Question 1

How much is holding fee and deposit?

Accepted Answer

Holding fee: £300 ; Deposit: £1000

Question 2

Are bills included? If not, how much are they? How to measure bills?

Accepted Answer

Broadband (Internet fee) is included ; The estimated utility cost to cover water, heating and electricity is £90 for studios and 1-beds, £100 for 2-beds, £110 for 3-beds and £120 for 4-bed apartments.

Question 3

Discount for different lease

Accepted Answer

6% off for 12-month lease ; 12% off for 24-month lease ; 25% off year 1 for 36-month lease (25% off year one, 12,5% off year two and +5% increase in year three)

Question 4

Is there extra charge for a short-term lease and how long you define “short term”?

Accepted Answer

3 to 5 months leases have +45% increase on the original monthly rent ; 6 to 8 months leases have +10% increase on the original monthly rent ; 9 to 11 months leases have +5% increase on the original monthly rent ; extra charge for short term lease applies to all unit types from studio, one, two, three and four bedroom apartment. Any lease that is under 12 months will have an uplift.

Question 5

What’s the minimum lease for each building?

Accepted Answer

No leases less than 12 months in Montana, Dakota, Alto and Landsby ; No leases under 9 months for any 2 or 3 bed apartments.

Question 6

What are the hold times for each development?

Accepted Answer

10 day hold period for Montana, Dakota, Alto and Beton. They must move in within 10 days of date available/reservation ; 30 day hold period for Landsby, Alameda and Ferrum. They must move in within 30 days of date available/reservation ; 60 day hold period for Robinson and Canada Gardens. They must move in within 60 days of date available/reservation.

Question 7

How much is the charge for pets?

Accepted Answer

We have a monthly charge of £50 for a dog, £30 for a cat and £10 for any other small pet.

Question 8

Which building has its own gym and is it shareable with other buildings? If not, which can residents

Accepted Answer

All our buildings now have their own fitness rooms, except for Robinson which we expect to be completed in in first quarter of 2022.

Question 9

Is there free parking?

Accepted Answer

We have a secure underground parking available for £150 per month.

Ferrum Building, London

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