Tenancy Information for Tenants

For Assured Shorthold Tenancies signed on or after 1st June 2019 the following shall apply: -

Holding Deposit Equivalent to one week’s rental per tenancy. Please note that this will be withheld if the tenant or guarantor withdraw from the tenancy, fails a Right to Rent check, provides false or misleading information, unreasonably delays responding to reasonable requests for information or fails to sign the tenancy agreement by the Deadline for Agreement date.

First month’s rent is to be paid in advance and subsequent monthly rental payments are also paid in advance on due date

Security Deposit
Equivalent of 5 weeks rental per tenancy for total rent under GBP50,000 per annum.
Equivalent of 6 weeks rental per tenancy for total rent of GBP50,000 or over per annum.

Variation of Contract
Sum of GBP50.00 (including VAT) is payable if a tenant requests a variation or assignment of a tenancy, or a replacement or an addition of a Tenant/Occupier, during the tenancy, the tenant will be liable for the Variation of Contract Fee for the preparation of any documents in relation to each variation.

Early Termination
Should the tenant requires and agrees with the landlord to terminate the tenancy before the tenant is permitted to do so, the tenant will be responsible for indemnifying the landlord and the agent for any losses and reasonable costs incurred as a result of the early termination and in the re-letting of the property.

Lost Keys, Fobs/Security Devices
Tenant will be liable for all costs incurred in replacing any keys, fobs or other security devices that are lost during the tenancy for the property and the building where necessary.

Unpaid Rent Interest
Interest at 3% above Bank of England Base Rate shall be applicable on any rent or other monies outstanding and payable under the tenancy agreement.

The Agency (Real Estate) Limited

Independent Redress
Provided by The Property Ombudsman.

Client Money Protection
Provided by Money Shield.