CONTRACTS SIGNED ON OR AFTER 1ST JUNE 2019
BEFORE YOU MOVE IN
Holding Deposit- One Weeks Rent (inc VAT) per applicant
This is to reserve a property. Should you be offered and you accept a tenancy with our Landlord, then your holding deposit will be credited to the first months rent due under the tenancy. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing). Should you be offered and you accept a tenancy with our Landlord, then your holding deposit will be credited to the first months rent due under the tenancy.
Security Deposit- Up to 5 weeks’ rent for tenancies with rent under £50,000 per annum. Up to 6 weeks’ rent for tenancies with rent of £50,000 or over per annum.
This covers damages or defaults on the part of the tenant during the tenancy.
DURING YOUR TENANCY
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 Keys or Security Devices – 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, 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).
Tenant Variation of Contract – £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- £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Tenant Early Termination- Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Tenant Fees for pre 1st June 2019 tenancies
Explanation of our tenant fees permitted under the Tenant Fees Act 2019 transitional provisions, where fees are written into existing tenancy agreements. These apply to all tenancy agreements granted or signed and executed before 1st June 2019, and can be charged up until 31st May 2020
IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF.
CLIENT MONEY PROTECTION (CMP) PROVIDED BY: UKALA
INDEPENDANT REDRESS PROVIDED BY: TPO’S “THE PROPERTY OMBUDSMAN”
