed Reservation Agreement 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.
The Reservation Fee can be paid as follows: Bank Transfer – please contact us for bank details – contact details here Card Payment here (Fee of 2.4% + 20p applies) Cash – at our office