Fees to Tenants
BEFORE YOU MOVE IN ...
Holding Deposit - Equivalent to 1 week’s rental per tenancy. Once we are in receipt of your holding deposit should you then decide not to proceed with the tenancy, then your holding deposit will be retained by our firm. By the same token, if during that period you unreasonably delay in responding to any reasonable request made by our firm, and if it turns out that you have provided us with false or misleading information as part of your tenancy application or if you fail any of the checks which the Landlord is required to undertake under the Immigration Act 2014, then again your holding deposit will not be returned. It will be retained by this firm and your Landlord. However, if the Landlord decides not to offer you a tenancy for reasons unconnected with the above then your deposit will be refunded within 7 days. 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 that tenancy. Where, for whatever reason, your holding deposit is neither refunded nor credited against any rental liability, you will be provided with written reasons for your holding deposit not being repaid within 7 days. You will not be asked to pay any fees or charges in connection with your application for a tenancy. However, if your application is successful under our standard assured shorthold tenancy agreement, you will be required to pay certain fees for any breach of that tenancy agreement in line with the Tenant Fees Act 2019.
Security Deposit - Equivalent to:
- 5 weeks rental per tenancy where the rental agreed is up to £50,000.00 per year
- 6 weeks rental per tenancy where the rental agreed is £50,000.00 per year or over.
This will be protected in a Government authorised scheme (if applicable) and may be returned at the end of the tenancy.
DURING YOUR TENANCY ...
Lost Key(s), Fob(s) or other Security Device Charge - You will be liable for the cost of replacing any key(s), fob(s) or other security device where they may have been lost, and will be liable for the cost of replacement lock(s) and replacement set of keys/fobs/security devices for all persons required (where this may be deemed necessary).
Variation of Contract Fee - £50.00 (inc VAT) - Should a Tenant request a variation or assignment of a tenancy, or a replacement or an addition of a Tenant/Occupier, at any point during the tenancy, the Tenant will be liable for the Variation of Contract Fee for the preparation of any documents in relation to each and every variation of tenancy agreement. Any variation to the tenancy agreement is strictly subject to the Landlords written consent.
Early Termination Cost - If the Tenant agrees with the Landlord to terminate (surrender) the tenancy before the Tenant is legally permitted to do so under the terms of this Agreement, the Tenant will be responsible for indemnifying the Landlord and the Agent for any losses and reasonable costs incurred as a result of the early termination and in the re-letting of the Premises. Any early termination of the tenancy is strictly subject to the Landlords written consent.
OTHER FEES AND CHARGES ...
Unpaid Rent - Interest at 3% above Bank of England Base Rate on any rent or other money payable under the Tenancy Agreement remaining unpaid for more than 14 days after the day on which it became due.