TENENTS FEE SCHEDULE
Holding Deposit (per tenancy)
ONE WEEK'S RENT. The holding deposit means you are committed to renting the property. The property will be held off the market for tenants until reference checks are successful. Please NOTE: the holding deposit will be forfeited if any relevant person ( including any guarantor(s)) withdraw from the tenancy, provide materially significant false or misleading information causing the reference check failed, or fail to sign their tenancy agreement (and/ or Deed of Guarantee) within 14 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. The security deposit will be held under the Deposit Protection Services (DPS) . 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 WEEKS' RENT. The security deposit will be held under the Deposit Protection Services (DPS) . This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent
To pay interest at 3% over the Base Rate of the Bank of England on any late payments of Rent from the day on which the Rent was due until it is paid.
Lost Key(s) or other Security Devices
In the event that any such keys are not returned, the Tenants shall pay for the cost of £50+VAT for each key or security devices for lost or damaged incurred by the Landlord or Agent in replacing the locks to which the keys belonged.
To pay for the cost of £100+VAT to the Landlord or Agent of replacement of each remote control that have been lost or not been returned at the end of the Tenancy.
Change of Sharer (Tenant‘s Request)
£50 + VAT per replacement tenant or any reasonable costs incurred if higher. To over the costs regarding to taking landlord's instruction, new tenant referencing, and deposit registration as well as the preparation of the new legal documents.
Early Termination (Tenant's Request)
If the new Tenancy period is less than the original Tenancy period, the Tenants are liable for the amount of the Rent which is not covered by the new Tenancy.
If the new Tenancy is for a lesser rent, the Tenants are liable to pay for the amount equal to the difference between the original Rent and new lower rental figure up to the end of the original Term.