Relevant letting fees and tenant protection information
As well as paying the rent, you may also be required to make the following permitted payments.
Holding Deposit: The equivalent of 1 weeks rent
This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially false or misleading information, or fail to sign and enter into contract within 15 calendar days (or other Deadline for Agreement as mutually agreed).
The equivalent of 5 weeks rent for tenancies with rents below 50,000 Per Annum
The equivalent of 6 weeks rent for tenancies with rents at or above 50,000 Per Annum
Late payment of Rent
Payment of interest for the late payment of rent at a rate of 3% over the Bank of England Base Rate. This will be levied if your rent remains unpaid for 14 Days.
Variation of Contract (Per Variation)
Payment of £50 (or reasonable costs incurred if higher) if you want to vary the terms of your tenancy
Payment of any unpaid rent and other reasonable costs associated with your early termination of the tenancy.
Loss of Keys or Security Devices
Tenants are liable for the cost of replacement keys / locks. If the loss requires replacement of the locks, the full cost of the locksmith, lock, keys (for Tenant, Landlord & any other party requiring a Key) will be charged to the tenant. Time spent will be charged at £15 Per Hour (Inc VAT).
Other permitted payments
Any other permitted payments, not included above, under the relevant legislation including contractual damages.
All fees stated are inclusive of VAT
Smartrose is a member of Client Money Protect, which is a client money protection scheme, and also a member of Property Redress Scheme, which is a redress scheme.