The incoming tenant will be liable for one weeks rent to reserve the property.
This will be retained by us if the tenant or any relevant person or guarantor withdraw from the tenancy, provide misleading or significantly false information, this also applies if the tenancy agreement is not signed within 15 calendar days of the agreed move in date.
This is currently capped at 5 weeks rent when the rent is annually under £50,000 and 6 weeks when the rent is over £50,000 per annum.
The above deposit is to cover any damages or monies owed during the term of the tenancy.
In the event of a late payment interest will be charged at 3% above the Bank of England base rate from the rent due date until settled in full.
This charge will not come into force until the outstanding rent is more than 14 days in arrears, interest will then be calculated back from the first day of the arrears.
The tenant/s will be liable of the actual cost for the replacement of keys or associated devices. In the event of lost keys/devices lead to locks needing to be replaced the full cost of the locksmith, new lock/s and any replacement devices will be charged back to the tenant. This includes any replacements keys including ones needed for additional persons as well as the landlord and/or agent.
This will be charged at £50 including VAT and covers the drawing up of any new legal documents, any change of sharer, processing the new sharers application along with related landlord and legal costs.
