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Before Tenancy |
Fees / Conditions |
When required |
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Signed Terms & Conditions of Renting |
No charge |
Immediate |
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Proof of residency at current address |
No charge |
Immediate |
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Holding Deposit |
One week’s rent |
Once offer accepted |
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Current Passport and Visa / Work Permit, where applicable |
Original ID to be provided for Right to Rent checks |
Immediate |
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Signed Tenancy Agreement |
No charge |
Before tenancy commences |
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First month’s rent |
Agreed rent. Maximum one month’s rent in advance after the tenancy agreement is signed. |
After tenancy agreement is signed and before tenancy starts |
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Security Deposit |
Five weeks’ rent where annual rent is below £50,000; six weeks’ rent where annual rent is £50,000 or more. |
Before tenancy commences |
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Guarantor |
May be required subject to referencing and affordability. |
Before tenancy commences |
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During Tenancy |
Fees / Conditions |
When required |
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Rent payments |
Payable in line with the tenancy agreement. No rent to be requested, accepted or encouraged before the tenancy agreement is signed. |
During the tenancy |
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Gas, electric, water, council tax, TV licence, broadband or other utilities |
Payable directly to the service provider, unless included within the rent. |
During the tenancy |
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Interest on late rent payment |
Maximum 3% above Bank of England base rate, calculated annually on the overdue sum. |
Only once rent is 14 days or more overdue |
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Replacement keys, fobs or security devices |
Reasonable replacement cost, with evidence provided where required. |
When required |
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Change of tenancy terms, e.g. change of occupant |
£50 inc VAT, or reasonable costs if higher and evidenced. |
When change requested by tenant |
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Tenancy renewal / fixed-term renewal |
Not applicable. Standard residential tenancies are assured periodic tenancies from the start. |
Not applicable |
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After Tenancy / Ending Tenancy |
Fees / Conditions |
When required |
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Tenant notice to end tenancy |
Tenant must give valid written notice in line with the tenancy agreement and statutory requirements. |
When tenant wishes to leave |
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Early termination / leaving without giving the correct notice |
Tenant may be liable for rent up to the end of the required notice period, or reasonable landlord losses where a surrender is agreed. |
When requested by tenant |
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Company Licence Only |
Fees / Conditions |
When required |
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Holding / Administration Fee |
£450 (£375 + VAT) |
Once offer accepted |
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Security Deposit for Company Licence |
1.5 x monthly rent |
Before licence commences |