Tenants Fees

Our Tenant Fees - With effect from 01/06/19.

The tenant shall be liable for costs/charges in any of the following events:

 

Lost Key(s) or other Security Device(s):

Tenants are liable to 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 and any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour for the time taken replacing lost key(s) or other security device(s).

Variation of Contract (Tenant’s Request):

£50 per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.

Change of sharer (Tenant’s Request):

£50 per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution.

Early Termination (Tenant’s Request):

Should the tenant wish to leave their contract early; they shall be liable to the landlord’s 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.

Deposits

Reserving a Property


Should you make an offer on a property and it be accepted by the Landlord, you will be asked to pay a holding deposit equivalent to one weeks agreed rent. This will remove the property from the market whilst reference checks and preparation of the tenancy agreement are undertaken. The holding deposit is taken as a financial commitment from you, the prospective tenant to proceed towards entering into the agreement.

Once paid, both parties will have two weeks to enter into a tenancy agreement, however this may be extended if agreed by both parties in writing.

Refunding a Holding Deposit


Should you proceed to enter into a tenancy agreement with the Landlord, the holding deposit will be paid towards the balance of your first month's rent.

Should the Landlord choose to withdraw from entering into the agreement, this money will be refunded to you.

Retaining a Holding Deposit


A Holding Deposit will be retained where a prospective tenant:
• Provides false or misleading information which is reasonable considered when deciding a let of a property
• Fails a right to rent check
• Withdraws from entering into an agreement for the property
• Fails to take reasonable steps to enter into a tenancy agreement

Should any of the above occur, Grays Estate Agents retains the right to deduct its reasonable expenses on a case by case basis which may include the administration, referencing or any other costs incurred.
  

Related Information

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