Tenants Information


Holding Deposits: 

A holding deposit equivalent to 1 weeks rent will be payable to reserve a property. Where the application is successful this will be offset against the initial rent. 
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). 

Deposit: 

A Deposit equal to 5 weeks rent (6 weeks rent where the annual rent is greater than £50,000) is payable following the receipt of satisfactory references and prior to the commencement of the tenancy. 

Fees payable in accordance with the Tenant Fees Act 2019: 

Additional variable charges may apply during the course of the tenancy or at the end of the tenancy and are detailed within the tenancy agreement EG: 

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 other 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). 

Variation of Contract- £50 

Change of Sharer- £50 

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. 


CLIENT MONEY PROTECTION: PROPERTYMARK 

INDEPENDENT REDRESS SCHEME: THE PROPERTY OMBUDSMAN..