Tenancy Information
We are a member of UKALA (which includes their Client Money Protection Scheme and membership of their ombudsman service the PRS). The information below is provided to ensure you are fully informed of any fees and costs involved in renting a property.
All fees & charges are shown inc VAT.
Holding Deposit
One week's rentThis will be withheld if any relevant person (including any guarantor(s)) withdraws from the tenancy, fails a Right-to-Rent check, provides materially significant false or misleading information, or fails to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Should tenants fail references, the holding fee will be refunded less £50 per applicant.
Security Deposit (rent under £50,000/year)
Five weeks' rentThis covers damage or defaults on the part of the tenant during the tenancy.
Security Deposit (rent £50,000 or over/year)
Six weeks' rentThis covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent
3% above BoE Base RateInterest at 3% above the Bank of England Base Rate from the Rent Due Date until paid. This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or Security Device(s)
Actual costTenants are liable for the actual cost of replacing any lost key(s) or other security device(s). If locks need to be changed, the actual costs of a locksmith, new lock and replacement keys for all parties will be charged to the tenant. An additional charge of £15 per hour (inc VAT) applies for time taken if extra costs are incurred.
Variation of Contract (Tenant's Request)
£50 inc VATPer agreed variation. Covers the costs associated with taking landlord's instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant's Request)
£50 inc VATPer replacement tenant, or any reasonable costs incurred if higher. Covers taking landlord's instructions, new tenant referencing and Right-to-Rent checks, deposit registration, and the preparation and execution of new documentation.
Early Termination (Tenant's Request)
Landlord's re-letting costsShould 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.
Certificate
UKALA CMP
Client Money Protection
Client Money Protection Scheme
We are a member of UKALA, which includes their Client Money Protection Scheme and membership of their ombudsman service, the PRS. This means your money is protected at all times.
Approved in England by the Department for Levelling Up, Housing and Communities (DLUHC) and accepted by Rent Smart Wales.