Property Lettings Fees and Important Tenants Fees
Pre-Tenancy A holding deposit equivalent to one weeks rent is required to reserve a property whilst referencing checks are carried out. If successful, this will be used to offset your move-in costs. Where rent is not advertised as weekly, the holding deposit will be calculated as such: (Monthly rent) x 12 Months / 52 Weeks. 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 within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Move-in Costs A security deposit of no more than five weeks rent is due at the start of the tenancy, together with your first months’ rent, in cleared funds. If you have chosen a ‘Reposit’ deposit (Insurance replacement) option, if available, you must fully understand the terms you are agreeing to and their fee* for this service. Please see below for details on additional fees/charges which may be applicable throughout your tenancy depending on your circumstances: Alterations to Tenancy Agreement £50 will be charged where an amendment to the tenancy agreement is required either at the tenants’ request, or where actions of the tenant make a change necessary. These include, but are not limited to:
- Requests to keep pets (subject to consent from the landlord)
- Addition or removal of permitted occupiers
- Requests to alter terms of the tenancy agreement
Client Money Protection
All rents should be paid into our client rent account which is held at Natwest Bank. All deposits are registered with the DPS deposit scheme. Bielby & Wright Property Management LTD trading as Lovelle Estate Agency holds client money protection insurance with Property Mark . Please see individual CMP certificates on the branch page on the website.
Other Charges
Defaults Unpaid Rent:
Where rent has been outstanding for 14 days, interest of 3% above the Bank of England base rate will be charged until rent is paid in full.
Failure to keep appointments – Failure to allow access to the property for an agreed appointment (unless cancelled a minimum of 12 hours before) may result in the callout fee being chargeable to the tenant (maximum charge of £50 inc vat) this applied to visits such as gas safety inspections, periodic inspections and general repairs.
Lost Keys:
Tenants will be responsible for cost of the replacement keys or other security device(s), plus our charge of £15 for time in arranging the same.
Breaches:
Tenants will be responsible for repayment of all costs incurred by the Landlord in respect of a breach of the tenancy agreement, along with the agents’ time in dealing with exceptional work at a rate of £15 per hour .
Early Termination (Tenants Request):
Should the tenant wish to leave their contract early, they shall be liable to the landlords 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. All of the above fees are inclusive of VAT
*Lovelle Lettings may accept referral fees from 3rd parties