Student Lettings – Property Deposit Terms – £300 – £500 (No VAT) per person. See each property advertisement for the deposit amount.
FURTHER INFORMATION ABOUT DEPOSITS AND FEES
Your deposit will be protected within 30 days of receipt of the payment.
Security Deposits (per tenancy. Rent under £50,000 per year): Maximum of five weeks rent
Security Deposits (per tenancy. Rent over £50,000 per year): Maximum of six weeks rent
Unpaid Rent:
Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s):
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, and new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (Inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Variation of Contract (Tenant’s Request):
£50 (Inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant’s Request):
£50 (Inc. VAT) per replacement tenant or any reasonable costs incurred if higher.
Independent Redress:
www.tpos.co.uk
Client Money Protection:
www.propertymark.co.uk
