Tenancy Information

If a guarantor is required in order to pass referencing then they would need an annual income/savings of more than 36xmonthly rent and have a good credit score. If the tenant fails to pay the rent then the guarantor becomes responsible to pay.

Tenant Fees in England 2019

HOLDING DEPOSIT

Equivalent of one weeks rent is payable to secure a property. This will be refunded against the first months rent unless the tenant fails referencing due to misleading information or aborts the let. In which case, this will be retained.

SECURITY DEPOSIT

Maximum amount capped at the equivalent of 5 weeks rent.

LOST KEYS

The tenant is liable for the cost of lost keys.

RENT ARREARS CHARGES

These are set at 3% above the Bank of England base rate and are payable after the tenants fall into 14 days of arrears.

CHANGE OF SHARERS AND AMENDMENTS TO TENANCY AGREEMENTS

£50 Inc. VAT

EARLY TERMINATION OF TENANCY AGREEMENT

A tenant will be held liable for rent up until their fixed term has ended. However at landlord’s discretion, you may be asked to only pay rent up until a new tenant has been found and has moved into the property.

Tenant Fees in Wales 2019

HOLDING DEPOSIT

Equivalent of one weeks rent is payable to secure a property. This will be refunded against the first months rent unless the tenant fails referencing due to misleading information or aborts the let. In which case, this will be retained.

SECURITY DEPOSIT

An average security deposit tends to be around the equivalent to 1 month rent. In some circumstances i.e. if the tenant has a pet, it is permissible to ask for a higher amount of deposit for the landlord’s peace of mind and security against any damages that may incur.

LOST KEYS

The tenant is liable for the cost of lost keys.

RENT ARREARS CHARGES

These are set at 3% above the Bank of England base rate and are payable after the tenants fall into 14 days of arrears.

MISSED APPOINTMENTS

If an appointment is missed for an arranged contractor visit, or access in denied including property inspections, the tenant may be charged a payment in default.

CHARGE

Varied, charge dependant on whether there is any loss to the landlord or agent as a result of the missed appointment.

EARLY TERMINATION OF TENANCY AGREEMENT

A tenant will be held liable for rent up until their fixed term has ended. However at landlord’s discretion, you may be asked to only pay rent up until a new tenant has been found and has moved into the property.