A holding deposit equivalent to 1 weeks rent is payable to confirm the letting of a property.
Once we have your holding deposit, current legislation stipulates that the necessary paperwork should be completed within 15 days or such longer period if agreed.
If during that period you decide not to proceed with the tenancy, your holding deposit will be retained.
If during that period you unreasonably delay in responding to any reasonable request made by our firm, or you have provided us with false or misleading information or if you fail any of the checks which the Landlord is required to undertake under the Immigration Act 2014, then your holding deposit will not be returned.
This will be withheld if any relevant person (including any guarantor(s)) 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).
Should you be offered and you accept a tenancy with our Landlord, then your holding deposit will be credited to the first months rent and thereafter you will be required to pay certain fees for any breach of that tenancy agreement in line with the Tenant Fees Act 2019.
First months rent:
in advance prior to commencement of the tenancy.
A tenancy deposit equal to 5 weeks rent is payable prior to commencement of the tenancy which will be registered with the DPS.
How To Rent Guide:
This guide is for tenants and landlords in the private rented sector to help them understand their rights and responsibilities. It provides a checklist and more detailed information on each stage of the process. Please click here for the latest version.
Early termination:(when requested by the tenant)
You will be allowed to surrender or give up your Agreement before it could otherwise lawfully be ended provided that you satisfy any reasonable conditions that may include paying the Landlords reasonable costs and losses associated with re-letting the Property.
If you fail to pay the rent lawfully due in full before the end of the period of 14 days from the Rent Payment Date you will pay interest at an annual percentage rate of 3% above the Bank of England base rate to the amount of rent that remains unpaid for each full day the payment is outstanding.
You will pay all reasonable costs incurred by the Landlord or Agent in respect of keys lost or other security devices giving access to the Property that are lost during the Term.
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).
Changing tenancy documents: (after commencement of tenancy on tenants request)
A fee not exceeding £50.00 (inc vat) will be charged for agreeing an assignment and or change of your tenancy subject due to the landlords consent.
Variation of Contract: (after commencement of tenancy on tenants 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: (after commencement of tenancy on tenants 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.
All tenants during the tenancy must pay the providers for gas, electricity, water - telephone and broadband - Installation of cable/satellite - Subscription to cable/satellite supplier - Television licence - Council Tax should they require and use the above.
Other permitted payments:
Any other permitted payments, not included above, under the relevant legislation including contractual damages are optional extras if agreed
Company / Non Housing Act tenancy fees not affected by the Tenant Fee Act 2019:
Under new legislation, we are not permitted to charge Administration/Application fees to Tenants unless the property is being Let by a Company. Therefore, the fees below relate purely to Company Let Properties.
- Tenancy Agreement - £300 inc VAT
- Extension Agreement - £125 inc VAT
- Company Reference - £175 inc VAT
- Administration - £50 inc VAT
- Damage Fee - £90 inc VAT
- Guarantor Reference per guarantor - £100 inc VAT
- Deed of Guarantee - £75 inc VAT
- Check-In (minimum fee) - £72 inc VAT
- Arrears Fee - £30 inc VAT
- Overpaid Rent Return - £25 inc VAT
- Pet Licence - £75 inc VAT
Kingswood Estates ltd is a member of:
UKALA Client Money Protection Scheme (CMP).
The Property Ombudsman (TPO), which is a redress scheme.