TENANTS PERMITTED PAYMENTS
Before the tenancy starts
- Holding Deposit: one week’s rent, payable on the Landlord agreeing to the proposed letting and commencement date, subject to references. Once the holding deposit is received in cleared funds the property will be withdrawn from the market for fifteen days (eleven working days). If the Tenant provides false or misleading information, fails a reference or right to rent check, or withdraws from renting the property the holding deposit will be retained by the Agent. If the landlord withdraws the deposit will be refunded.
- Tenancy Requirements:
- Deposit: equivalent to five weeks’ rent for any contingencies arising out of the Tenancy in respect of dilapidations and any other outstanding charges. The deposit will be held by The Deposit Protection Service for the duration of the Tenancy. The Tenant is not entitled to any interest accrued on their deposit whilst it is held by the Deposit Protection Service.
- First month’s rent in advance.
- The rent to be paid by monthly standing order.
During the Tenancy
Payment of interest for the late payment of rent at a rate of 3% above the Bank of England base rate where the rent has been outstanding for 14 days or more for each day the payment is outstanding (from the date set out in the tenancy agreement).
Payment of £50 for any changes to the terms of the tenancy agreement when requested by the Tenant and agreed by the Landlord.
Payment for the reasonably incurred costs for the loss of keys/security devices.
Payment of any unpaid rent or other reasonable costs associated with the early termination of the tenancy if requested by the Tenant.
During the Tenancy (payable to the provider) if permitted by the Tenancy Agreement and applicable
Utilities: gas, electricity, water;
Telephone and broadband;
Installation of cable/ satellite;
Other permitted payments
Any other permitted payment, not included above, under the relevant legislation including contractual damages.
Martin & Pole is a member of the Royal Institution of Chartered Surveyors, which includes a client money protection scheme and also a member of the Property Ombudsman redress scheme.