New Assured Shorthold Tenancies (AST'S) Signed On or After 1 June 2019
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 week's 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's 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 and any other persons requiring keys will be charged to tenant. Please note: we do not attend to loss of keys as an out of hours emergency .
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, preparation and execution of new documents.
Early Termination (Tenant's Request)
*£300 (inc VAT) Should the tenant wish to leave their contract early, they shall be liable for the costs in re-letting the property as well as all rent due under the tenancy until the start date of replacement tenancy.
During The Tenancy (payable To The Provider If Permitted And Applicable)
Utilities- gas , electricity , water. Communications- telephone and broadband. Installation and subscription of cable/satellite. TV Licence. Council Tax.
Other Permitted Payments
The Agent/Landlord may seek contractual damages for any loss that is incurred where a tenant has breached contract or caused damage/misuse of the property.
Commercial Property Fee Structure can be viewed here
Affinity are members of the Property Redress Scheme and hold Client Money Protection