Key Property Consultants Fees from 1st July 2019

Holding Deposit
Equivalent to 1 weeks rent. (Annual rent divided by 52)
The property will be reserved once a holding deposit is paid.

The holding deposit will be returned to the tenant within 7 days;
1., Once the tenants sign and begin the tenancy agreement the 1 week rent paid will be deducted from total move in monies.
2.,If the landlord withdraws from the agreement.

The agent can retain the deposit if;
1.,The tenant withdraws their application.
2.,The tenant fails their Right to Rent check.
3.,The tenant doesn t take reasonable steps to enter into the tenancy.
4.,The tenant provides false or misleading information which affects their suitability to rent the property.

Rent Payable
1 months rent in advance whatever has been agreed prior to commencement of the tenancy.

Security Deposit
5 weeks rent if the rent is up to £50,000 per year
6 weeks rent if the rent is more than £50,000 per year
The deposit can be used to cover the cost of damages or defaults on the tenancy.

Late Rent
Interest is payable by the Tenant at a rate of 3% above the Base Rate of The Bank of England on a daily rate once the rent is over 14 days late.

Change of Documentation
£50 inc VAT can be charged if;
1.,The tenant(s) requests a variation to the agreement.
2.,Change of tenant on the agreement.
3.,Addition of any clauses e.g pet clause.

Charges that can be passed to the tenant
Replacement of keys and/or locks.

Utilities
Gas, Electric, Fuel, Water, Council Tax, TV license and any other utility charge that may be applicable is to be paid by the tenant throughout the tenancy term unless agreed otherwise.

Early Termination
If the tenant wishes to terminate the tenancy early, the tenant shall pay the rent until a replacement tenant is found and also bare the cost of the landlord re-letting fees in accordance with Key Property Consultants terms of business. Such fees shall not exceed the amount of the remaining rent of the tenancy.

Tenant Protection
Key Property Consultants are part of the TPO (The Property Ombudsman) which is a redress scheme, we are also members of Safeagent (formally known as NALS) which is part of the CMP Client Money Protection Scheme. We are also members of MyDeposits which is the company who monitors the deposit we protect.

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