Refundable Deposit is equal to 5 weeks rent.
Refundable Holding Fee is equal to 1 weeks rent which will form part of the first month’s rent for the property should the tenants proceed. Cranes Lettings Ltd reserve the right to retain this holding deposit in the event that:
the tenant fails the credit check; the tenant provides false or misleading information which reasonably affects the decision to let to them; the tenant decides not to proceed with the property; the tenant fails to take reasonable steps to agree a move in date within 2 weeks of Cranes Lettings Ltd receiving the holding deposit.
Late Rent Fee will be charged at 3% above the Bank of England base rate per day.
Replacement of a lost key/security device Cranes Lettings Ltd will charge the tenant £20 + VAT on top of the cost of the replacement.
Changes to the Tenancy Cranes Lettings Ltd will charge £50 + VAT for amending the tenancy agreement at the tenant’s request (i.e. change of sharer or permission to keep pets at the property).
Early Termination Fees if a tenant requests to vacate a property before the end of their fixed term Cranes Lettings Ltd reserve the right to charge the tenant for the full cost of re-letting the Property and any loss of Rent incurred by the Landlord as a result of the Tenants’ action.
Cranes reserve the right to charge for non-payment of all utilities and council tax which can be deducted from the security deposit.
The Landlord agrees to pay and/or permit the deduction of fees, without deduction or set-off, as set out below dependent on the Landlord's instruction above (all figures are exclusive of VA T).
Tenant Find 10% of gross rental income for the duration of the term subject to a Minimum Fee, whether or not the tenancy is terminated by the tenant before the end of the fixed term. Abortive fee (payable in the event that the Landlord withdraws the Property from the market) - £100.00.
Tenant Find and Rent Collection As above in respect of the Tenant Find service with additional fees of 2.5% to be charged and deducted on a monthly basis from all rents collected.
If we can be of any further assistance or you would like further information, please contact us on 01234 750900 and we will be delighted to help you.