Description A spacious, 2 bedroom first floor apartment in central position near to shops. Large roof terrace. Available mid October., No Smokers, No Pets.
Situation Modbury is a picturesque Georgian town situated in an 'Area of Outstanding Natural Beauty', and is only about 4 miles from the nearest beach. Some two hundred years ago it was extremely prosperous being the local market town and a centre for the wool trade. Today there is a good range of local shops including a butcher, baker, grocers, hardware store, chemist, delicatessen and a number of gift and antique shops. Other amenities include a primary school, health centre, dentist, veterinary surgery and mobile library. For more comprehensive shopping, Kingsbridge is to the South and Plymouth about 12 miles West. Modbury is on the main bus route and is also only about five miles form the A38. Nearby there are fine cliff top and coastal walks, other beaches and coves with sailing at Salcombe and Newton Ferrers 18 hole golf courses and Thurlestone and Bigbury and Dartmoor National Park is several miles to the North.
Services Mains water and drainage, Electricity by key meter. Heating by Economy 7 night storage. Property part double glazed.
Counciltax South Hams District Council Band A. Amount Payable for 2019/20 £1,261.49
rent/salaryratio In order to qualify for a tenancy without a guarantor, the total annual income of all tenants need to be at least 30 times the monthly rent. If a guarantor is used, then a calculation of 35 times the monthly rent is used.
Compliance New Assured Shorthold Tenancies (ASTs) effective from 1st June 2019 tenant fees:
Holding Deposit: 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, fail a Right-to-Rent check, 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). Holding deposits are subject to statutory legislation on the repayment should the tenancy not go ahead. If the tenancy does go ahead, the holding deposit must be returned within 7 days of agreement. Alternatively, it can be converted into part payment of the actual deposit or used towards the initial rent payment.
Security Deposit: Rent under £50,000 per year is equivalent to a maximum of five weeks´ rent. (This covers damages or defaults on the part of the tenant during the tenancy. Rent over £50,000 per year is equivalent to a maximum of six weeks rent
Unpaid Rent: Interest will be charged 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 any other persons requiring keys will be charged to the tenant.
Variation of Contract £50 (inc. VAT) per agreed variation. (To cover the costs associated with taking landlord´s instructions as well as the preparation and execution of new legal documents)
Change of Sharer £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. (To cover the costs associated with taking landlord´s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination: Should the tenant wish to leave their contract early, they shall be liable to the landlord´s costs in re-letting the property (see Landlord Fee Schedule) as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
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Permitted Payments And Tenant Protection Information
Permitted Payments For properties in England, the Tenant Fees Act 2019 means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant's behalf) the following permitted payments: • Holding deposits (a maximum of 1 week's rent); • Deposits (a maximum deposit of 5 weeks' rent for annual rent below £50,000, or 6 weeks' rent for annual rental of £50,000 and above); • Payments to change a tenancy agreement eg. Change of sharer (capped at £50 or, if higher, any reasonable costs); • Payments associated with early termination of a tenancy (capped at the landlord's loss or the agent's reasonably incurred costs); • Utilities, communication services (eg. Telephone, broadband), TV licence and council tax; • Interest payments for the late payment of rent (up to 3% above Bank of England's annual percentage rate); • Reasonable costs for replacement of lost keys or other security devices; • Contractual damages in the event of the tenant's default of a tenancy agreement; and • Any other permitted payments under the Tenant Fees Act 2019.
For properties in Wales, the Renting Homes (Fees etc.) (Wales) Bill, once enacted, means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant's behalf) the following permitted payments: • Holding deposits (a maximum of 1 week's rent); • Deposits; • Utilities, communication services (eg. Telephone, broadband), TV licence and council tax; • Payments for the late payment of rent; • A breach of a term of the contract; • Any other permitted payments under the Renting Homes (Fees etc.) (Wales) Bill and regulations once enacted.
Lettings Fees Information from Luscombe Maye
Holding Deposit A holding deposit may be required in order to reserve a property. Holding deposits will be the equivalent to 1 weeks' rent and subject to statutory legislation on the repayment of this should the tenancy not go ahead.
If the tenancy does go ahead, the holding deposit must be returned within 7 days of agreement. Alternatively, it can be converted into part payment of the actual deposit or used towards the initial rent payment.
Tenant Deposit On completion of a successful application and after the signing of contracts; Five weeks rent - This will be held in accordance with the Tenant Deposit Protection Scheme.
Rent On completion of a successful application and after the singing of contracts; The first month’s rent will be payable in advance (unless otherwise agreed)
Tenant Protection • Redress: Luscombe Maye is a member of The Property Ombudsman Scheme. • Client Money Protection: Luscombe Maye is a member of The Royal Institute of Chartered Surveyors Client Money Protection for Residential Agents scheme. • Luscombe Maye is also a member of The Association of Residential Letting Agents – ARLA Propertymark.
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.