Thank you for applying to rent a property from one of our landlords. Before your application can be fully considered, you will need to pay to us a holding deposit equivalent to one weeks’ rent for the property you are interested in. This document explains what happens to that holding deposit and the circumstances in which the deposit will / will not be refunded. It is important that you know your legal rights and accordingly you should feel free to seek independent legal advice before signing this or indeed any other document which we might put before you.   

Please visit our website www.leaders.co.uk in order to view a copy of our Client Money Protection certificate which confirms how any money paid to us is protected. 

Once we have your holding deposit, current legislation stipulates that the necessary paperwork should be completed within 15 days or such longer period as might be agreed.   

In the present case, it has been agreed that the relevant period will be extended to the number of days shown below, from when we receive your holding deposit.  

If at any time before the end of the extended period you decide not to proceed with the tenancy, then your holding deposit will be retained by Leaders. By the same token you unreasonably delay in responding to any reasonable request made by Leaders, and if it turns out that you have provided us with false or misleading information as part of your tenancy application or if you fail any of the checks which the landlord is required to undertake under the Immigration Act 2014, then again your holding deposit will not be returned.  It will be retained by Leaders and your landlord. 

However, if the landlord decides not to offer you a tenancy for reasons unconnected with the above then your deposit will be refunded within 7 days. Should you be offered and you accept a tenancy with our landlord, then your holding deposit will be credited to the first months’ rent due under that tenancy. 

Where, for whatever reason, your holding deposit is neither refunded nor credited against any rental liability, you will be provided with written reasons for your holding deposit not being repaid within 7 days. 

You will not be asked to pay any fees or charges in connection with your application for a tenancy.  However, if your application is successful under our standard assured shorthold tenancy agreement, you will be required to pay certain fees for any breach of that tenancy agreement in line with the Tenant Fees Act 2019. In consideration of us processing your tenant application, you agree to pay those fees to us on request.

It is agreed that the deadline for completing your application to rent the property specified below and thereafter entering into a tenancy agreement will be extended for a period of 41 days from the date hereof.  This will take us to the date of 08/09/2023 which is the intended move in date of your tenancy.  

Your holding deposit is £346.15. 

Property to which your application relates: 7 Embassy Court, Brighton, BN1 2PX