The Tenant Fees Act prohibits most letting fees and caps tenancy deposits paid by tenants in the private rented sector in England. The ban on tenant fees applies to new or renewed tenancy agreements signed on or after 1 June 2019. Further details can be found in the link below.
Tenant_Fees_Act_2019_-_Guidance_for_landlords_and_agents.pdf (publishing.service.gov.uk)
At the signing of the Tenancy Agreement you will pay:
- A deposit equivalent to one month’s rental.
- Rent for the first month of your tenancy.
During the tenancy:
- You will be responsible to the Local Authority and the service providers in relation to items such as Council Tax, gas, electricity, water, broadband etc
- Default Charges: such as payments for the replacement of lost keys and unpaid cheques
- Tenancy Transaction Charges; variation/early determination of tenancy
Tenant Protection:
Tony Hornby Property Management Services are members of The Property Redress Scheme and also hold client money protection with the Client Money Protect scheme. You can find out more details on our website or by contacting us directly.
The deposits for all Assured Shorthold Tenancy Agreements are lodged either in our account with the Deposit Protection Service or alternatively in the Landlord’s account which must comply with current legislative requirements.
In addition to paying rent for the property, you may also be required to make the following permitted payments:
Tenant Fees (inc VAT):
- In the event of the Tenant losing keys/fobs the Tenant may be liable for the cost of replacement plus £12 (£10 plus VAT) sourcing fee.
- The Tenant must not provide a cheque or other payment that the bank then fails to honour. The Tenant may be liable for administration charges of £24 (£20 plus VAT) on each occasion.
- Rental payments overdue by more than 14 days will be subject to interest at the rate of 3% over the Bank of England Base Rate calculated from the date the payment was due up until the date payment is received.
- Pay the full costs of any action taken for breach of contract or possession of the Property, including court fees and all other associated costs, limited to only those costs the court awards.
Please contact us for further information on applying for a property for rental