All the information you need to know about applying for a tenancy and your responsibilities as a tenant.
A clear and concise overview of what you’ll need to pay at the start of your tenancy.
References will be required from the current employer, previous landlord(s) and possibly a bank. Also, a character reference and credit check will be obtained. Guarantors maybe required in certain circumstances.
A holding deposit equivalent to one weeks rent will be held and can be retained should the applicant fail the Right to Rent check, provide false or misleading information that would affect the Landlord’s decision. you withdraw from the tenancy, or you fail to take all reasonable steps to enter into a tenancy agreement.
A deposit equivalent to 5 weeks rent is payable prior to commencing the tenancy. The deposit is refundable at the end of the tenancy less any charges for damages or breach of contract. Where we hold the deposit, it is as stakeholder and in accordance with the terms detailed in the Tenancy Agreement.
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 be liable for 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 to 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.
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 PEARSONS RESIDENTIAL LETTINGS CLIENT LANDLORDS.
When to pay your rent and what to do about overpaid or late rent
The rent is payable monthly in advance by Standing Order mandate. Field Palmer will ask you to complete a standing order mandate which will be posted to the bank for processing.
Any overpaid rent received will be refunded subject to a £30.00 including VAT administration charge.
Some of the standards that landords will expect of their tenants
What happens when you renew your contract or come to the end of your tenancy
For assistance with contents insurance, we partner with Hazeltoon Mountford (Chartered Insurance Brokers), for which we receive a referral fee. For more information please contact your local branch.
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