Tenancy Information
Tenancy Information
If a guarantor is required in order to pass referencing then they would need an annual income/savings of more than 2.5 times yearly rent and have a good credit score. If the tenant fails to pay the rent then the guarantor becomes responsible to pay.
Tenancy Information in England 2019
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Holding Deposit
Equivalent of one weeks rent is payable to secure a property. This will be refunded against the first months rent unless the tenant fails referencing due to misleading information or aborts the let. In which case, this will be retained.
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Security Deposit
Maximum amount capped at the equivalent of 5 weeks rent.
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Lost Keys
The tenant is liable for the cost of lost keys.
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Rent Arrears Charges
These are set at 3% above the Bank of England base rate and are payable after the tenants fall into 14 days of arrears.
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Change of Sharers And Amendments To Tenancy Agreements
£50 INC. VAT
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Early Termination of Tenancy Agreement
A tenant will be held liable for rent up until their fixed term has ended. However at landlord’s discretion, you may be asked to only pay rent up until a new tenant has been found and has moved into the property.