Holding Deposit - One week's rent (Rental amount x 12 divided by 52 x 1). Please Note: This will be withheld if any relevant person (including any Guarantor) withdraw from the tenancy, fail a Right-to-Rent check or provide materially significant false or misleading information.
Security Deposit - Five weeks' rent (Rental amount x 12 divided by 52 x 5). This covers damages or defaults on the part of the tenant during the tenancy.
Security Deposit - Six weeks' rent (Rental amount x 12 divided by 52 x 6) This covers damages or defaults on the part of the tenant during the tenancy.
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 Keys or other Security Devices - Tenants are liable to the actual cost of replacing any lost keys or other security device.
Variation of Contract (Tenant's Request) - £50 (inc. VAT)
Change of Sharer (Tenant's Request) - £50 (inc. VAT) or any reasonable costs incurred if higher.
Early Termination (Tenant's Request) - The tenant shall be liable for the landlord's costs in re-letting the property.
Bills are not included in the rental amount and all utilities will be the tenant(s) responsibility, unless otherwise stated within the tenancy agreement.
We are members of The Property Ombudsmen for Redress and PropertyMark for Client Money Protection.
