A large six bedroom HMO, suitable for students or professional sharers. New to the market!!!
No direct fees will be payable by tenants for the setup of a tenancy. The following costs will apply to new tenancies:
Holding Deposit - no more than one week's rent.
A holding deposit is required to secure a property. This amount will later be deducted from the first month's rent. This balance will be withheld if any tenant (or guarantor) provides false or misleading information, or fails to meet paperwork deadlines as agreed (or within 14 days (whichever is later).
Tenancy Deposit - five weeks' rent.
This amount is held against the tenancy for its duration in order to cover any damage to the property (over and above wear and tear) or defaults in rent.
Advance Rent - one month's rent
The first month's rent will be required in advance of the commencement of the tenancy.
Unpaid Rent
Interest will be applied to any unpaid rent at a rate of 3% above the Base Rate for the Bank of England for the duration of any time the rent remains unpaid. This will be applied to the account in the event a rent payment or portion thereof is 14 days or more in arrears.
Lost Keys or Security Devices
The tenant will be liable to the cost of replacing any keys or security devices, to a maximum of £36 (including VAT) per item. If the loss leads to locks requiring replacement, the tenant will be liable for this replacement and the cutting of required replacement keys, including those for the agent, the landlord, and any further tenants.
Variation of Contract (including change of sharer) - £50 (including VAT) per change or new tenant.
Early Termination
In the event the tenant wishes to end the contract sooner than the end of a fixed term, then the tenant will be required to pay for the landlord's costs in re-letting the property as well as any rent due under the current tenancy until the start date of the new tenancy. These costs will be capped at the total of remaining rent for the existing tenancy.
Redress Scheme - The Property Redress Scheme
Client Money Protection - Client Money Protect
Please be aware that these are the costs for Assured Shorthold Tenancies to individuals. Company Lets or non-standard tenancies may carry additional costs. If you have any questions regarding this or any of the costs listed above, please email Click to message, or call Click to call.
