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NEW ASSURED SHORTHOLD TENANCIES (ASTs) SIGNED ON OR AFTER 1ST JUNE 2019
Holding Deposit (per tenancy)
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 signifcant false or misleading informaton, 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 writng on the applicaton form).
Security Deposit (per tenancy. Rent under £50,000 per year)
Five week’s 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 week’s rent
This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent
Interest at 0.75% above the Bank of England Base Rate from Rent Due untl paid in order to pursue non- payment of rent. Please Note: This will not be levied untl the rent is more than 14 days in arrears.
Lost Key(s) or other Security Devices(s)
Tenants are liable to the actual cost of replacing any lost key(s) or other security deposit(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.
Variaton of Contract (Tenant’s Request)
£50 ( inc VAT) per agreed variatin
To cover the costs associated with taking landlord’s instructons as well as the preparaton and executon of new legal documents.
Change of Sharer (Tenant’s Request)
£50 (inc VAT) per replacement tenant
To cover the costs associated with taking landlord’s instructons, new tenant referencing and Right-to-Rent checks, deposit registraton as well as the preparaton and executon of new legal documents.
Early Terminaton (Tenant’s Request)
Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letng the property as well as all rent due under the tenancy untl the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
If you have any questions with your fees, please ask a member of staff
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