The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments:
Holding Deposit (per tenancy) One week's rent. This is to reserve a property. 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 and applies to Assured Shorthold Tenancies (AST). If Rent is £50,000 or over per year then Six weeks' rent is required.
Late 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, which is more than 14 days overdue
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).
Change of Sharer - £240.00
Fee to be paid where a landlord agrees to an existing joint tenant’s request to leave the tenancy and be replaced with a new joint tenant, to include cost of referencing new tenant and replacement tenancy agreement.
Company application fee - £100.00
£100 including VAT
Renewal/ extension to your tenancy - £105.00
One off charge for each renewal/extension Negotiating and agreeing a tenancy renewal between you and your landlord, including any special clauses or requirements which have been requested, once negotiations are finalised produce final copies for signature.
Variation, novation or assignment of a Tenancy Agreement £50 (inc. VAT). To cover the costs associated with taking landlord's instructions as well as the preparation and execution of new legal documents.
Early Termination Should the tenant wish to leave their contract early, they shall be liable to the landlord's costs in re-letting the property as stated in the tenancy, 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.
Client Money Protection is provided by Propertymark. Redress through The Property Ombudsman Scheme.