Once The Tenancy Has Been Confirmed
Once the applicant has passed the application process a Deposit equal to Five weeks rent must be paid which will be secured with a nominated deposit protection service until the end of the tenancy (the deposit will be used as security against any damages that you may cause to the property and or its content). Shortly before your tenancy commences an inventory fee will be required, an inventory is a legal representation (schedule of condition) of the property and its contents at the commencement of the tenancy to which the document will be used further at the termination of the tenancy to assess any damage caused to the property and or its content which effectively forms the basis of the deposit return. Inventory costs are subject to change due the company that is used to conduct the service also the cost is dependent on the company’s pricing policy (at that present time).
Deposit (per person)£ To Be Confirmed as the cost is dependent on the rental figure of the property
Guide To Tenants
During The Tenancy
The below will details some prominent charges/ penalties that may be applicable to you during the tenancy. Full details are listed in the tenancy agreement.
Landlords can only charge a tenant a late payment fee if it has been written into the tenancy agreement.
The late payment fee can only be charged where the rent payment has been outstanding for 14 days or more (from the date set out in the tenancy agreement).
Any fee charged must be no more than 3% above the Bank of England’s base rate for each day that the payment has been outstanding.
Early Termination Of The Tenancy
As per terms of the Tenancy Agreement should you wish to exit the tenancy early then you are liable for all rent and liabilities falling under the tenancy until such time as a new tenant/s is/are found.
Cost of early termination (without finding a New Tenant) £ you will still be liable for ALL rent and utilities until a New Tenant is found.
If you have found a new tenant to take your place then you are liable for the following costs
Generally the landlord pays for the check out at the termination of the tenancy however you would have to pay for a check out of your room and the communal areas so that damages to your bedroom (if any) can be deducted from your deposit and so the damages to the communal areas can be divided by the relevant number of occupants i.e your share can be deducted from your deposit.
You would have to pay for your bedroom and communal areas to be professionally cleaned as we cannot expect the new person moving in to the property to be liable for cleaning if the property has not been cleaned ( unless the new person signs a waiver form to confirm they are happy with the cleanliness of the property and that they accept liability for cleaning when the end of the tenancy is reached)
**Cleaning Costs - £ is undetermined due to the amount of cleaning required and the company used**
** Check out costs - £ is undetermined due the amount of rooms requiring checkout and the company that is used **
End Of The Tenancy Common Charges
Should you have caused any damage to the property or its contents or left the property in an unclean state then you will be charged from your security deposit other charges from the deposit may include outstanding rent and late payment charges however you are given the opportunity to rectify any damage caused to the property before your tenancy expires should you not remedy the problems (if any) then you will be charged accordingly.
** Chargeable Only If the Below Are Required**
Decoration - £ To Be Confirmed - the cost is dependent on the damage caused and the contractor/company used
Cleaning - £ To Be Confirmed - the cost is dependent on the scale of cleaning required and the company used
Removal of personal belongings - £ To Be Confirmed - the cost is dependent on the amount/weight of items to be removed and disposed of and also the price is dependent on the company/ contractor used
Maintenance - £ To Be Confirmed - the cost is dependent on the works/ materials required and the company/ contractor that is used
Gardening - £ To Be Confirmed - cost is dependent on the scale of gardening that is required however light gardening prices usually start from around £40.00 upwards