Information for Tenants


Champions acts as agent for the landlord and our duty of care is with our client. We have a duty to the tenant as customer to act honestly, transparently and with courtesy.

Our policy is to treat all applicants and tenants equally, with respect and consideration.


Charges

Our charges to applicants as a contribution towards the preparation of the tenancy agreement are simple and clear. We make a one off charge of £300 (inc. VAT) for this service (discounted to £180 (inc. VAT) for lettings of under £1300 per calendar month. 

For renewal of tenancy, we charge  £180 (inc. VAT)

An independent referencing agency is used for all tenancy referencing prior to agreement. The cost of this referencing borne by the tenant and it is charged at £42.00 (inc. VAT) for each applicant and £42.00 (inc. VAT) per rental guarantor (should a rental guarantee prove necessary.

The charge for payment of rent by credit card or non-UK debit cards is 3% + VAT of the amount paid. There is no charge for funds paid by bank transfer (there may be a charge to you made by our bank if you make an international bank transfer, which will be passed on to you) or by UK debit card.

The inventory on the property must be fully independent, and as such must be paid for by both sides. It is normal that the landlord pays for the preparation of the inventory and the check-in and the tenant pays for check-out. No charge is made by Champions to either side for arranging this and details of the levels of charge made by inventory companies are available on request.


Deposits

Holding deposit

If you decide to let a property through Champions you will be asked to pay a holding deposit to so that Champions will not market the property  for a period reasonable and sufficient to arrange references and tenancy signing. If, after paying this holding deposit, you decide not to proceed to entering a tenancy then this deposit will not be returned in full or part.

If the landlord, for any reason, decides not to proceed with the, if agreement cannot be reached on a substantive part of the tenancy agreement or if references are not passed, then the holding deposit will be returned in full.

The holding deposit will be added towards the full security deposit upon execution of the tenancy.

The holding deposit is two weeks rent

Security deposit

All deposits held on Shorthold Tenancies (where the tenant is a person or persons rather than a company, the rent is less than £100,000 per annum and it is the person's main home) are held in The Deposit Protection Service. Full information on the scheme can be seen at www.depositprotection.com and further information will be supplied on request

The security deposit is six weeks rent


Payment of funds

Please note that all amounts must be payable in cleared funds before we can execute a tenancy and hand over keys. Sufficient time must be given for cheques to clear and payments arrive to our clients account. this is especially important to consider when making international bank transfers


Tenancy agreement

In order to rent the property you will sign a tenancy agreement. This agreement is binding on execution which will result from dating the tenancy agreement on the commencement date. The agreement is a legally binding contract. You are advised to take independent legal advice before its signing



Champions is a trading name of Centre Locations Limited. Company Registered Number: 06329806 Registered office: 62-64 Lower Sloane Street, London, SW1W 8BP, U.K.


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