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TENANCY INFO

In addition to paying rent for the property, you may also be required to make the following permitted payments:

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).

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

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

Services
Tenants are liable for the reasonable costs for replacing any lost key(s) or other security device(s) giving access to the property.

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 Key(s) or other Security Device(s)
Tenants are liable for the reasonable costs for replacing any lost key(s) or other security device(s) giving access to the property.

Variation of Contract (Tenant’s Request) – £50 (VAT inclusive) per agreed variation.
In consideration of the variation, assignment or novation of a tenancy at the Tenant’s request.

Breach of Tenancy
A payment of damages for breach of a tenancy agreement or an agreement between a letting agent and Tenant

Early Termination (Tenant’s Request)
Where the tenant requests to end a tenancy early, either as early termination of a fixed term tenancy, or in termination of a periodic tenancy without giving the legally required period of notice, the tenant will be liable for the loss of rent suffered by the landlord and the reasonable costs incurred for re-letting the property.