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Understanding Your Tenancy Fees
At Bramptons, we aim to make your rental journey as transparent and straightforward as possible. Below, you’ll find a detailed breakdown of any applicable fees related to your tenancy.
If you have any questions, our team is here to help.
Bramptons Estate Agents may process multiple applications for a property, you will be made aware if other applications are being considered by the landlord, marketing of the property will continue until the landlord has accepted an application and the Holding Fee paid.
The Holding Fee is non-refundable if you or your guarantor (if required) give fraudulent information on yours or their application, fail Right to Rent checks, it is also non-refundable if you withdraw from the application or are unable to proceed with the tenancy. If the landlord refuses your application then your Holding Fee will be returned.
The holding fee or reservation, will be a maximum payment of one weeks rent and can form part of the deposit if your application is successful. (Rent £550 per month x 12 months = £6,600 / 52 weeks = £126.92)
Prior to your tenancy starting, you will be asked to pay the balance of the deposit less any holding fee or reservation paid already. The value of the deposit may vary depending on your personal circumstances, but will be a maximum of 5 weeks rent (Rent £550 per month x 12 months = £6,600 / 52 weeks = £126.92 x 5 weeks = £634.60).
This payment must be in cleared funds prior to the start of your tenancy Bramptons Estate Agents Ltd will advise on clearing times for your chosen payment method, please note we do not accept cash or credit card, we do accept debit card or electronic bank transfer.
On receipt of cleared funds for the Holding Fee the property will be taken off the market between the point of acceptance and the date you start the tenancy at your property.
* Should you not proceed with the tenancy we reserve the right to retain your holding fee or reservation to meet any reasonable costs or loss of rent whilst the property was withdrawn from the market. This may apply whether you withdraw from the tenancy or are unable to proceed.
A deposit is a sum of money taken to be held as security for the performance of the agreement and can be used against any costs or damages at the end of your tenancy as detailed in your agreement, this deposit will be held correctly and securely in one of the government approved deposit protection schemes, you will be advised which scheme is being used prior to the commencement of your tenancy however if required at any point prior to the commencement of your tenancy we are happy to give this detail. Bramptons Estate Agents Ltd are Propertymark registered having full client money handling procedures in place. The amount of the deposit is not necessarily the limit of any claim subject to the detail of your agreement.
If you are a student, are unemployed or on a low income, have a low credit score the landlord may still consider your application, you will need a guarantor, your guarantor must be a UK home owner and in a secure financial position to guarantee your tenancy. We will need to carry out reference checks on your guarantor, if required there will be no charge for this referencing.
The guarantor will be asked to read your tenancy agreement and sign a guarantor agreement before the tenancy starts.
We reserve the right to charge a fee equal to 3% over the Bank of England Base Rate for any rental payment more than 14 days overdue, your tenancy may be at risk if rents are not paid in the manner prescribed.
We do not charge a fee for the check out appointment.
Please note that rent is payable until the day you move out of the property and surrender the keys or the end of the tenancy whichever is the latter.
Any other permitted payments, not included above, for breaches of contract or under the relevant legislation including contractual damages. These may include:
Tenant Responsibility
During the tenancy there may be issues arising such as you losing a key to the property, any charge made for the replacement key or locks will be charged at the rate charged by the instructed contractor.
Overpayment of rent
We do not have the authority to cancel your Standing Order at the end of the tenancy, this is your responsibility.
Variation of Agreement
If during your tenancy and subject to the landlords consent if you wish to change the detail of your tenancy by either adding or removing a tenant there will be a fee of £100 inc VAT (per replacement tenant or any reasonable costs incurred if higher), payable and new agreements will be drawn up.
Early Release from Tenancy
This does not give a right to terminate a tenancy earlier than the end of the fixed term and any request will be considered on a case by case basis. If the Tenant is granted permission to terminate the contract early, the tenant shall be liable to the landlord’s reasonable costs in re-letting the property including rent due under the tenancy until the start date of the replacement tenancy.
Tenant Protection
Bramptons Estate Agents Ltd is a member of the Deposit Protection Scheme, which is a client money protection scheme, and also a member of The Property Ombudsman, which is a redress scheme. You can find out more details on our website or by contacting us directly.
If you need to get in touch regarding your a new or existing tenancy, get in touch below.
18-20 George Street
Newcastle-under-Lyme
Staffordshire
ST5 1DJ