Permitted payments (All prices are inclusive of VAT)
As well as paying the rent Tenant’s may also be required to make the following permitted payments.
For new Assured Shorthold Tenancies (AST’s) signed on or after 1st June 2019 the following permitted payments will apply:
Before the Tenancy starts (payable to Leo Newman ‘the Agent’): Holding Deposit of a maximum of 1 weeks' rent
Security Deposit of 5 weeks’ rent, increasing to 6 weeks’ rent when the annual rent is in excess of £50,000
During the Tenancy (payable to the Agent):
Changes to the Tenancy Agreement as requested by the Tenant: Payment of £50.00 per change
Payment of interest for the late payment of rent that is overdue by 14 days or more will be at a rate of 3% above the Bank of England base rate
Payment for the reasonably incurred costs for the loss of keys/security devices
Payment of any unpaid rent or other reasonable costs associated with the Tenant’s request for early termination of the Tenancy Agreement
Rent and Utility bills as stated in the Tenancy Agreement
W Lettings & Management Ltd trading as Leo Newman is a member of Client Money Protect [CMP] which is a client money protection scheme provided by CM Protect Limited, and also a member of the Property Redress Scheme [PRS], a redress scheme, which is the trading name of HF Resolution Ltd.