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.
Under new legislation, a holding deposit is limited to one week's rent.
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, during the 14 days after paying this holding deposit, you decide not to proceed to entering a tenancy or do no give full and timely cooperation in the referencing process, then this deposit will not be returned in full or part.
If the landlord, for any reason, decides not to proceed with the tenancy or if agreement cannot be reached on a substantive part of the tenancy agreement or if references are not passed within 14 days of the paying of the holding deposit with the full and timely cooperation of the applicant, 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 one weeks rent
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 five 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
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:110 Kensington Church Street London W8 4BH.