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The tenancy is renewed annually and the total administration fee will be £100-00 (not individually).
If the tenant gives notice to vacate the property before the agreement has ended the tenant must pay reasonable costs (1 weeks rent) towards the cost of re-letting the property as well as paying the rent until a new tenant occupies.
Arrears - To pay our reasonable costs for sending reminder letters (£20 per reminder), for any cheque that does not clear (£25 for each cheque), to pay interest at 4% above Nat West bank base rate on any rent arrears from the date that the rent was due
Rent will be payable by standing order on the 1st of each month, and for rent not paid-in to our bank account charges will apply (£10-00 for cheques and £20-00 for each cash payment).