The Home Rental Company, SA31

Tenancy Application payments and Information: 

All Letting, estate agents are required to comply with the Consumer Rights Act 2015 displaying the tenancy fees that are payable by a tenant.

Permitted payments from the tenant allowed under the Renting Homes (Fees Etc.) (Wales) Act 2019 are; rent, security deposit & holding deposit; and if included in the rent the payment of council tax, utilities, television licence and communication service.

Tenant charges:

Holding Deposit (per Tenancy); one week’s rent.

The Holding Deposit serves as a guarantee to the landlord that you are committed on entering a tenancy (subject to contract) on the property subject to I.D. checks, referencing and credit checks, we also require your most recent 3 months bank statements. 

The Holding Deposit will be withheld if any of the applicant(s) or guarantor(s) withdraw from the application to rent the property, during the period before the tenancy start date as per the tenancy offer letter, or fails to complete the application process or fails to take reasonable steps to enter a tenancy application and pay the first month’s rent and security deposit with cleared funds before the tenancy start date or provide false or misleading information, or omit information, or fail to sign the tenancy agreement before the tenancy start date as agreed as per the offer letter.

Bond/Security Deposit; 5 weeks’ rent. An additional pet deposit may be required.

The Bond/Security Deposit serves to cover any breaches of the terms of the Tenancy Agreement.

Default Payments from the tenant allowed under the Renting Homes (Fees Etc.) (Wales) Act 2019:

Missed Appointments; £60.00 including Vat or £50.00 plus Vat.

Missed Appointment fees are to cover the costs incurred where appointments have been made with a tenant by the contractor or agent and the tenant subsequently refuses entry or the contractor or agent are not able to enter the rental property

Replacement Keys; replacement of lost keys by the tenant requiring the agent to cut new keys and delivery of keys;

Cost of cutting a set of new keys, or spare set being collected from branch by Agent and delivered and provided to the tenant

£50.00 per hour or part there of excluding Vat / £60.00 per hour including Vat, travelling time to the key cutter/Lettings Office and delivery of keys, and return.

£1.00 per Mile travelling distance (as per Google search engine distance by Car) to the key cutter/Lettings Office and delivery of keys, and return

Late/non-payment of Rent; 

£30.00 plus Vat; late payment letter fee; administration of breach of tenancy agreement of non-payment of rent in full and on time;  

£10.00 plus Vat; for each week the rent is not paid,

Interest is payable from the date on which the Rent was due until the date on which the rent is actually 

paid. 

The interest rate will be 3% above the Bank of England Base Rate.

You will be charged each time a breach of tenancy agreement of non-payment of rent (in full and by the due date), a letter will be sent for non-payment of rent, this fee covers the cost of (but not limited to; telephone calls, follow up telephone call, creation of a court file, administration charges to you, a copy of the late letter will be sent to Guarantor if a Guarantor is in place, and liaise with landlord, and take their instructions accordingly.

Early Termination costs; 

If the tenant wishes to terminate the fixed term Tenancy Agreement early, the Tenant will be liable to pay the Landlord’s costs in re-letting the property and all the rent due under the terms of the tenancy agreement including all the utilities and Council Tax until the start date of the of a new tenancy when/if the property is re-let.

Avoidable or wilful damage to the property fee; includes the contractors call out charge and costs, the landlord’s cost of arranging a contractor and the agents fee of £20.00 plus Vat £24.00 including Vat