Permitted Fees Chargeable to a Tenant
Late rent charges
Interest on arrears will be charged at a rate of 3% above the Bank of England base rate, levied from the 14th day of arrears until payment is received.
Alterations to the AST
£50 inc VAT per agreed variation
Charge for early termination of the contract
Should a tenant wish to leave their contract early, they shall be responsible for the landlord’s costs in re-letting the property, as well as all rent and utilities, due under the tenancy until the start date of the replacement tenancy.
Lost keys and/or security devices
Tenants are liable for the actual cost of replacement keys, security devices, or lock changes, as necessary.
Deposit that Smiths Property Experts are permitted to request and hold:
Property Holding deposit
1 week’s rent (please note that this is non-refundable should references prove unsatisfactory).
Security deposit
5 weeks’ rent for tenancies with annual rent up to £50,000.
6 weeks’ rent for tenancies with an annual rent of £50,000 or more.
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