New Assured Shorthold Tenancies (AST's) signed on or after 1st June 2019.
The following charges are payable or potentially payable by a tenant:
Holding deposit - A maximum of one week's rent, upon payment the property will be reserved.
The ‘deadline for agreement’ for both landlord and tenant will be within 15 calendar days from the date that the holding deposit has been received by the landlord or letting agent. This means that the tenancy agreement must be signed by all parties within 15 calendar days from receipt of the holding deposit.
TRADING STANDARDS:The Holding deposit will be retained by the landlord/letting agent if:
TRADING STANDARDS:The Holding Deposit will be refunded to the tenant within 7 days:-
Unpaid rent - Interest at 3% above the Bank of England base rate, as outlined in the Tenancy Agreement, after being 14 days late.
Lost Keys - Tenants are liable for the cost of replacing any lost keys or security device, including a change of lock or replacement of device if required
Amendments of Tenancy Agreement at Tenant's Request - £50 per change
Early Surrender of the AST at Tenant's Request - Should a tenant need to surrender the tenancy early and the Landlord agrees to re-let the property, the liability for the payment of rent will end once a new tenant is found and takes up occupation. However, the tenant will still need to cover the Landlord's costs in surrendering the tenancy and re-letting the property
As a member of The Property Ombudsman (TPO) for sales and lettings we subscribe to TPO's Codes of Practice. This Government approved independent redress scheme gives consumers additional protection beyond that required by law. Our clients have peace of mind that there is free and fair redress available in the unlikely event of an unresolved dispute involving our agency.
We give our clients peace of mind and financial protection that their money will always be safe in our hands under the Propertymark Client Money Protection Scheme.