Before the Tenancy Starts: (Payable to Ridley Properties 'The Agent'):

Holding Deposit: Equal to one week's rent (inc VAT) per tenant to secure the property.

So long as tenant(s) agree to sign the Tenancy Agreement and complete their paperwork within one week, this holding deposit will be taken as part payment towards the first months rent.
If tenants do not proceed, this fee will be withheld

Advance first month rent:

Equal to one calendar months rent calculated by taking weekly rent amount, multiplied by 52 weeks in a year, divided by 12 months. Any 'Holding Deposit' paid will contribute towards this payment.

Damage Deposit:

Payable just before the Tenancy commences, each property will be subject to different damage deposits. Some are flat fees, others are calculated based on monthly rental figure rounded up to nearest ten pound value. This will be defined clearly on all property advertising.

DURING YOUR TENANCY (Payable to Ridley Properties 'The Agent'):

Replacement Tenant Fee: Payable fee of £50 (inc VAT) by the vacating tenant for:

Issuing vacating tenant surrender of tenancy agreement forms to sign
Issuing Agreement to replacement tenant forms for remaining tenants to sign
Creating new tenancy agreement and issuing to all tenants to sign

Plus any additional reasonable costs incurred for:

Conducting additional viewings
Contract negotiation

Replacement Keys during or at the end of Tenancy when keys are not returned:
Payable fee of £35 per key (inc VAT)

Individual Bedroom Lock (at the request of Tenant):
Payable fee of £90 per lock (inc VAT) (subject to each Landlord) for:

- Purchase of HMO regulation lock with one key and full installation.

Late Rent:

Payable fee of £30 per transaction if rent is more than 14 days late. Payment of interest at a rate of 3% per annum on any late payment of rent commencing from 3 daysthe 'due date' of rent.

During Your Tenancy (Payable to the provider) if permitted and applicable:

Utilities:

Gas (where applicable), Electricity and Water bills

TV Licence:

Where a TV is included, payable fee of cost of TV licence directly to TV licencing.

Council Tax:

Payment of Council Tax to local authority where applicable (Students are exempt from this)

OTHER FEES:

Out of Hours Locksmith Services £120 per hour (inc VAT) plus any actual costs incurred for parts, materials, additional time.

Where actions of the tenant results in the agent (or nominated contractor) attending the property, time to remedy the situation is charged at the prevailing rate.

Tenant protection

REDRESS SCHEME

We are registered with The Property Redress Scheme:

CLIENT MONEY PROTECTION

We are part of UKALA who provide us with total loss Client Money Protection.

You can find more details about this on their website:

If you require a copy of our certificate please email us.

Properties To Rent in Holland Park, Newcastle Upon Tyne