The Residence

PERMITTED PAYMENTS

Rent:

• Paid as agreed in the terms set out in your tenancy agreement

Holding Deposit: One week's rent of the agreed price.

The Holding Deposit serves to:

• Show you are willing to move into the property on an agreed date
• Enable us to prepare the property to be ready for your occupation
• Enable us to proceed with references
• Enable us to take the property off the market

Amendments to your Tenancy Agreement during the Tenancy: £50 Inc. VAT

If your landlord agrees to vary the terms of the tenancy an Addendum will be drawn up in order to cover the specific change.

Change of tenant during the tenancy or at renewal stage: £50 Inc. VAT plus reasonable costs incurred

DEFAULT FEES
Loss or Damage to Keys or Security Devices: A reasonable charge depending on related costs.

• The cost of replacing a key or device
• The cost of getting a locksmith to attend if necessary
• Any other costs incurred directly in relation to this
• Payment may be levied upfront

Rent Arrears

• If the rent remains due for more than 14 days from the due date interest will be charged on any amounts of rent due and in arrears at the rate of 3% above the Bank of England annual base rate calculated on a day to day basis from the date the same shall become due until payment in full is made and recover the interest as though it were rent.

CLAIMS FOR DAMAGE:

Costs will be sought to put the landlord or agent back in the position they could have been had the tenant carried out all their obligations as set out in their tenancy agreement. The costs of such damages will be claimed from the tenant's deposit at the end of the tenancy.

For more information view our tenancy guide by clicking here