ASSURED SHORT-HOLD TENANCIES
Before the Tenancy Starts:
Holding Deposit (Reservation Fee) - 1 weeks rent.
Security Deposit - 5 weeks rent (6 Weeks Rent on Properties With Rent More Than £50,000 a Year).
During the Tenancy
Variation, Novation or Assignment of the Tenancy Agreement - £50.00 Including VAT.
Rent Outstanding for 14 Days or More - 3% Daily Interest Rate (above Bank of England Base Rate).
Payment of incurred costs for the loss of keys/security devices - Itemised quotes per case.
Payment of any Unpaid Rent or Other Costs Associated with Your Early Termination of the Tenancy/Breaking the Contract*
*The Tenant will be required to put their request in writing for the Agent/Landlord to approve. The Tenant will be required to pay the rent until the day before a new Tenancy commences + paying the Landlords¿ reasonable costs incurred in identifying a replacement Tenant.
Other Permitted Payments
Any other permitted payments, not included in the above table, under the relevant legislation including contractual damages.
