Costs and charges for Tenants from June 2019

NEW ASSURED SHORTHOLD TENANCIES (ASTs) SIGNED FROM 1st JUNE 2019

1. Holding Deposit (per tenancy) - One week's rent. 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 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).

2. Security Deposit (per tenancy, Rent of under £50,000 per year) - Five weeks' rent. This covers damages or defaults on the part of the tenant during the tenancy.

3. Security Deposit (per tenancy, Rent of over £50,000 per year) - Six weeks' rent. This covers damages or defaults on the part of the tenant during the tenancy.

4. 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.

5. Lost Key(s) or other Security Device(s) - 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 may be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

6. Variation of Contract (Tenants Request) - £50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlords instructions as well as the preparation and execution of new legal documents.

7. Change of Sharer (Tenants Request) - £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlords instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

8. Early Termination (Tenants Request) - Should the tenant wish to leave their contract early, they shall be liable for the landlords 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. Please refer to our lettings page for details of landlord fees.

9. The Residency Scheme subscription (optional and please call for details);

a. Monthly rental - Up to £999, Monthly subscription - £36.00, Monthly subscriptions (where pets have been agreed) - £48.00

b. Monthly rental - £1,000 to £1,999, Monthly subscription - £48.00, Monthly subscriptions (where pets have been agreed) - £60.00

c. Monthly rental - £2,000 or over, Monthly subscription - £60.00, Monthly subscriptions (where pets have been agreed) - £72.00