Information for Tenants/ Charges
Rent: Usually payable quarterly or calendar monthly in advance. Cleared funds to be received by the due date. Please ask for a standing order form if this method of payment is preferred. Rent is exclusive of charges for telephone, gas, electricity, council tax and in most cases water rates, heating and hot water.
Term: The minimum term for long lets is six months and generally properties are let on an annual basis. General and business release clauses are inserted into contracts by negotiation.
Holding Deposit: 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).
Deposit (per tenancy): Rent under £50,000 per year = Five weeks rent. Rent of £50,000 or over per year = Six weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy. The deposits are usually held by Plaza Estates as stakeholder. Monies will be refunded after the termination of the tenancy once both parties have agreed any dilapidation charges which will be deducted accordingly. We are members of the Tenancy Deposit Scheme (TDS.) www.tenancydepositscheme.com.
Utilities: Plaza Estates will notify the utility companies of the transfer of accounts with meter readings if applicable. We will also notify the local authority with regard to council tax. Tenants must liaise directly with British telecom, cable, satellite providers. Any burglar alarm charges will be the responsibility of the tenant.
TV Licence: The Tenant is responsible for paying the licence fee for any television set in the property during the tenancy.
Inventory: It is usual for an independent inventory clerk to be appointed to record the condition of the property at the commencement and termination of the tenancy.
Default Fees: For AST’s we will charge 3% above the Bank of England base rate on any rents paid more than 14 days late. We will also charge tenants reasonable costs to cover replacement of lost keys/security devices.
References: We will require references on any prospective Tenant (and any Guarantor), usually from a UK bank or building society, an employer or personal referee and where possible one from a previous Landlord or Landlords' Agent. Banks usually make a nominal charge to the customer for referencing.
Company Let Fees: A charge will be made of £264 including VAT per tenancy (not per individual) for the tenancy agreement and referencing process if it is handled by us. A charge of £132 including VAT will be made to a tenant for renewal agreements. Inventory charges are made at cost. End of tenancy works arranged on behalf of the tenant by our managing department will attract a handling fee of 12% inclusive of VAT. Please note that all properties, unless stated, are available on a fully furnished long let basis. Please telephone for further information on properties new to the market. We subscribe to an agent multiple listing site enabling us to carry out a broad market search for you. Our negotiators will be pleased to be of assistance.
Please advise us if you have a pet or if there is anything that is of particular importance to you. Should you have a query regarding any aspect of renting a property, please speak to one of our staff.