Permitted payments for new assured shorthold tenancies (ASTs) signed on or after 1st June 2019.
Before the tenancy starts (payable to Digs Residential Letting 'the Agent')
Security Deposit: One month rent - This covers damages or defaults on the part of the tenant during the tenancy and initially encompasses the holding deposit until the reservation is complete.
Holding Deposit: 1 week rent - This is to reserve a property.
Please Note: This will be taken within the security deposit. One weeks rent 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).
During the tenancy (payable to the Agent)
Unpaid 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. 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 devices (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 above and beyond the cost of the key/lock/security device there will be a charge of £15 per hour (inc. VAT) for the time taken replacing the lost key(s) or other security devices (s).
Variation of Contract (Tenants Request): £50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlords instructions as well as the preparation and execution of new legal documents
Change of Sharer (Tenants Request): £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlords instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination (Tenants Request): Should the tenant wish to leave their contract early; they shall be liable to the landlords 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) if permitted and applicable
- Utilities: gas, electricity, water
- Communications: telephone and broadband Installation of cable/satellite
- Subscription to cable/satellite supplier
- Television Licence
- Council Tax
Other permitted payments
Any other permitted payments, not included above, under the relevant legislation including contractual damages.
Digs Residential Letting is a member of ARLA propertymark, which is a client money protection scheme, and also a member of The Property Ombudsman, which is a redress scheme. You can find out more details on the agents website or by contacting the agent directly.
