TENANCY INFORMATION
Holding Deposit (per tenancy)
One week’s rent.
This is to reserve a property. 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).
Security Deposit (per tenancy. Rent under £50,000 per year)
Five weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.
Security Deposit (per tenancy. Rent of £50,000 or over per year)
Six weeks’ rent. This covers damages or defaults on the part of the tenant during the 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 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, 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.
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.
Early Termination (Tenant’s Request)
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.
Please ask a member of staff if you have any questions about our fees.
COMPLIANCE INFORMATION
We are a member of the Property Ombudsman property redress scheme www.tpos.co.uk
We are a member of the Propertymark client money protection scheme www.propertymark.co.uk
