Permitted Payments: 

Holding Deposit (per tenancy) - Equivalent to one weeks rent. Please note: This deposit 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 Guarantor Agreement) within 15 calendar days (or other Deadline of Agreement as mutually agreed in writing).

Security Deposit (per tenancy, for rents under £50,000 per year) - Equivalent to five weeks rent. 
Security Deposit (per tenancy, for rents of £50,000 or over per year) - Equivalent to six weeks rent. 
This covers damages and/or defaults on the part of the tenant during the tenancy.

Unpaid Rent - Interest at 3% above the Bank of England Base Rate from the 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 the tenant. If extra costs are incurred, there will be a charge of £15.00 per hour (inc VAT) for the time taken replacing lost key(s) or other security device(s).

Variation of Contract (Tenants request) - £50.00 inc VAT per agreed variation To cover the costs associated with taking Landlords instructions as well as the preparation and execution of new legal documents.

Change of Sharer (Tenants request)- £50.00 inc VAT per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking Landlord instructions, new tenant referencing and Right-To-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Early Termination (Tenants request): Should the tenant wish to leave their contract early, they shall be liable to the Landlords costs in re-letting the property as well as all the rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

Mark Templer Residential Lettings & Management is a member of Propertymark, which includes 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 please ask a member of staff if you have any questions.