Before the tenancy starts (payable to Oliver Field Associates as “the Agent”)
The holding deposit will be equal to 1 weeks rent. This is taken to reserve a property. Please note this will be withheld if any relevant person (including guarantors) decides not to proceed with the tenancy, the tenant fails the right to rent check, provides false or materially significant misleading information.
The tenancy deposit will be equal to 5 weeks rent, including the holding deposit and is held as security to cover any damages or defaults on the part of the tenant during the tenancy.
During the tenancy
The cost if applicable and permitted for utilities (gas, electric, water), telephone & broadband, TV Licence and Council Tax.
The payment of £50.00 will apply for a change relating to the variation of the tenancy requested by the tenant, such as change of sharer or other variation of the tenancy contract. The cost covers taking landlords instructions, preparation and execution of new tenancy contract documents.
Tenants will be liable to cover the cost for replacing any lost keys or other security devices. If the loss results in locks needing to be changed, the callout cost of the locksmith, the new lock and replacement keys for the tenant(s), landlord and any other persons requiring keys will be charged to the tenant.
Interest will be charged at 3% above Bank of England Base rate from the rent due date until paid in order to pursue non-payment of rent. The charge will not be levied until the rent is more than 14 days overdue.
Tenants who wish to leave their tenancy contract early will be liable for the reasonably incurred costs by the landlord in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy.
End of tenancy
The reasonable cost for any contractual damages to cover loss arising from any breach of contract during the tenancy.
Oliver Field Associates is a member of Safe Agent which is a Government approved Client Money Protection Scheme. Redress is through The Property Ombudsman Scheme.