In addition to paying rent for the property, you may also be required to make the following permitted payments, inclusive of VAT (where applicable):
Holding Deposit (per Tenancy):
One week’s rent. This is to reserve a property and will be payable upon referencing forms being submitted to our office. On the day of move-in, this deposit will be off-set against the final amount due. 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.
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 and 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, and the landlord consents to this, 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.
Additional Rent for Pet(s): If the landlord agrees to pet(s) at the property, additional rent of £15 per calendar month per free-roaming pet will be payable. This will be agreed with the tenant in advance and prior to a reservation deposit being taken.
Council Tax, Utilities and Communication Services: Tenant(s) are responsible for paying bills in accordance with the tenancy agreement, which could include council tax, utility payments (gas, electricity, water) and communication services (broadband, TV, telephone).
IF YOU HAVE ANY QUESTIONS ON OUR PERMITTED PAYMENTS, PLEASE DO NOT HESITATE TO CONTACT US.
CLIENT MONEY PROTECTION provided by ARLA Propertymark of which Alan Francis is a licensed member – www.arla.co.uk
INDEPENDENT REDRESS provided by TPOS (The Property Ombudsman Scheme) of which Alan Francis is a licensed member – www.tpos.co.uk