Tenants Fees
Client Money Protection provided by Client Money Protect. Independent redress provided by The Property Ombudsman.
Holding Deposit
Equivalent to one weeks rental per tenancy. Please note that this may be withheld if the tenant or guarantor withdraw from the tenancy, fails a Right to Rent check, provides false or misleading information, unreasonably delays responding to reasonable requests for information or fails to sign the tenancy agreement by the Deadline for Agreement date.
*If your offer is accepted then this amount will be off-set against the initial first months rental payment, so you are not making the payment twice.
Security Deposit
5 weeks rental per tenancy - Rent under £50,000 per year
6 weeks rental per tenancy - Rent of £50,000 or over per year
Variation of Contract - £60.00 (inc VAT)
If a tenant requests a variation or assignment of a tenancy, or a replacement or an addition of a Tenant/Occupier, during the tenancy, the tenant will be liable for the Variation of Contract Fee for the preparation of any documents in relation to each variation.
Early Termination
Should the tenant agree with the landlord to terminate the tenancy before the tenant is permitted to do so, the tenant will be responsible for indemnifying the landlord and the agent for any losses and reasonable costs incurred as a result of the early termination and in the re-letting of the property.
Lost Keys, Fobs/Security Devices
The tenant will be liable for the costs incurred in replacing any keys, fobs or other security devices that are lost during the tenancy for the property and the building where necessary.
Unpaid Rent
Interest at 3% above Bank of England Base Rate on any rent or other money payable under the tenancy agreement.
Plus, before the start of the tenancy
- rent equivalent to 1 x month's rent (* less the amount paid above) but depending on the terms agreed - security deposit usually equivalent 5 x week's rent
References and Anti-Money Laundering Regulations
All applicant references are undertaken by an independent specialist referencing company. You will be asked to complete their online application form in a timely manner.
Each applicant and guarantor will need to provide us with an original document to prove your identity (current passport/photo driving license) and to prove your current address (such as a bank statement, credit card, utility bill, council tax demand, etc. dated within the last 3 months). We will take photocopies of these documents and return the original to you.
Offer accepted stage
If your offer is accepted (subject to contracts and references) then before the tenancy starts you will need to make the following payments to us by cleared funds, which are usually:
|
Rent (less the holding deposit already taken, as above |
1 x month's rent |
|
Security deposit |
5 x week’s rent |
However, this may vary depending on the individual landlord’s instructions and requirements. Further rents will be taken by standing order mandates and will have to be setup prior to the commencement of the tenancy.
All deposits managed by us for Assured Shorthold Tenancies (AST) will be protected by the Deposit Protection Service (DPS).
Income Tax
Generally you will pay the rent to Haven by standing order, to be credited to your landlord’s account. However if you pay rent directly to your landlord and he/she/they are residents outside the UK for more than six months of the year, then you will be responsible for deducting income tax from your rent (at basic rate) and accounting for this to HM Revenue and Customs on a quarterly basis, unless HMRC confirm to you direct and in writing that you do not need to do this.