Tenant Fees Act 2019 permits certain fees/ charges to made under the following circumstances:
Holding Deposit (per tenancy)
One week's rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Security Deposit
(per tenancy. Rent under £50,000 per year)
Five weeks' rent.
This covers damages or defaults on the part of the tenant during the tenancy.
Security Deposit
(per tenancy. Rent of £50,000 or over per year)
Six weeks' rent.
This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent
Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s)
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
During Tenancy
Payments to other third parties: such as Council Tax, utilities or payments for communication services;
Variation of Contract (Tenant's Request)
£50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord's instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant's Request)
£50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher.
To cover the costs associated with taking landlord's instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination (Tenant's Request)
Should the tenant wish to leave their contract early, they shall be liable to the landlord's costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
N.B. Any advertised rent that is stated as per week is for comparison purposes only
A higher rate of rent maybe payable if the landlord agrees to have a pet in the property.
A FULL LIST OF OUR FEES ARE AVAILABLE IN THE OFFICE & ON OUR WEBSITE www.griffingroup.co.uk
Please note that photographic identification, proof of residency, are required before moving into any of the properties listed. Deposits are held in accordance with current legislation. If the rent is in excess of £50,000 per annum, the deposit required will be capped at SIX ( 6 ) weeks.
Working tenants must be earning 30 x monthly rent per annum BEFORE any stoppages.
Guarantors must be earning 36 x monthly rent per annum BEFORE any stoppages and must also be a UK homeowner. Immigration checks may be required to be undertaken by the Agent / Landlord on any or all occupants to comply with the Immigration Act 2014.
Tenancy application terms and conditions can be found in our office and online at :
www.griffingroup.co.uk
Terms and conditions apply. Energy Performance Certificates Are Available Upon Request.
Client Money Protection: Property Mark - Scheme Member No: C0129352
Redress Scheme: The Property Ombudsman ( TPO)
Griffin will employ the services of utilitel who will register change of tenancy updates with the supplier of electric, gas , local council and water board. Should the landlord or tenant agree a switch of electric or gas supply through utilitel we may receive a payment of up to £5 per transaction.
Griffin ( If instructed by a tenant) could earn up to 5% of any removal service offered by our Official Removal Partner - Trunk Logistics LT
