|Holding Deposit (For Rents Over £435pcm)||£100 per property|
|Holding Deposit (For Rents Under £435pcm)||1 week’s rent|
On Sign Up
|First Month’s Rent||Dependent upon property|
|Deposit||5 weeks’ rent|
Information on Fees
Holding deposit (per tenancy) – One Week’s Rent Up To A Maximum of £100
This is paid to reserve the property and will be held by us for a period of 15 days unless we agree otherwise.
At the end of the 15-day period (or such longer period as we may agree) the deposit will be refunded to you or be offset against your rent or deposit as agreed unless any of the proposed tenants or guarantors:
• withdraw from the tenancy,
• fail a Right-to-Rent check,
• provide significant false or misleading information, or
• fail to sign any of the required documentation (including the tenancy agreement and guarantee)
Allowable Tenancy Deposit per Tenancy
• Where the rent is less than £50,000 pa – Five weeks’ rent
If rent is unpaid for more than 14 days, interest will be payable at 3% pa above the Bank of England base rate, until the rent is paid.
Lost keys or security devices
You will be liable for the actual cost of replacing any keys or other security devices, or, if the locks need to be changed you will be responsible for the actual locksmith’s costs together with the costs of the new lock and replacement keys. If extra costs are incurred there will be a charge of £25 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
If you request any variation to the terms of the tenancy agreement after it has been signed, and which is agreed to, we are entitled to make a charge of £50 (inc. VAT) per variation.
Change of Tenant
If you request leave to change the named tenants in your tenancy agreement then, if we agree to this, we shall be entitled to charge a fee of £50 (inc. VAT) or our reasonable expenses incurred in doing this if these are higher than £50.
Reasonable expenses would include the cost of taking the landlord’s instructions, referencing the new tenant, carrying out a Right to Rent check, dealing with deposit registration, creating a new inventory and the preparation and signature of new legal documents.
Ending a tenancy early
If you want to end your tenancy before the end of the fixed term, and your landlord agrees, then you will be responsible for the landlord’s reasonable costs of re-letting the property as well as all rent due under the tenancy until the start of any new replacement tenancy. However, our costs and rent combined cannot be more than the total amount of remaining rent due under the tenancy.
Note: None of the above affects the Landlord’s right to claim compensation for a breach of contract.
VAT is included in the prices quoted above and may be subject to change based on prevailing rate.
All tenant deposits are registered and protected by “My Deposits” in accordance with the Tenancy deposit Scheme Regulations.
Hackney & Leigh are regulated by the Royal Institution of Chartered Surveyors (RICS) providing client Money Protection and belong to Government Authorised “Property Redress Scheme” (PRS).
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