Deposit and Rent Guide
How much deposit do I have to pay?
The deposit amount is normally the equivalent to six week’s rent but can vary at the Landlords discretion.
The Deposit must be payable on or before the date of move in. Any funds transferred through the bank must be cleared on the date of move in. Read More
A security deposit is required in case of any damage or dilapidation of the property during your tenancy.
The landlord trusts the tenant to keep the property in a good condition and in good order.
The deposit is held to ensure that any damages (over and above fair wear and tear) can be corrected at the end of the tenancy.
What will happen to my deposit?
Landlords and letting agents are required to register your deposit with an approved Tenancy Deposit Scheme. Our landlords register their deposits with a scheme such as My Deposits.
The deposit is then either held by the landlord, the agent or the deposit scheme itself. You should receive details of the scheme, explaining where the deposit is held. Read More
What does a Tenancy Deposit Scheme do?
A Tenancy Deposit Scheme like My Deposits will protect the money for you and can offer assistance should there be a dispute about the deposit at the end of the tenancy.
What is a holding deposit?
The holding deposit shows good faith on the part of a prospective tenant enabling the landlord to take further action in the confident knowledge that the applicant is serious and fully committed to the property.
A Holding Deposit of £ 195 will be payable once the landlord accepts your offer for the property after viewing.
If, for any reason, you decide not to go ahead by an agreed date or change your mind about taking the property, the holding deposit or part of it will be retained against any costs already incurred.
Paying a holding deposit does not guarantee you the property and in no way legally obliges either party to enter into a subsequent tenancy. Read More
Do I have to pay any fees to find a rental property?
ZK investments do not charge any introductory fees simply for registering your interest in the properties we list or for viewing.
Once you view the property and your offer is accepted by the landlord you will be required to pay a holding deposit initially to cover referencing fees. Find out more
What does the rent include?
The rent will include maintenance/block management fees, but tenants are responsible for the council tax and all utilities unless otherwise advised.
How much rent and other monies do I need to move into a rental property?
Before your tenancy begins we require the first month’s rent and the deposit in cleared funds. You can pay by cash, bank transfer, banker’s draft or building society cheque. Personal cheques can only be used if they are paid ten days in advance, in order to clear. You will be given details in writing before taking up the tenancy. Read More
How do I pay my rent?
Rent is paid monthly in advance by standing order from your bank. Once you agree to a new tenancy you will be required to set up a standing order prior to handing the keys.
This is a worry-free way of ensuring you never fall behind in your rental payments.
It is important to tell us if your circumstances change, for instance you change banks or your employment situation changes as we can then help you to protect your tenancy. The last thing we want is for you to fall into arrears.
In case you receive housing benefit then it is your responsibility to ensure that the rent is paid on time.
What other bills will I have to pay for?
Normally you pay gas, electricity, water and telephone bills and don’t forget the TV licence and the Council Tax applicable to the property.
In addition you will be responsible for the subscription for cable or satellite services to include broadband internet and insurance for personal belongings.
Are there any service charges to pay?
No – apart from the rent there are no other service charges to pay to us.
You must however pay the water rates, council tax, gas and electricity charges as these are not included in the rent. In certain properties – blocks of flats, the landlords may charge a nominal sum for the cleaning of the communal areas and details of this will be given at the viewing or will be stated in the tenancy agreement.