Available October 2019 - Neat studio apartment on this Modern Sa1 development. The property has Marina views, living room with sofa bed, fully equipped kitchen including fridge/freezer, washer/dryer and electric oven and hob. Bathroom with walk-in shower. Please note there is no parking with this property.
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What permitted payments can I expect to pay if I rent a property with Bay Estate & Letting Agents?
When you have agreed on the property of your choice, Bay Estate & Letting Agents will provide you with a Tenancy Application Form. This helps explain not only the next stages of your application but any permitted payments which are due before you sign your Tenancy Agreement and any which may become payable during and after the tenancy. This will also include confirmation of the agreed rent and the deposit.
Below is a list of our current permitted payments. At any time you are interested in a property, please ask a member of staff for a full breakdown of permitted payments that may be payable before, during and after a tenancy.
Holding Deposit (per tenancy) - One week's rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing). Once the tenancy is agreed, the holding deposit will be put towards the first month's rent.
Security Deposit (per tenancy) - One and a half month's rent (Two and a half month's rent for Students). This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent - If the Tenant does not pay the rent due to the Landlord under the agreement within 14 days of the due date the Tenant will be issued with a reminder from the Landlord's Agent in writing for which there is a charge of £36 (inc. VAT). Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s) -Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord and any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Out of hours call-out - A call-out charge of £60 (inc. VAT) is payable where the Tenant has locked themselves out of their property and the Agent is called out to the Property outside office hours. If a replacement key cannot be found, the call-out charge is payable and the Tenant agrees the cost of a locksmith charge.
Property visits as a result of breach of tenancy - In the case of a breach of the terms of the tenancy by the Tenant or visit to the Property due to Tenant misuse of the Property, a reasonable administration charge may be made in addition to the costs of any remedial work, in order to compensate the Landlord or Agent his reasonable expenses. This includes maintenance call-outs resulting from tenant misuse or missed appointments for contractor call-outs that result in a call-out charge.
Rent payments that are not by standing order - To pay a card or cash processing fee of £24 (inc. VAT) where rent is paid by means other than Bank Standing Order and to pay a 3% surcharge for commercial or international card payments and £1 per hundred pounds if cash payment is agreed. Please note that if the Tenant fails to cancel the standing order at the end of the tenancy, there is a £36 (inc. VAT) charge for returning overpaid rent.
Early Termination (Tenant's Request) - Should the tenant wish to leave their contract early, an early termination fee of £420 (inc. VAT) is payable if it is mutually agreed between the Landlord and the Tenant that the tenancy is to be ended before the end of the fixed term. The Tenant remains liable for the terms of the tenancy, including rent, until the date that a suitable replacement tenant commences their tenancy and agrees to reimburse the landlord for any costs associated with the early termination.
Company Let Application Fee - £360 (inc. VAT)
Client Money Protection is provided by Propertymark. Redress through The Property Ombudsman
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.