GLB PERMITTED PAYMENTS
RENT
The rent should be paid at regular, specified intervals.
REFUNDABLE TENANCY DEPOSIT
(equivalent to five weeks rent)
A tenancy deposit is a refundable payment that a landlord or agent can ask a tenant, or a relevant person (i.e. someone acting on a tenant’s behalf) to make. This provides a landlord with security if a tenant causes damage to a property, does not return it in its original condition, does not pay their rent or breaks the terms of their tenancy agreement.
Tenancy deposits are protected within a government backed tenancy deposit scheme
REFUNDABLE HOLDING DEPOSIT FEE
(equivalent to one weeks rent)
A holding deposit fee is taken in order for you to be able to reserve a property whilst referencing checks for yourself are being carried out to ensure you are suitable for the tenancy.
The holding deposit amount will be the equivalent of one weeks rent for your chosen property
Once a holding deposit fee has been received, the property will be reserved for you and no other applications will be taken at this point.
This will only be retained if an applicant provides false or misleading information which reasonably affects our decision to let the property to them
This amount shall be converted to rent upon referencing being completed
LATE RENT PAYMENT
Interest is payable on late payments of rent that has been outstanding for 14 days or more.
REPLACEMENT KEY OR SECURITY DEVICE
£25.00 call out fee plus £10 per key (master keys £25)
CHANGES TO TENANCY
If a tenant requests tenancy amendments and the terms are agreed this will incur a charge of £50.00
EARLY TERMINATION
If a tenant requests to leave before the end of their tenancy an early termination fee will be chargeable.
This will not exceed the financial loss that a landlord has suffered in permitting, or reasonable costs that have been incurred by the agent in arranging for, the tenant to leave early.

Properties To Rent by GLB Property Services Limited, Coventry