Professionals

Holding Deposit

A Holding Deposit equivalent to one week’s rent is required 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).

Damages Deposit (Rent under £50,000 per year):

One month’s rent plus £100. This covers damages or defaults on the part of the Tenant during the Tenancy and is held in accordance with the Deposit Protection Scheme.

Students

Holding Deposit

A Holding Deposit of £100 or one week’s rent (if less than £100) is required 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).

Damages Deposit

One month’s rent. This covers damages or defaults on the part of the Tenant during the Tenancy and is held in accordance with the Deposit Protection Scheme.

All Tenants

Rent

Rental payments to use the property as specified on the rent tenancy agreement.

Unpaid Rent

The Tenant shall pay to the Landlord interest at the rate of 3% per annum above the Bank of England base rate from time to time on any rent or other money payable under this Agreement remaining unpaid for more than 14 days after the day on which it became due.

Lost Keys

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. 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).

Variation of Contract – £50 (inc. VAT) 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 – £50 (inc. VAT) per replacement Tenant or any reasonable costs incurred if higher. To cover the costs associated with taking Landlord’s instructions, new Tenant referencing and Right-to-Rent checks, deposit registration 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 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.

Maintenance

If a maintenance issues occurs from negligent actions of the Tenant(s) as defined in the Tenancy Agreement, the Tenant will be liable for the reasonable cost of rectifying the issue. Please note, these costs are likely to be higher is a call out is required outside standard working hours.

Payments for the Provision of Utilities

Agents and Landlords are permitted to charge tenants fees associated with utilities, such as electricity, gas or other fuel, water or sewerage, if this is clear in the tenancy agreement.

Council Tax Payments

Letting agents and Landlords may require tenants to pay the Council Tax on the property they rent.

Payments for a Television Licence

Any payment that a Tenant is required to make to have a television licence is a permitted payment if the Tenant is required by the Tenancy Agreement to make the payment.

Communication Services

Agents and Landlords are permitted to charge Tenants fees associated with communication services, such as telephone (other than a mobile), internet, cable/satellite television, if this is clear in the Tenancy Agreement.