Only applicable to standard Assured Shorthold Tenancies (AST)
As well as paying the rent, the following 'permitted payments' shown below will be charged to tenants entering into an Assured Shorthold Tenancy Agreement (AST) via Balch Estate Agents.
Dilapidation Deposit - Equivalent to a maximum of 5 weeks rent.
During a tenancy:
Rent - regular payments of rent as specified within the tenancy agreement
Rent arrears - Should tenants fail to pay their rent on time they will be incur a late payment fee of 3% above the Bank of England base rate of the agreed monthly rent.
Lost keys and/or security devices - Should tenants lose keys or other devices which access secure areas or damage locks they will be responsible for meeting all associated costs of the relevant contractor concerned. Tenants will also be responsible for covering the costs of replacement devices where applicable and in extreme circumstances Balch Estate Agents may apply an administration charge equivalent to no more than £15 per hour to cover their time in dealing with an emergency situation.
Changes to the tenancy - Should tenants wish to make specific changes to the terms of their Tenancy Agreement after the tenancy has commenced then any such request will need to be received in writing whereupon Balch Estate Agents will discuss this with the landlord concerned. Subject to the amendments being approved Balch Estate Agents will then make the relevant changes, issue new paperwork for signature and apply a charge of £50 including VAT per amendment. Tenants will need to pay these charges once the landlord has formally agreed to the changes requested but prior to Balch Estate Agents completing all relevant paperwork.
Surrender of a tenancy - Should tenants request to end their fixed term early, Balch Esate Agents will need to receive such a request in writing whereupon they will discuss this with the landlord concerned. Should the landlord agree to an early release tenants must continue to pay their rent and related utilities until such time as alternative tenants move in to the property. Tenants will also be required to pay the reasonable costs incurred by the landlord to remarket the property, source suitable tenants and progress an application through to a successful 'move in'.
During a tenancy tenants will also be responsible for meeting the following costs:
General utilities - gas, electricity, council tax and water including sewage etc.
Telephone and Internet - Relevant costs linked to the installation and relevant services
Television - Relevant costs linked to the installation, licensing and relevant satellite or cable services.
Balch Estate Agents are a member of Client Money Protection (CMP) and Deposit Protection Scheme. Balch are also a member of the The Property Ombudsman which is a redress scheme.