Letting Fee Policy Details:Holding Deposit:
A holding fee equivalent to 1 weeks rent will be taken to secure the property.
(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:
Five weeks rent (per tenancy for rent under £50,000 per year) This covers damages or defaults, dilapidations on the part of the tenant during the tenancy.
Security Deposit:
Six weeks rent (per tenancy for rent of £50,000 or over per year) This covers damages or defaults, dilapidations on the part of the tenant during the tenancy.
Unpaid Rent:
Interest will be charged at 3% above the Bank of England Base Rate from Rent Due Date until payment received 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 £50 (inc. VAT) per agreed variation.
To cover the costs associated with taking landlords 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.
This is to cover the costs associated with taking landlords instructions, new tenant referencing, Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination:
Should the tenant wish to leave their contract early, they shall be liable for the landlords 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 (CMP): ARLA
Redress scheme: The Property Ombudsman