Thank you for applying to rent through M A S O N S. We aim to make the process as straightforward as possible.
This document sets out the terms for processing the Company’s application and handling the Holding Deposit and Administration Fee. It is not a tenancy agreement and does not give the Company or its occupiers any right to occupy the property.
The Company will be the named tenant. Statutory tenancy deposit protection is not required for a company tenancy. The tenancy agreement will set out how the Tenancy Deposit will be held and returned.
CONDITIONS OF THE APPLICATION
The proposed tenancy is subject to:
The Company must provide accurate information, disclose relevant adverse credit or insolvency proceedings and supply the information reasonably required for referencing.
The intended use of the property and all proposed occupiers must be disclosed. Subletting, serviced accommodation and holiday letting are not permitted unless expressly agreed by the Landlord in writing.
HOLDING DEPOSIT AND ADMINISTRATION FEE
The Company agrees to pay a Holding Deposit of £500.00 in consideration of the Landlord agreeing to process the application and suspend further marketing.
The Company also agrees to pay an Administration Fee of £250.00 inclusive of VAT towards credit checks, referencing and preparation of the tenancy agreement.
If the tenancy proceeds, the Holding Deposit will be deducted from the first month’s rent or, with the Company’s agreement, applied towards the Tenancy Deposit.
Payment does not guarantee that the application will be approved or a tenancy granted.
WITHDRAWAL AND COSTS
The Holding Deposit of £500.00 reserves the property while the Company’s application is processed.
Subject to the Withdrawal by the Landlord section below, the Holding Deposit will be retained if the Company withdraws, provides false or materially misleading information, unreasonably fails to complete the application by the agreed deadline, or fails the required referencing, credit or Right to Rent checks.
The Administration Fee of £250.00 inclusive of VAT remains payable once referencing or tenancy preparation work has begun, unless refundable under the Withdrawal by the Landlord section below.
WITHDRAWAL BY THE LANDLORD
If the Landlord withdraws for reasons other than unsuccessful checks or Company conduct covered above, the Holding Deposit and Administration Fee will be refunded in full.
Both payments will also be refunded if the property cannot be made available for reasons outside the Company’s control and a revised commencement date cannot be agreed.
Refunds will be made within seven working days.
DEADLINE FOR AGREEMENT
The Deadline for Agreement will be the proposed tenancy commencement date stated in the application, unless changed by agreement in writing.
UTILITIES
Masons BTL Ltd works with One Utility Bill to assist with notifying utility suppliers and the local authority of a change of occupier.
Relevant contact details, the property address and tenancy commencement date may be shared where necessary for these purposes, in accordance with applicable data protection law and the relevant privacy notices.
The Company must confirm whether utility accounts should be registered in its name or the occupiers’ names. There is no obligation to purchase an optional utility bundle or additional service from One Utility Bill.
One Utility Bill’s Privacy Notice is available at https://oneutilitybill.co/privacy.
DECLARATION AND ELECTRONIC COMMUNICATION
By submitting the application, the person acting for the Company confirms that they are authorised to agree to these terms and that the information supplied is complete and accurate to the best of their knowledge.
The Company agrees that application and tenancy documents may be emailed to the address supplied, including notices where electronic service is legally permitted.