ASSURED SHORTHOLD TENANCY (AST)
Holding Deposit (per tenancy) - One week’s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraws 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 Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security Deposit - Refundable tenancy deposit capped at no more than 5 weeks’ rent where the total annual rent is less than £50,000, or 6 weeks’ rent where the total annual rent is £50,000 or above. 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 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.

Replacement of keys - You will be responsible for covering the reasonable costs of replacement of lost keys and/or security device giving giving you access to the housing.

Late return of keys - You will be charged your daily rent and any reasonable costs incurred by the landlord.

Variation of contract - Payments capped at £50 (or reasonably incurred costs, if higher) for the variation, assignment or novation of a tenancy.

Early termination of contract - Payments associated with early termination of the tenancy, when requested by the tenant.

Breach of contract - Contractual damaged will be sought for any loss the landlord has incurred due to the breach.

COMPANY AGREEMENTS
Company application fee - £360

PLACES BIRMINGHAM ARE MEMBERS OF:
ARLA Propertymark (Client Money Protection)
The Property Ombudsman
The Tenancy Deposit Scheme (TDS)

All fees shown include VAT at the prevailing rate. PLACES Birmingham reserve the right to change these fees at any time.

Please note that lettings agents are required by law to publish on their websites information for potential tenants about relevant fees, redress schemes and client money protection schemes (including the names of those schemes). Relevant fees must also be published on third party websites, such as Rightmove. For properties to rent in England and Wales, details of the agent's membership of any redress scheme and client money protection scheme must also be published with their fees on Rightmove. It is the agent's responsibility to ensure that all relevant information is provided to Rightmove and is up to date and accurate. If the relevant information does not appear here, the agent may have included it within the property description.

Properties To Rent by Places, Birmingham