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Permitted payments

Permitted tenant payments for assured shorthold tenancies

Variation/ Novation: £50 inclusive of VAT

Change of Occupier/Sharer Group: £50 inclusive of VAT

Loss of keys: Cost of replacement

 

Rent arrears

The tenant shall pay to the landlord/agent interest at the rate of 3% per annum above the bank of England base rate from time to time on any rent or other money payable under this agreement remaining unpaid for more than 14 days after the day on which it became due.

Security deposits

The amount of the deposit is subject to the following caps:

No more than 5 weeks rent where the annual rent for the tenancy immediately.

After its grant, renewal or continuance is less than £50,000.

No more than 6 weeks rent where the annual rent for the tenancy immediately after its grant, renewal or continuance is £50,000 or more.

 

Refundable holding deposits

Total of 1 weeks rent chargeable per property only (or per room in a room rental agreement).

Held for 14 days whilst referencing takes place.

Client Money Protection is provided by Propertymark. The redress scheme for Intercounty is the Property Obudsman scheme.

 

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