RMA Properties – Guide to Charges for Tenants- Updated 1 June 2019
*All charges listed are inclusive of VAT
Holding Deposit
Equivalent to one week’s rental income this needs to be paid whilst reference checks and preparation of the Tenancy Agreement is undertaken. This is Non-refundable where a tenant provides false or misleading information, fails a right to rent check, withdraws from a property or fails to take all reasonable steps to enter into a tenancy agreement.
Company (per tenant) £200
Early Termination Fees
Where a tenant wishes to leave before the end of a fixed term agreement, permission for a tenant change will be granted subject to the landlord’s approval. The incoming tenant will pay a holding deposit equivalent to one week’s rent. This holding deposit will go towards the first months’ rent when the tenancy starts. The change of tenant fee below will be payable by the outgoing tenant and for any additional reasonable costs incurred for the change of the Tenant/s names on the contract. £50 per tenant
Lock Out/Lost & Replacement Keys
Replacement property keys supplied by the Landlord/Agent which are lost or damaged will be charged to the Tenant up to £10 per key or up to £20 for a specialist key or up to £50 for a key fob.
If the lock is damaged and renders the key unusable, the Tenant will be charged up to £20 per key as above or £50 for a fob, plus the cost of replacing the lock.
*All these quoted costs or any higher costs incurred will be evidenced in writing as applicable.
Outside of normal working hours the service is not guaranteed and is subject to staff availability. This service is not available where we do not manage the property:
During office hours 9am-5pm: No costs apply
Outside of the above office hours (external contractor): £40
Locksmith call out: At cost
Late Rent Payment fee
If the Tenant fails to pay the rent on the due date for payment, interest shall be charged on the monies owing at a rate of 3% above the base rate of Bank of England after a period of 14 days being overdue from the due rent date until the date of the actual rent payment being made.
RMA Properties Ltd are a member of The Property Ombudsman (TPO)
RMA Properties Ltd are a member of Client Money Protect (CMP)
RMA Properties Ltd are a member of the Deposit Protection Service (DPS)
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