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(One Per Applicant)
An administration fee of £65.00+VAT will be payable upon creation of a legally binding tenancy agreement. Should you wish to terminate your tenancy before the end of the tenancy and the landlord agrees that you can terminate early, you will be responsible for the payment of the outstanding commission due from the landlord for the remainder of the tenancy, unless you exercising a break clause which is contained in your tenancy agreement.
It is your obligation to obtain a written consent from the landlord for any change in the identity of the tenants. Upon receipt of this consent Midas will draw up a tenancy agreement for signature by all parties. An administration fee of £25.00+VAT will be charged for this service.
An administration fee of £25.00+VAT will be charged for each letter sent by Midas regarding late or non payment of rent or administration charges.
If any charges remain outstanding at the end of the tenancy, Midas will deduct the amount due from the deposit.
Midas reserve the right to change the schedule of fees and these terms of business.
We will take up references based on the details that you have supplied to us. These references may be passed to our client so that they can make a decision on grating a tenancy.
Before the tenancy can proceed you need to provide us with a photo ID in the form of a passport or driving licence. You are responsible for any administration charges levied by your own bank in relation to obtaining a reference.
A deposit equivalent to one months rent or otherwise stated must be paid in cleared funds when you sign the tenancy agreement and is held by Midas or landlord as stakeholder for the duration of the tenancy. If the tenancy does not commence the deposit is nonrefundable or if the tenancy term is not fulfilled, no deposit is returnable.
The first instalment of rent must be paid in cleared funds when you sign the tenancy agreement. Thereafter, rent is payable by standing order (unless agreed otherwise) to arrive on the due date as stated in the tenancy agreement.
This means that the standing order must be set up so that the funds leave your account three days before the rent is due. A late payment fee of £25.00+VAT will be due if funds are not paid/cleared in our office/account on due date.
Midas will be instructed by the landlord as to what arrangements are to be made for the inventory and check-in and the tenant will be liable for the check - out (and any missed appointments). We advise you to make yourself available for the check - in and check - out to avoid the possibility of disputes.
Where Midas organise an end of tenancy inventory check - out inspection of £25.00+VAT will be charged. Where a landlord organises this inspection independently of Midas, the charge may be greater than this amount.
At the start of the tenancy we will tell you who is responsible for the managing of the property. This is not always Midas. Where we are not managing the property we cannot authorise any repairs or maintenance or guarantee the speed at which repairs will be carried out. Where we are managing the property, we may have to obtain the landlords consent before proceeding with a repair.
Where we manage a property and hold keys, we can usually provide access to contractors (with your permission). However where we do not hold keys or the contractor is not willing to collect keys, it is your responsibility to provide access.
It is your responsibility to insure your own belongings throughout the tenancy.
You will be responsible for the payment of telephone, gas (Oil), water and electricity accounts at the property during your tenancy, as well as the Rates (if no agreement is made at start of tenancy) it is your responsibility to notify the relevant companies and the local authority that you are moving into/out of the property. You are also responsible for ensuring that a valid television licence remains in place for the duration of the tenancy.
Please contact us in advance if you wish to extend your tenancy. If the tenancy is renewed, we make a charge of £25.00+VAT to cover our administration.