To initiate Rent Now, we take a £200 holding deposit.
Any referencing costs (£20 per reference) will be deducted from this holding deposit. That's it. You won't be charged any admin or agency fees!
If the tenancy goes ahead, we will send you the payment details for the first month's rent and the full deposit, both of which will be paid to us.
The balance of the holding deposit (minus any referencing costs) is placed towards the security deposit upon successful signing of the contract.