Permitted Charges in accordance with the Tenant Fee Act 2019 for an Assured Shorthold Tenancy from 1st June
A holding deposit equivalent to 1 weeks rent is payable to confirm the letting of a property.
Once we have your holding deposit, current legislation stipulates that the necessary paperwork should be completed within 15 days. If during that period you decide not to proceed with the tenancy, your holding deposit will be retained.
A tenancy deposit equal to 5 weeks rent is payable prior to commencement of the tenancy which will be registered with the DPS. Early termination:(when requested by the tenant) You will be allowed to surrender or give up your Agreement before it could otherwise lawfully be ended provided that you satisfy any reasonable conditions that may include paying the Landlords reasonable costs and losses associated with re-letting the Property.
If you fail to pay the rent lawfully due in full before the end of the period of 14 days from the Rent Payment Date you will pay interest at an annual percentage rate of 3 percent above the Bank of England base rate.
You will pay all reasonable costs incurred by the Landlord or Agent in respect of keys lost or other security devices giving access to the Property that are lost during the Term.
Changing tenancy documents: (after commencement of tenancy on tenants request)
A fee not exceeding £50.00 (inc vat) will be charged for agreeing an assignment and or change of your tenancy subject due to the landlords consent.
Variation of Contract: (after commencement of tenancy on tenants request)
£50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlords instructions as well as the preparation and execution of new legal documents.
Change of Sharer: (after commencement of tenancy on tenants request)
£50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlords instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Other permitted payments:
Any other permitted payments, not included above, under the relevant legislation including contractual damages.
Company / Non Housing Act tenancy fees not affected by the Tenant Fee Act 2019:
Under new legislation, we are not permitted to charge Administration/Application fees to Tenants unless the property is being Let by a Company.
SOLAR DEVELOPMENTS LTD T/A STEPPING STONE PROPERTY MANAGEMENT is a member of:
Client Money Protection Scheme (CMP).
The Property Ombudsman (TPO), which is a redress scheme.
Please refer to our website. www.steppingstones.co.uk for full terms and conditions.