Holding Deposit
1 weeks rent
Deposit
No more than 5 weeks rent
Lost Keys or other security devices
Cost of locks where required, keys and security devices will be charged plus £15 per hour for time taken to replace these where appropriate.
Variation of Contract (at tenant’s request and if agreed by landlord)
£50 inc VAT
Change of sharer (at tenants request and if agreed by landlord)
£50 inc VAT
Late Payment of Rent (14 days or more late)
3% above the base rate
Early Release from Tenancy (at tenant’s request and if agreed by landlord)
Up to £240 if appropriate
Holding Deposit* – Maximum of 1 weeks rent (per tenancy)
* This may be a non-refundable payment
This fee is non-refundable:
– should the Tenant decide not to progress with the application/sign the tenancy agreement within 15 Calendar days
(unless otherwise mutually agreed)
– if the applicant has given false/misleading information on the application form
– any applicant fails a Right to Rent check.
It will be returned to the Tenant in the event the landlord is unable to proceed.
Deposit**
– Standard deposit: No more than 5 weeks rent (per tenancy)
– **This is to cover any damages, dilapidations & defaults there may be, on the part of the Tenant during the tenancy.
Lost Keys or other Security Devices
Tenants are liable for the actual cost of replacing any lost key(s) or other security device(s).
If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the Tenant,
Landlord & any other persons requiring keys will be charged to the Tenant.
Variation of Contract (At Tenant’s Request)
£50 (inc VAT) to cover Agent’s costs in contacting Landlord, taking Landlord instructions, preparation of new contracts (if required) & relevant system adjustments.
Change of Sharer (At Tenant’s Request)
£50 (inc VAT) per replacement tenancy or any reasonable costs incurred if higher.
To cover the costs associated with taking landlord’s instructions, new Tenant Referencing, Right To Rent checks, Deposit Registration and preparation of new legal documents.
Early release from tenancy (at Tenant’s request and if agreed by the Landlord)
If authorisation is given allowing you to vacate the premises before the expiration of any Tenancy Agreement, the Tenant shall be liable for the following:
i) Rent up to the date on which the premises are re-let or the expiration of the Tenancy Agreement, whichever is the sooner.
ii) Council tax, Water Rates, Gas and Electricity charges along with any other bills which are your responsibility under the Tenancy Agreement up to the date
the premises are re-let, or the expiration of the Tenancy Agreement, whichever is the sooner.
iii) There will be a charge of up to £240 (inc VAT) if appropriate, for the Landlord’s costs for re letting the property.
iv) These costs will be no more than the maximum amount of rent outstanding.
Late Rent Payment
Interest will be charged on late rent payments at a rate of 3% above the Bank of England base rate. This is for rent 14 days or more late.
This interest will be charged after 14 days but will be charged on arrears from the due date.
Overpayment of rent
It is the Tenant’s responsibility to cancel the Standing Order at the end of the tenancy.
Maintenance
In the case of the tenant reporting a maintenance issue with the property resulting in a contractor being called out:
– if the contractor investigations find that the fault has been caused by the Tenant/s or an associate of the Tenant/s,
or alternatively no fault exists, any cost for this call out will be the responsibility of the Tenant/s.
Northwood reserve the right to deduct any unpaid monies from the tenancy deposit.
PLEASE BE ADVISED ALL PROPERTIES ARE LET AS SEEN and ALL ARE NON-SMOKING
Northwood reserve the right to add to, alter, or amend any of the above charges without prior notification.
An up to date list of fees and charges are available on request, please speak to your Lettings Consultant regarding this.
All prices correct as of June 2019.
We are proud to have Client Money Protection in place provided by Propertymark. To view our certificate, please see below.
We are a member of The Property Ombudsman who provide a redress scheme for our customers.
