CLIENT MONEY PROTECTION (CMP) PROVIDED BY: DEPOSIT PROTECTION SERVICE
INDEPENDENT REDRESS PROVIDED BY: THE PROPERTY REDRESS SCHEME (PRS)
TERMS AND CONDITIONS OF APPLICATION IS SUBJECT TO CONTRACT
Holding Deposit |
1 weeks' rent
Upon successful application of tenancy, this will form part of the security deposit |
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Security Deposit |
5 weeks' rent*
Refundable at the end of tenancy, subject to check out report and standard wear and tear to cover the risk of property damage. This will be protected in a Government-authorised scheme and may be returned at the end of the tenancy. *if the annual rental amount exceeds £50,000, the agent may request a 6 week deposit |
Other fees and charges |
Where actions of the tenant results in the agent (or nominated contractor) attending costs incurred the property, time to remedy the situation is charged at prevailing rate. |
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Changes to the tenancy agreement | £50 incl. VAT will be charged to make any changes to the tenancy agreement once the tenancy has commenced. This includes but is not limited to; the addition of a pet, removing/changing a tenant & changing the internal/external decorations. |
Unpaid direct debit or reversal of payment | £50 incl. VAT per transaction |
Debit and Credit Card Charges | A Charge of 2.9% + £0.20 will be applied to each transaction made by overseas debit and credit card payments. A charge of 1.4% + £0.20 will be applied to each transaction made by UK debit and credit card payments. |
Late Rental Payments | In the event of the Tenant failing to pay any or all of the rent on the date that the rent is due, and/or any other money payable under this Agreement remaining unpaid after the same becomes payable to pay interest at the rate of 4% on all outstanding monies from the date upon which each payment becomes payable until payment is made in cleared funds. |
Let only service 10% excl. VAT
Let with rent collection 12% excl. VAT
Full Management 18% excl. VAT
IF YOU HAVE ANY QUESTIONS REGARDING OUR FEES, PLEASE ASK A MEMBER OF OUR TEAM.