Fees applying to all new tenancies from 1st June 2019
Rent
This will be clearly displayed on all advertising and represents the value per calendar month of a property. The agreed rent can be subject to negotiation and may increase or decrease depending on your circumstances and overall property demand. HC Lettings will confirm and agreed the rent amount with you when considering your application.
Holding deposit (per tenancy)— one week’s rent.
This is to reserve a property after you have viewed and had your application accepted by the landlord. 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 Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Security deposit (per tenancy. Rent under £50,000 per year)
Set at a maximum of five week’s rent. This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid rent
Interest at 0.75% 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.
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 any other persons requiring keys will be charged to the tenant.
Variation of contract (tenant’s request)
£50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
Change of sharer (tenant’s request)
£50 (inc. VAT) per replacement tenant. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early termination (tenant’s request)
Should the tenant wish to leave their contract early, they shall be liable to the landlord’s 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. 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 Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Client money protection(cmp) provided by: Propertymark – scheme reference: C0129976
Independent redress provided by: The Property Ombudsman Scheme – membership number: T00613
