Capital properties | fees and terms for tenants
Administration Fee: £156 incl VAT per property & referencing fee of £60 incl VAT per tenant.
All other properties:
Administration Fee: £216 incl VAT per property & referencing fee of £60 incl VAT per tenant.
If you wish to terminate your tenancy prior to the end of your contract, and the landlord agrees to this, you will be responsible for the repayment of the pro-rata commission paid in advance by the landlord to the agent for the unexpired portion of the tenancy, unless you are leaving as per the break clause in your contract.
If you wish to change the identity of the tenants, and the landlord agrees to this, we will need to take up references on the proposed tenant/s and, if suitable, draw up a new contract. We will charge an administration fee of £216 inclusive of VAT per property together with a referencing fee of £60 inclusive of VAT per tenant for this.
RENEWAL OF TENANCY
For our managed properties there is no fee for renewal of tenancy. For non-managed properties, if you wish to extend/renew your tenancy, a charge of £216 incl VAT will be charged.
PAYMENT OF RENT
The first instalment of rent must be paid in cleared funds prior to keys being released for you tenancy. The subsequent rent payments should arrive on the due date by cheque, cash or standing order. For managed properties, one rent should be paid each month and we will not accept multiple payments.
If you pay the rent late, we can charge you interest at the rate of 8% a year once the rent is 14 days late. We will charge you interest until the date we receive full payment.
Capital Properties Management Ltd will take up references based on the details you supply. We will require photographic ID in the form of a Passport or Driving Licence for all applicants. In addition, with effect from 01/02/2016, following the introduction of the Immigration Act 2014, anyone from outside of the E.E.C. (European Economic Community) must provide proof of their visa status and checks will be carried out against this, these may involve checks with the Home Office. Periodic visa checks may be made after a tenancy has commenced. All these references/documents may be passed to your Landlord.
The deposit noted in your contract must be paid in cleared funds prior to keys being released for your tenancy.
Where Capital Properties Management Ltd holds the deposit we will hold it as Stakeholder in a designated Client Account. We will not pay any interest on deposits held.
For non-managed properties, the deposit will be passed to your landlord and he/she will be responsible for protecting it under one of the Government Authorised Deposit Schemes.
Should an independent inventory clerk be appointed to prepare an inventory for the property, the landlord will be responsible for the cost of preparation and any updating of the inventory as well as the check in fee and the tenant will be responsible for the check out fee. Charges are dependant on the size of the property and whether it is furnished or unfurnished. We will be happy to provide specific costs on request.
It is your responsibility to insure your own belongings throughout the tenancy.