If you choose to rent a property through Gibson
Lane we will require the following:
Before the start of the tenancy a holding
deposit of 1 weeks rent equivalent is required to secure a property and proceed
with reference checks. A security deposit equivalent to 5 weeks rent, in
addition to the first month’s rent in advance must be paid. This is subject to
contract and referencing.
1 Weeks rent equivalent
(Rent X 12 divided by 52)
Rental & Utility Bills:
Payable as outlined in
the tenancy agreement.
5 weeks rent equivalent
(calculated by dividing the annual rent by 52 and
multiplying by 5)
Default Fees & Damages
Late Rental Payment:
For late rental payments where the rent payment has been
outstanding for 14 days or more from the date set out in the tenancy agreement, Gibson Lane will charge a default fee of 3% above the Bank of England’s base
rate for each day that the payment has been outstanding.
Lost key or security device giving access to the
Gibson Lane will charge the tenant the actual cost of
replacement for a lost key or equivalent security device.
Changes to a Tenancy:
variation, novation, amendment or change of occupant at the tenant's request within
an existing tenancy- £50.00
Please note the following points outline a
holding fee being retained by Gibson Lane:
Providing false or misleading information which you
can reasonably consider when deciding to let a property – this can include a
tenant’s behaviour in providing false or misleading information
Failing a right to rent check
Withdrawing from a property (unless a landlord or agent imposed a
requirement that breached the ban or acted in such a way to the tenant or
relevant person that it would be unreasonable to expect a tenant to enter into
a tenancy agreement with them)
Failing to take all reasonable steps to enter into a tenancy
agreement and the landlord or agent takes all reasonable steps to do so (unless
a landlord or agent imposes a requirement that breaches the ban or acts in such
a way to the tenant or relevant person that it would be unreasonable to expect
a tenant to enter into a tenancy agreement with them).
Gibson Lane are registered with ARLA Propertymark
and offer Client Money Protection.