RentalsandSales.CO.UK Ltd

TENANTS FEES

What to pay when renting with rentalsandsales.co.uk

RentalsAndSales.Co.UK operate an ethical and transparent service to both landlords and tenants alike. In our 30 years established business, we have never had any hidden fees – believing this industry requires honesty, passion and care when managing tenancies. We had already removed the need for expensive, unnecessary admin fees for both tenants and landlords before the government had changed its stance and law on this. 

We have a belief that we can provide a high quality service online and offline at a reasonable cost. Applying for a property, placing a holding deposit, setting up a tenancy, processing the deposit, drafting the contract - these services all have no cost to the tenant.


LIST OF TENANCY CHARGES THAT WILL APPLY FROM 1ST JUNE 2019

LATE PAYMENT OF RENT

You will be required to pay interest on the amount of any outstanding rent at the rate of 3% above the Bank of England annual base rate (Charged on a daily basis).

REPLACEMENT OF KEYS OR SECURITY DEVICES

1. Where keys/fobs have been broken or lost you can replace them yourself at your cost. Alternatively, we can arrange this for you. You will be required to pay the costs involved.

2. Where locks or other security devices have been damaged and require replacement, we must arrange for this with our contractor. You will be required to pay the costs involved.

3. Where keys/fobs are stolen, you must report the crime to the police and depending on the situation either new keys/fobs will be needed and/or locks will need to be changed. We must arrange for this with our contractor. You will be required to pay the costs involved.

The costs involved will be the contractors charges and depending on circumstances our administration charge equivalent to £15 per hour (inc VAT). You will be provided with an invoice detailing the charges involved.

VARIATIONS TO YOUR TENANCY AGREEMENT

Should you request any of the listed variations to your tenancy agreement we will endeavor to meet your request; however, it is at the discretion of the landlord and is subject to you paying the required fee.

o The removal of an existing tenant with no replacement

o The replacement of an existing tenant

o The addition of a further tenant

o The change of the rental payment date

o A change to allow pets

The required fee will be £50 (inc VAT) in most cases, however, in complex situations the fee may be higher. Any higher fee will be reasonable for the work involved. We will advise of any such increased fee prior to agreeing to any variation and will provide you with an invoice outlining the work carried out.

EARLY TERMINATION OF THE TENANCY

Should you request an early termination date for the tenancy we will endeavor to meet your request; however, it is at the discretion of the landlord and is subject to you paying the rent up to the early termination date and all the bills up to that date, plus paying for any financial losses the landlord incurs, which will include;

o The costs involved in advertising for, referencing and acquiring new tenants; plus

o The loss of rental income from the date of early termination up to the end of the fixed term of the tenancy (or any break clause date) or to the date any new tenancy begins.

MONIES DUE "BEFORE" MOVING IN


HOLDING DEPOSIT EQUIVALENT TO one WEEK'S RENT (DEDUCTED FROM THE 1ST MONTHS RENT) IS PAID as part payment of all your move in monies as we  COLLECT REFERENCES & PREPARE THE MOVE IN PROCEDURE.

Full move in monies due are 

5 weeks deposit (held with DPS) 

one calendar month rent 



REFERENCING INCLUDES:
IDENTITY

IMMIGRATION AND VISA CONFIRMATION

FINANCIAL CREDIT CHECKS

OBTAINING REFERENCES FROM CURRENT OR PREVIOUS EMPLOYERS / LANDLORDS AND ANY OTHER RELEVANT INFORMATION TO ASSESS AFFORDABILITY.

CLIENT MONEY PROTECTION CERTIFICATE

It is now a legal requirement for all agents to display if they have client money protection or not.

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