Holding deposits and references: A clear and concise overview of what you’ll need to pay at the start of your tenancy.

1. References will be required from the current employer, previous landlord and possibly a bank and a character reference. A credit check will be carried out.
2. A Guarantor maybe required in certain circumstances
3. A holding deposit equivalent to one weeks rent. The holding deposit can be retained should the applicant fail the Right to Rent check, provide false or misleading information that would affect the Landlord’s decision to grant the tenancy, the applicant withdraws from the tenancy, or the applicant fails to take all reasonable steps to enter into a tenancy agreement.

 

4. A deposit equivalent to 5 weeks rent is payable prior to the commencement of the tenancy. The deposit is refundable at the termination of the tenancy less any charges for damages or breach of contract etc. The deposit may be held in our client account as stakeholder for security of the performance of the tenant’s obligations under the agreement. The deposit will be held in accordance with the terms detailed in the Tenancy Agreement.

Rent: When to pay your rent and what to do about overpaid or late rent

1. The rent is payable in advance and must be paid in time to clear into our account by the rent due date. A standing order must be set up at the time of signing the agreement.

Conditions of Tenancy:

1. Due to social reasons the landlords may request that no pets may be kept at the property. In the event permission is granted This will be conditional on additional clauses being added to the contract including that the carpets must be professionally cleaned/treated after vacating.
2. Landlords may also request that tenants are non-smokers, and any cleaning required to the property at the end of the tenancy due to smoke damage may be reclaimed from the deposit.
3. The tenant on commencement of the Tenancy Agreement will be responsible for the payment of utilities i.e. Council Tax, Water Rates, Gas, Electricity and TV Licence if applicable.
4. The insurance of the building and the Landlords contents are the responsibility of the Landlord, however tenants may wish to protect themselves against accidental damage/loss to the landlord’s belongings, as well as their own private belongings.

Default charges:

Unpaid Rent Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid. This will not become due until the rent is more than 14 days in arrears.

Change of sharer A £50 (inc VAT) or any reasonable costs (if greater) charge on each occasion you request a replacement tenant. To contribute to the costs of obtaining the Landlords permission, referencing, Right-to-Rent checks, deposit registration, and preparing and executing the replacement agreement.

Lost Keys or other Security Devices You will liable to the actual cost of replacing any lost key(s) or other security device(s). If as a result of the loss, locks also needing to be replaced, the actual costs of carrying out the replacement, replacement lock and keys for the tenant, landlord and any other persons requiring keys will be charged you. If the work is required out of office hours an additional charge of £15 per hour (inc VAT) will be payable.

Variation of Contract at the Tenant's Request If you request a change to the terms of your Tenancy after it has commenced a £50 (inc VAT) per agreed variation will be payable. This is to cover the costs associated with obtaining the Landlords instructions, preparing the document and its execution.

Extending or terminating your tenancy: What happens when you renew your contract or come to the end of your tenancy.

1. When the Tenants leave the property there will usually be a final inspection carried out by an independent Inventory Clerk to ensure the property is left in a clean and tidy condition as it was on the commencement of the Agreement (allowing for fair wear and tear).
2. We must inform you that should you wish to terminate the tenancy early and the Landlord agrees, you will be responsible for paying the Landlord's reasonable set up fees in securing a new tenant (see our website for our current setup charges) and the rent until a new tenancy begins or to the end of your agreement, whichever is the sooner.

PLEASE NOTE THAT THE TENANCY AGREEMENT IS A LEGAL BINDING DOCUMENT COMMITTING BOTH THE LANDLORD AND THE TENANT TO THE TERMS CONTAINED THEREIN.

ALL PROPERTIES ARE OFFERED TO LET ON BEHALF OF HAMPSHIRE L&L LIMITED CLIENT LANDLORDS

We are members of Client Money Protection and The Property Ombudsman scheme