M A S O N S

Contractual Agreement to Grant a Tenancy at a Future Date

Before you start, please ensure you have the following ready:

  • Certificate of Incorporation — proof of company registration
  • Proof of registered address — such as a utility bill or bank statement
  • Proof of ID for all occupiers — Passport or Driving Licence

Congratulations on finding the property you would like to let, we understand that moving is a stressful time and we are here to make it as stress free as possible.

This is a legally binding conditional contract in which the parties agree to create a tenancy at a specific future date. If either party is uncertain about the implications of signing this document, they should seek legal advice before doing so. This agreement is not a tenancy of any sort.

The Holding Deposit is not covered by Tenancy Deposit Protection legislation in accordance with the Tenant Fees Act 2019 Schedule 2 Para 7. When the tenancy starts, the tenancy deposit will then need to comply with this legislation.

This agreement is subject to:

  • A. Satisfactory references/credit status being established for the company.
  • B. The property still being available for the Landlord to let, for example not damaged by fire or flood etc
  • C. Any current occupants moving out before the anticipated commencement date.
  • D. All relevant occupiers passing Right to Rent checks under the Immigration Act 2014.

HOLDING DEPOSIT

In consideration of the Landlord agreeing to process this application and stop advertising the property, the Prospective Company agrees to pay a Holding Deposit of two weeks rent, this is deducted from the balance of the first month's rent and deposit at move in. In addition, The Company agrees to pay an Administration Fee of £250.00 inclusive of VAT towards the costs of the credit checks, referencing and setting up the tenancy.

Costs:

Should the Prospective Company:

  • Withdraw from this contract before entering into the tenancy agreement,
  • Provide false information for referencing,
  • Fail to act reasonably to enter into the tenancy before the deadline for agreement,
  • Fail Right to Rent checks, Credit checks or Referencing

They will be liable for the reasonable costs incurred by the Landlord and his Agent.

The following costs will be deducted from the Holding Deposit. Any surplus of the Holding Deposit will be returned to the Prospective Company without interest, as soon as possible. The costs that may be deducted from the Holding Deposit can include, but are not limited to, the following:

  • Costs of any references or credit checks sought
  • Costs of any administration undertaken to prepare for the tenancy
  • Costs of re-advertising the property to let
  • Costs, in lieu of rent, of keeping the property empty for The Company

Withdrawal by the Landlord:

Should the Landlord withdraw from this agreement, including not establishing the events listed in A to D above, the Prospective Company will be entitled to return of the entire Holding Deposit and Administration Fee.

UTILITIES

We use a company called One Utility Bill who will call you to inform you of your new utility suppliers and advise you of your options. Notify bundles utilities, broadband and TV into one simply monthly payment.

  • You agree to the Disclosure of your personal details to One Utility Bill Limited ("One Utility Bill or OUB"), Masons BTL Ltd and the incumbent Energy Supplier for the purposes of Utility Registration.
  • At the start of the Tenancy, gas and electricity will be provided, or will be in the process of being provided by the incumbent Energy Supplier, the details of this supplier information will be communicated to you by One Utility Bills customer service team via phone call and/or email. You are not in a contract with their incumbent Energy Supplier and are free to choose any Energy Supplier option available to you.
  • You agree that Masons BTL Ltd may pass your name, phone number, email address, to One Utility Bill, for the purposes of registering the gas and electricity meters at the property in your name with the incumbent Energy Supplier providing gas and electricity to you; registering you with the incumbent water supplier; and informing the relevant district Council of the new tenancy commencing, if required.
  • The incumbent water supplier may contact you in order to provide further information about its services and products.
  • Masons BTL Ltd will only process data on behalf of One Utility Bill. One Utility Bill will use your details only for the purposes set out above and not in any other way. One Utility Bill and Masons BTL Ltd will comply with their obligations under the General Data Protection Regulation effective as of the 25th May 2018.
  • One Utility Bill will handle your data in the manner set out in One Utility Bill's standard Terms and Conditions and/or Privacy Notice. Our Data Retention Policy is available here — https://oneutilitybill.co/privacy

HOLDING DEPOSIT & AGREEMENT

If the tenancy proceeds, please sign below confirming your agreement that the Holding Deposit may be applied to the Tenancy Deposit.

It is agreed that the Deadline for Agreement for this tenancy will be the tenancy start date listed in the application.

As part of the legal process of letting a property we may be required to provide you with certain information prescribed by law. You confirm that we may email you this information and other documents and notices to reduce our environmental impact through unnecessary printing.