Costs and Charges for Tenants on Assured Shorthold Tenancies

Deposits
When a rental is agreed a holding deposit of one weeks rent will be paid. This will be held by Heywoods whilst references are taken and the Tenancy Agreement drawn up. The Holding Deposit will be used to form part of the Deposit on the Tenancy. If you withdraw from the letting or fail referencing the Holding Deposit will be retained by the Landlord. If the Landlord does not go ahead with the letting the Holding Deposit will be returned to the Tenant.

A security deposit will be the equivalent to 5 weeks rent, to be collected and held during the tenancy against unpaid rent or bills, dilapidations and any other costs or losses incurred as a result of any breach of the terms of the Tenancy Agreement. If the annual rental exceeds £50,000 per annum an equivalent of 6 weeks rent will be collected and held during the tenancy against unpaid rent or bills, dilapidations and any other costs or losses incurred as a result of any breach of the terms of the Tenancy Agreement.

Deposit Protection

Heywoods Estate Agents are members of the Tenancy Deposit Scheme run by The Dispute Service. Any interest earned on the deposit shall be retained by the Agent.

Tenant Protection

Heywoods Estate Agents are members of The Property Ombudsman Scheme, member shop number N00913 and follow their Code of Practice for Residential Lettings, Management and Sales.

Heywoods Estate Agents are part of the Client Money Protection Scheme as run by Propertymark (the governing body for Estate Agents in the UK). Scheme Ref: C0007715.

Inventory

For Tenancies starting after 1^st June 2019 these costs will be met by the Landlord. For Tenancies which started before 1^st June 2019 and end before 31^st May 2020 the Tenant will pay for the check out cost as shown in the Tenancy Agreement.

Late Payment Fees

As shown in the Tenancy Agreement if rent is more than 5 days late interest can be charged at the rate of 3% above the base rate of the Bank of England per annum calculated on a daily basis.

Costs and Charges for Tenants on Assured Shorthold Tenancies

Deposits
When a rental is agreed a holding deposit of one weeks rent will be paid. This will be held by Heywoods whilst references are taken and the Tenancy Agreement drawn up. The Holding Deposit will be used to form part of the Deposit on the Tenancy. If you withdraw from the letting or fail referencing the Holding Deposit will be retained by the Landlord. If the Landlord does not go ahead with the letting the Holding Deposit will be returned to the Tenant.

A security deposit will be the equivalent to 5 weeks rent, to be collected and held during the tenancy against unpaid rent or bills, dilapidations and any other costs or losses incurred as a result of any breach of the terms of the Tenancy Agreement. If the annual rental exceeds £50,000 per annum an equivalent of 6 weeks rent will be collected and held during the tenancy against unpaid rent or bills, dilapidations and any other costs or losses incurred as a result of any breach of the terms of the Tenancy Agreement.

Deposit Protection

Heywoods Estate Agents are members of the Tenancy Deposit Scheme run by The Dispute Service. Any interest earned on the deposit shall be retained by the Agent.

Tenant Protection

Heywoods Estate Agents are members of The Property Ombudsman Scheme, member shop number N00913 and follow their Code of Practice for Residential Lettings, Management and Sales.

Heywoods Estate Agents are part of the Client Money Protection Scheme as run by Propertymark (the governing body for Estate Agents in the UK). Scheme Ref: C0007715.

Inventory

For Tenancies starting after 1^st June 2019 these costs will be met by the Landlord. For Tenancies which started before 1^st June 2019 and end before 31^st May 2020 the Tenant will pay for the check out cost as shown in the Tenancy Agreement.

Late Payment Fees

As shown in the Tenancy Agreement if rent is more than 5 days late interest can be charged at the rate of 3% above the base rate of the Bank of England per annum calculated on a daily basis.