Guide to payments
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Administration fee
An administration fee of £350 + VAT is payable upon creation of a legally binding tenancy agreement and is fully refundable if the landlord withdraws from the deal.
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Deposit
For long let accommodation, a security deposit equivalent to the value of six weeks' rent is required.
For short let accommodation, only four weeks' security deposit is required.
This is paid in advance and is held against any damage that may occur during the tenancy. This amount will be returned at the end of tenancy minus any damages noted during the inventory check-out procedure.
Foxtons Corporate Services is a member of the Tenancy Deposit Protection Scheme meaning for all Assured Shorthold Tenancies the tenant's deposit will be registered within of payment. This scheme is designed to protect the landlord and tenant and provide a thorough support network should either party be dissatisfied with the service.
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Rent
For long let accommodation, the rent is always paid in advance, so your first instalment will be paid with your deposit prior to moving in. You will also be asked to set up a monthly standing order with your bank. Your Account Manager/Negotiator will assist you with this.
For short let accommodation, tenants may be asked to provide the full rental amount up front - this is dependent on the length of stay.
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Methods of payment
We accept bank transfers, bankers' drafts and credit cards. We do not accept cheques (company or personal).
NB : We do not consider funds paid in over the counter at any high street bank as automatically cleared.
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Strict codes of practice
Foxtons is a member of The Property Ombudsman, safeagents and The Tenancy Deposit Protection Scheme. Foxtons HQ is also a licensed Association of Residential Letting Agents (ARLA) office. These memberships provide landlords and tenants with an assurance that they will receive the highest level of customer service.
