In addition to paying the rent, you the Tenant may also be required to make the following payments permitted under the Tenant Fees Act 2019. This information is for Assured Shorthold Tenancies (ASTs) Signed On or After 1st June 2019.
Holding Deposit (per tenancy)
One Week's rent. This is to reserve a property and will be offset against the 1st months Rental. 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 any damages or defaults on the part of the tenant during the tenancy and applies to Assured Shorthold Tenancies (AST).
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 any other persons requiring keys will be charged to the tenant.
Variation of Contract (Tenant's Request) £50 (inc. VAT) per agreed variation.
To cover the costs associated with taking the landlord's instructions as well as the preparation and execution of new paperwork.
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 the landlord's instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new paperwork.
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.
During the Tenancy (Payable to the provider) - Gas, electricity, water, Council Tax , telephone / broadband, Installation of cable/satellite / Subscription to cable/satellite and Television licence
Client Money Protection: Lifestyle Sales and Lettings are a member of The UK Association of Letting Agents (UKALA) who provide CMP (086366)
Redress Scheme: Lifestyle Sales and Lettings are a member of The Property Ombudsman (D7697)
Safe Agent: Lifestyle Sales and Lettings are a registered Safe Agent (S3691)