Tenant Fees & Charges for Housing Act Tenancies & Assured Shorthold Tenancies (AST)
Equivalent of one weeks rent, which will then be deducted from your first rent due at the start of the tenancy. Further information on holding deposits can be found below.
Any clauses specially negotiated after the tenancy agreement has been signed.
£50.00, or any reasonable costs incurred by us if higher than £50.00.
Equivalent to 5 weeks rent.
(If annual rent exceeds £50,000.00, equivalent to 6 weeks rent)
All costs, fees and charges incurred by the landlord for granting early termination, including agent’s existing or re-letting fees.
Change of tenant
£50.00 for new reference & providing new tenancy agreement, or any reasonable costs incurred by us if higher than £50.00
Default Fees & Charges
Unpaid, late, returned rent payments
3% above the Bank of England base rate per annum, calculated daily.
Any costs incurred for the replacement of keys, fobs or associated items which have been lost, damaged or broken
All fees include VAT.
A holding deposit will be taken to show your commitment to the property whilst references are taken and the tenancy documents are drawn up. You will then have up to 15 days to complete and sign the tenancy paperwork.
In some cases, the landlord may wish to continue marketing the property until the tenancy is complete. Any offer you make is subject to contract, references and cleared funds, prior to the agreed move-in date.
If you change your mind about proceeding with the tenancy, if any false or misleading information is provided, or something is not advised to us which you should reasonably have done, the landlord is within his rights to cancel the agreement, and you will not be entitled to receive any of the holding deposit. Such information includes, e.g. being on a short-term employment contract, declaring your income incorrectly, inaccurate employment information, failing to advise of previous missed or late payments, ever having had a County Court Judgement served against you.
In this instance, or if by the end of the holding-period you have not completed the tenancy, the landlord can withdraw from the tenancy and remarket the property. The landlord can also keep your holding deposit in full, or agree another date for you to complete the tenancy.
If the landlord decides not to proceed with the tenancy and none of the above applies, the full holding deposit will be returned to you.
Please contact us if you require any further information.