IMPORTANT LETTING APPLICATION & FEES INFORMATION
We DO NOT CHARGE for a tenant application or property holding fee.
AFTER TENANCY SIGNING AND BEFORE MOVING IN
Security Deposit (per tenancy, Rent of less than £50,000 per year):Five weeks' rent. This covers damage 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.
DURING THE TENANCY OR AFTER INITIAL SIGNING
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. In addition our reasonable costs in relation to making any arrangements or communication with regard to the time taken replacing lost key(s) or other security device(s).
Variation of Contract (Tenant's Request):
£50 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):
£95 per replacement tenant. To cover the costs associated with taking landlord's instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the communication preparation and execution.
Early Termination (Tenant's Request):
Should the tenant wish to leave their contract early, an early surrender document will need to be prepared and signed for a cost of £30 per tenant , in addition 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. The landlord's costs and due rent will be no more than the maximum amount of rent outstanding on the tenancy.
Membership and Affiliations:
We use the Custodial Deposit Protection Service for our Deposits and are Members of the Client Money Protect Service (For Landlords and Tenants) CMP004449 and the Property Redress Scheme PRS008820.
All the above information is provided to ensure full transparency in relation to fees and costs associated with renting a property with Key Properties and meet our understanding of the new Legislation, known as the 'Tenant Fee Ban', for renting a property commencing from June 1st 2019.