Holding Deposit Maximum of 1 weeks rent (per tenancy).
This fee is non-refundable should you decide not to progress your application/sign your tenancy agreement within 15 calendar days (unless otherwise mutually agreed) or if you have given false/misleading information on the application form or if any applicant fails a Right to Rent check.
It will be returned to you in the event the landlord is unable to proceed
Deposit Equivalent to 5 weeks rent.
This covers any damages, dilapidations & defaults on the part of the tenant during the tenancy.
During the tenancy:
Late payment of Rent Payment of interest for the late payment at 3% above Bank of England base rate for each day that a rent payment is outstanding. This charge will be applied once the rent has been outstanding for 14 days or more and will then be backdated to the rent due date.
During the Tenancy if permitted and applicable. Utilities – gas, electricity, water and sewerage.
Communications – telephone and broadband.
Installation of cable/satellite.
Subscription to cable/satellite supplier.
Lost Keys or other Security Devices Tenants are liable for 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 £15.00 per hour (Inc VAT), if appropriate, for the time taken replacing any lost keys or security devices
Variation of Contract (At Tenant’s Request and if agreed by Landlord) £50 (inc VAT) to cover agents costs in contacting landlord, taking landlord instructions & preparations of new contracts (if required) & system adjustments.
Change of Sharer (At Tenant’s Request and if agreed by Landlord) £50 (inc VAT) per replacement tenancy or any reasonable costs incurred if higher to cover the costs associated with amending the tenancy agreement to reflect the change.
Early release from tenancy If authorisation is given allowing you to vacate the premises before the expiration of any tenancy agreement, you may be liable for the following:
i) Rent up to the date on which the premises are re-let or the expiration of the tenancy agreement, whichever is the sooner.
ii) Council tax, water rates, gas and electricity charges along with any other bills which are your responsibility under the tenancy agreement up to the date the premises are re-let, or the expiration of the tenancy agreement, whichever is the sooner.
iii) The landlord’s costs for re-letting the property. This is currently £300 (inc VAT).
iv) These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Company Lets A fee of £360 (inc VAT) will be made to cover the costs in respect of taking up references and preparation of tenancy agreements. You will be asked to pay a minimum of £200 of the deposit when the application proceeds in order to secure the property subject to references.
Other permitted payments Any other permitted payments not included above, for breaches of contract or under the relevant legislation including contractual damages.
Please note: Should you report a maintenance issue with the property and a contractor is called out and their investigations find that the fault has been caused by the tenant/s or an associate of the tenant/s, or alternatively no fault exists, any cost for this call out will be the responsibility of the tenant/s. Northwood reserve the right to deduct any unpaid monies from the deposit.
Tenant Protection We hold Client Money Protection through Safeagent. To view our certificate, please click here. We are also a member of The Property Ombudsman, which is a redress scheme.