LETTING FEE’S APPLICABLE ONLY TO A TENANT
On application to a tenancy per adult:
References / credit checks
You will be asked to provide information which supports us to carry out a
reference check, such as:
-
bank statements – to assess your income and ability to pay rent
-
a reference from a previous landlord
-
proof of address history (usually up to 3 years)
-
details of current employer – an employer can verify your income and
confirm whether you are trustworthy, reliable and honest.
Not more than one family is referenced per property at any one time.
A holding deposit may be required and subject to a maximum of one weeks
rent of the advertised rent.
It serves as a guarantee to the landlord that the tenant is committed to
taking on the property and a guarantee to the tenant that the landlord will
hold the property for them, pending successful completion of their
suitability tests.
Right to retention of holding deposit for providing false and misleading
information
A landlord or agent may be entitled to retain a holding deposit should a
tenant have provided false or misleading information at the time of applying
for a tenancy. Examples of this could include (but are not limited to)
information coming back from reference checks being different from that
provided by the tenant when applying for the tenancy, such as false
references, misleading details of current employment (including overall
employment status) or CCJs being discovered when the tenant has stated that
they do not have any.
Right to retention of holding deposit for failing to enter a tenancy
agreement
Should a tenant choose not to enter a tenancy agreement, or fail to take
reasonable steps to enter a tenancy agreement, a landlord or agent may be
able to retain the holding deposit.
There are no other application or administration fees.
At start of tenancy per property:
-
One month's rent and
-
Security deposit typically equivalent to one month's rent (minimum £500) to
be held with Deposit Protection Service (no charge for registration).
-
Additional security deposit may be required for pets or furnished homes.
-
There are no other fees.
During the Tenancy:
The recovery from the Tenant of any rent in arrears
or any permitted Payments in Default. A permitted Payment in Default is a
payment required by the landlord or agent arising from a breach of the
tenancy agreement by the tenant, whether late payment of rent after seven
days of its due date or some other breach permitted by regulations and
specified in the tenancy agreement.
These are occasions where it would be unfair for the landlord to be
responsible for meeting the cost to them as a result of the actions of the
tenant.
Tenants to pay all permitted Payments in Default fees attributed to tenants’
negligence;
Actual cost of a contractor’s charges, as evidenced by an invoice or receipt, to visit property, to unlock doors or deliver replacement lost keys.
Actual cost of any keys, security device or lock, as evidenced by an invoice
or receipt.
Actual cost of a contractor’s labour charges, as evidenced by an invoice or
receipt.
Actual cost of contractor’s fee for pre-arranged appointments missed or
refused access, by tenants, as evidenced by an invoice or receipt.
Actual cost of contractor’s labour, including their out of hours fee when
applicable and any parts supplied, as evidenced by an invoice or receipt.
At the end of the Tenancy:
There are no “lettings
agents management fees” payable to Thomas Estates at the end of the tenancy.
The Tenants to have
settled in full all Rent or any permitted Payments in Default which are in
arrears.
The Tenants are liable
to contractors’ actual costs of repairing, decorating or cleaning the
Property or the Contents to the same standard as at the commencement of the
Tenancy, after deduction of reasonable wear and tear, as evidenced by an
invoice or receipt.
The Tenants are liable
to actual contractors’ costs for removal and disposal of abandoned
possessions at the property and to include misuse of local authority
waste/refuse recycling services charges. As evidenced by an invoice or
receipts.
If applicable, the
Tenant may be liable for all court and bailiff costs associated with
enforcement of the Tenancy Agreement, failing to surrender the property in
accordance with legal notices and court awards. All charges set by the
Ministry of Justice and debt recovery agency fees.
Thomas Estates
are members of the Property Ombudsman and subscribe to the Property
Ombudsman Code of Practice, licensed letting managing agents with Rent Smart
Wales and have Professional Indemnity Insurance and Client Money Protection
Insurance.
Fees have been written
in a manner to comply with Section 83 of the Consumer Rights Act 2015 and
Renting Homes (Fees Etc) (Wales) Act 2019 and Renting Homes (Fees Etc)
(Prescribed Limit of Default Payments) (Wales) Regulations 2020.
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