NEW ASSURED SHORTHOLD TENANCIES (ASTs) SIGNED ON OR AFTER 1 JUNE 2019

Holding Deposit (per tenancy):

One weeks 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 Guarantor) 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.

Unpaid Rent:

Interest at 3% above the Bank of England Base Rate from the 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 or 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).

Variation of Contract (Tenants Request):

£50 (inc VAT) per agreed variation: To cover the costs associated with taking Landlords instructions as well as the preparation and execution of new legal documents.

Change of Sharer (Tenants request):

£50 (inc VAT) per replacement Tenant or any reasonable costs incurred if higher: To cover the costs associated with taking Landlords instructions, new tenant referencing and Right to Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Early Termination (Tenants Request):

Should the tenant wish to leave their contract early, they shall be liable to the Landlords 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.

Robert Ellis and Co Ltd is a member of The Property Ombudsman Redress Scheme. Membership Number: T01807

Robert Ellis and Co Ltd is a member of the RICS (Royal Institute of Chartered Surveyors) and as such is governed and covered by its client money protection scheme, full details on request. Firm number: 002372

Robert Ellis and Co Ltd is a member of TDS Deposit Scheme: Membership Number: G03740

If You have any questions on our fees, please ask a member of staff.

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