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.
Security Deposit (per tenancy. Rent of £50,000 or over per year) Six weeks’ rent.
This covers damages or defaults on the part of the tenant during the tenancy. Deposits are paid in cleared funds on the day that the tenancy agreement is signed.
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. Deposits are paid in cleared funds on the day that the tenancy agreement is signed.
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 (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, 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.
Other Permitted Payments
Any other permitted payments, not included above, under the relevant legislation including contractual damages.
Read Maurice is a member of Propertymark, which is a client money protection scheme, and also a member of The Property Ombudsman, which is a redress scheme. Further details are available on our website or by contacting us directly.
Read Maurice will instruct a third party agency to take up references on behalf of the landlord. Normally, this will include your employer, any former landlord and a character reference. In addition a search of the adverse credit register and a search of the voters roll register will be carried out.
Rents are normally quoted on a calendar month basis. Rents are paid monthly in advance at the beginning of each month by standing order to the Read Maurice client account or directly to the landlord. The first month’s rent together with rent for additional days if appropriate is normally paid, in cleared funds, on the day that the tenancy agreement is signed.
All services will be transferred into the tenants name and will be their sole responsibility
Commencement of Tenancy
You will be required to pay the first month’s rent in advance. This may also be pro rata at the discretion of Read Maurice. If your moving in date is after the first of the month you will be requested to pay the balance of that month plus the first whole month’s rent. This is calculated at the rate of Rent / Days in Month x Days remaining plus 1 month’s rent. Payable in cleared funds into our client account by electronic transfer. Please note we are unable to take cash payments for rent and all rent must be placed into our nominated client account.
VAT is included on all fees quoted.