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Rent, Fees & References

Posted on February 16, 2017 in Tenants by whiteslettings

Rents

Rents are normally quoted calendar monthly, and payable monthly in advance. The tenant is usually also responsible for Council Tax, Water Rates, Gas, Electricity and Telephone costs as well as TV licenses. All rents are payable by bank standing order to our company bank account.

RELEVANT LETTING FEES & TENANT PROTECTION INFORMATION

As well as paying the rent, you may also be required to make the following permitted payments.

Permitted payments

Before the tenancy starts payable to Whites Independent Lettings Ltd

  1. Holding Deposit: 1 week’s rent
  2. Security Deposit: maximum of five (5) weeks’ rent

Acceptable methods of payment

  • Bank transfer – for rents, deposits and tenant default charges

PLEASE NOTE:  THE PAYMENT OF RENT AND SECURITY DEPOSITS BY CREDIT OR DEBIT CARDS IS NOT ACCEPTED

During the tenancy, the following may also be payable to Whites Independent Lettings Ltd

a. Payment of £50 (inclusive of vat) if you want to change the tenancy agreement

b. Payment of interest for the late payment of rent at a rate of 3% above the Bank of England base rate per annum

c. Payment of any unpaid rent or other reasonable re-let costs associated with your early termination of the tenancy

During the tenancy the tenant is liable for the payment of (where applicable):

Utilities – gas, electricity, water
Communications – telephone and broadband
Installation of cable/satellite and subscriptions to supplier
Television licence
Council Tax
Other permitted payments

Any other permitted payments, not included above, under the relevant legislation including contractual damages.

Tenant protection

Whites Independent Lettings is a member of Client Money Protect Ltd of Premiere House, 1st Floor, Elstree Way, Borehamwood WD6 1JH, which is a client money protection scheme (membership number: CMP005206).

Whites also has Professional Indemnity (PI) insurance through Lonsdale Insurance Brokers, London.

Whites are also a member of The Property Ombudsman (www.tpos.co.uk) which is a redress scheme. You can find out more details on the agent’s website or by contacting Whites directly.

Deposit

A deposit will be paid by the tenant to to cover damage, breakages, and any other liabilities under the terms of your tenancy agreement. Please note that under no circumstances can the deposit be used by the tenant to cover rent. Deposits held under a Assured Shorthold Tenancy Agreement are held by The Deposit Protection Service in a custodial scheme and covered under the Tenancy Deposit Protection Scheme in accordance with the Housing Act 2004.

What is the Tenancy Deposit Protection Scheme?

References

As a minimum we will require satisfactory references from your employer (or college), and a previous or current landlord. We may also require a personal reference, and sometimes a guarantor. In addition a credit check will be undertaken. We may use the services of an independent referencing company to obtain and evaluate these references.