Reserving a Property (England, Wales and Northern Ireland) Should you make an offer on a property and it be accepted by the Landlord, you will be asked to pay a holding deposit equivalent to one weeks agreed rent. This will remove the property from the market whilst reference checks and preparation of the tenancy agreement are undertaken. The holding deposit is taken as a financial commitment from you, the prospective tenant to proceed towards entering into the agreement.
Once paid, both parties will have two weeks to enter into a tenancy agreement, however this may be extended if agreed by both parties in writing.
Refunding a Holding Deposit Should you proceed to enter into a tenancy agreement with the Landlord, the holding deposit will be paid towards the balances of your first month's rent.
Should the Landlord choose to withdraw from entering into the agreement, this money will be refunded to you.
Retaining a Holding Deposit A Holding Deposit will be retained where a prospective tenant:
• Provides false or misleading information which is reasonable considered when deciding a let of a property • Fails a right to rent check • Withdraws from entering into an agreement for the property • Fails to take reasonable steps to enter into a tenancy agreement
Should any of the above occur, Purplebricks retains the right to deduct its reasonable expenses on a case by case basis which may include the administration, referencing or any other costs incurred.
Reserving a Property (Scotland) Once an offer has been accepted you will be asked to provide details for your references. No holding deposit will be payable.
Referencing Criteria and Tenancy Agreement More information on our referencing criteria and a draft of the tenancy agreement can be found in the Terms and Conditions on our website.
Redress Scheme and Client Money Protection Purplebricks is a member of Property Mark Client Money Protection Scheme, and also a member of The Property Ombudsman which is a redress scheme. You can find out more details on our website or by contacting us directly.
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