What permitted payments can a tenant expect to pay if they rent a property with Sutherland Reay?
Permitted payments for new Assured Shorthold Tenancies (ASTs) signed after 31st May 2019.
When you have agreed on the property, Sutherland Reay will provide you with a Tenancy Fee Declaration. (Tenant Fee Act 2019). This explains not only the next stages of your application but any permitted payments which are due before you sign your Tenancy Agreement, and any which may become payable during and after the tenancy. This will also include confirmation of the agreed rent and the deposit.
Below is a list of the current permitted payments. At any time you are interested in a property, please ask a member of staff for a full breakdown of permitted payments that may be payable before, during and after a tenancy.
HOLDING DEPOSIT (per tenancy) – ONE WEEK’S RENT
This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
SECURITY DEPOSIT (per tenancy, rent under £50,000 per year) – Five weeks’ rent.
This covers damages or defaults on the part of the tenant during the tenancy.
SECURITY DEPOSIT (per tenancy, rent of £50,000 or over per year) – Six weeks’ rent.
This covers damages or defaults on the part of the tenant during the tenancy.
Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
LOST KEY(S) OR OTHER SECURITY DEVICE(S).
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
VARIATION OF CONTRACT (TENANT’S REQUEST) – £50 (inc VAT) PER AGREED VARIATION
To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
CHANGE OF SHARER (TENANT’S REQUEST) – £50 (inc VAT) per replacement tenant or any reasonable costs incurred if higher.
To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
EARLY TERMINATION (TENANT’S REQUEST).
Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
If you any questions on our fees, please do not hesitate to contact us.
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If all estate agents were like you the world would be a better place! Thank you for selling our home for your help and your personal service. Seasons Greetings
Martin & Jill
Dear Lorraine, Many, many thanks for all you have done for us in the past few weeks. Sutherland Reay are lucky to have you! Sending our best wishes to you, especially, and to all the staff at...
I felt I had to say how pleased I am and what a professional service Megan and Helen have provided. I am really happy with the tenant they found for me and the landlord pack and documentation is...
I have nothing but praise for your letting service. I found it to be an excellent balance between professionalism and friendliness which is hard to find these days. My paperwork was ready when...
Paul and Lorraine, Huge thanks for selling the house! and for being the best estate agents in the area. Many thanks.
Dave & Jeanna
Helen, We’ve been really happy with Sutherland Reay as our letting agent. We found you guys really easy to contact, professional, clear and always cheerful. I think you did such a good job...
Thank you for finding us our new home and helping make the move smooth and easy for us. We’re now settling in with our new puppy and are very happy here.
Huw & Lini
Lorraine, Thank you so very much for all you did to complete our purchase. We love it despite all the jobs we want to do! It really feels like home. You worked so hard for us and the vendor and...
Wendy, Stuart and Jessie the cat
Hi Helen, I am actually fixed up with a flat now, but I would like to say out of all the estate agents I registered with, you have been the most courteous and proactive, I would have no...
Thank you for your efforts to sell our house in New Mills and all your support.
I would like to take this opportunity to thank you all for selling my mum’s house. You dealt with it all really professionally and I appreciated being kept up to date at all times. You are...
Just to say thank you for helping us sell our house last year… especially Lorraine for being so helpful and positive.
Emma, Steve, Lisa and Ollie
Thank you very much for all your hard work, and for being so sympathetic, encouraging and understanding. I am in my new home and I like it!
Hi Amy, Just want to let you know that we have completed on 28 Wood Gardens and we are collecting the keys from your Chapel branch after 5pm. Hilary must have kindly got in touch with her...
Lorraine. I just wanted to say you gave a very professional service and helped the process of moving house pass smoothly; I would recommend you for future commissions.
Mr G BSc (Hons) ICIOB
We’re very pleased by the work of Sutherland Reay. Outstanding: friendly and professional service from beginning to end. The valuation was spot on and buyers were found very quickly....
Thank you very much for all your effort and professionalism to achieve the successful sale of my house. Very happy that we chose Sutherland Reay as our agents, and will definitely be in contact...
Julia & Darren
Hi Peter. Just wanted to say a big thanks for your help getting us moved in. Really appreciate your persistence to get things done quickly. Thanks again. Best wishes.
Lauren & Jacob
Hi Peter. That is absolutely fantastic. Many thanks to you, the Sutherland Reay team and Mrs H for everything you have done and assisted with in the past 2 and a bit years. As a collective you...
Thank you so much for all of your help and advice to make sure my sale went through. Your guidance & suggestions definitely made a difference in ensuring that I could move into my new...
I want to say a huge thank you to Sutherland Reay for the professional service they provided in recently selling our property. From start to finish the service they gave was outstanding and...
We just wanted to drop you a line to say thanks for all of your help with our move. We’re glad to finally be in and you guys made it as seamless as possible. Thanks,
Collected my keys today, I am really pleased with the house, I know it needs a few bits doing to it… but I am confident it’s going to be perfect for me after I’ve done this. I...
Just a quick note to thank you for your perseverance in bringing about a successful sale of the above mentioned property. It took a while but got there in the end.
Dear Alex and everyone else at Sutherland Reay. Now that my house selling and buying is complete I just wanted to thank you for all your hard work throughout the process. You made the whole...
Thanks for all your help and support throughout the process of me buying the house, I really appreciate it and I’ll be sure to recommend your services in the future.
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