Tenant’s Guide
As well as paying the rent, you may also be required to make the following permitted payments. Before the tenancy starts (payable to Kaden Properties Ltd ‘the Agent’)
Holding Deposit: 1 week’s rent
Deposit: 5 weeks’ rent for tenancies under £50,000 per annum and 6 weeks’ rent for tenancies over £50,000 per annum
During the tenancy (payable to the Agent and or the Landlord)
Rent
- A refundable Tenancy Deposit (capped at five weeks rent for rent not exceeding £50,000 per annum or six week’s rent if greater).
- A refundable Holding Deposit to reserve a property (capped at one week’s rent).
- Novation, Variation of Assignment of Contract capped at up to £50 including VAT (or agents reasonable cost incurred if higher (which must be evidenced).
- Surrender of Tenancy (covering the landlord’s costs in reletting the property, all rent outstanding until a new tenant is found (up to the maximum outstanding rent on the tenancy) .
- Default Fees (lost keys or other respective security devices; late rent payment after 14 days rent was overdue capped at 3% above the Bank of England Base Rate (currently at 4%).
- Utilities (water, gas or other fuel, electricity, sewerage); Communication Services (phones other than mobile phones, Internet, Satellite television); Council Tax; Green Deal charge (or any subsequent energy efficiency scheme.
- Payment of £50 for any replacement tenant swap permitted by the Landlord.
Any other permitted payments, not included above, under the relevant legislation including contractual damages.
