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Welcome to Samuel Wood Residential Lettings & Property Management

3 Deposit & Deposit Registration Tenants make a deposit equivalent to one month’s rent, which we will hold, if we are instructed to manage your property, until the end of the tenancy. This provides appropriate cover for the cost of any dilapidations or rent arrears, etc. Tenants have a responsibility to maintain your property in good order. If we act as Managing Agents, we hold the deposit in our company’s Clients Account and the deposit is registered with the Dispute Service (which is our nominated Tenant Deposit Scheme) in accordance with Statutory Law. If you wish us to act as your Letting Agent only, we can arrange for the deposit to be forwarded to you for you, but it is vital that you provide your registration details of the Tenant Deposit Scheme of which you are a member. We cannot release deposits until this information is received. Alternatively, we may be able to arrange to hold the deposit on your behalf. 3 Inventories We will prepare a comprehensive inventory of the fixtures and fittings and a general schedule of decorations before the commencement of the tenancy. This document is prepared in a format which is approved by ARLA (Association of Residential Landlords) and the TDS (The Dispute Service), which is the nominated Tenancy Deposit Scheme used by our company. This schedule is then signed by the tenants and landlord/agent and serves as an agreement of the condition of the property at the commencement of the tenancy. 3 3 Money Laundering Regulations We are obliged to comply with the Money Laundering Regulations 1993 & 2003 and Proceeds of Crime Act 2002, which requires us to retain on our files, proof of identity of clients. Therefore, you would need to provide us with sight and photocopy of your Passport or UK Photocard Driving Licence and recent bank statement or utility bill to confirm your postal address. Office of Fair Trading Guidelines Is there anything about your property which a prospective tenant should know before viewing or entering into a contract to rent? This would include, for example, history of flooding, subsidence, structural defects or boundary disputes, Restrictive Covenants, Agricultural Restrictions or Planning Restrictions to name a few. If this is the case, in order to comply with current guidelines, it is very important that you make any relevant details available. 2


Welcome to Samuel Wood Residential Lettings & Property Management
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