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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, 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).

Security Deposit (per tenancy. Rent under £50,000 per year)
Five weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.

Security Deposit (per tenancy. Rent of £50,000 or over per year)
Six weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.

Unpaid Rent
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 any other persons requiring keys will be charged to the tenant. Replacement keys a charge of £20.00 (inc. VAT) is applied. 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).

Variation of Contract (Tenant’s Request)
£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 (Tenant’s Request)
£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 (Tenant’s Request)
Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property 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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Our Services

Services Hansons Estates

Letting Service (Introduction of Tenant)

  • Prepare particulars of the property and rental value.
  • Market the property for Letting.
  • Obtain full references on all prospective Tenants.
  • Inform the Landlords of Safety Regulation to adhere to.
  • Prepare the Tenancy Agreement and relevant notices.
  • Collect the first month’s rental in advance.
  • Collect a security deposit/Bond.
  • Advise the Tenants of the procedures for registering with the appropriate domestic services.
  • Prepare an Independent Inventory (optional).
  • Check the Tenants into the property (optional)

Letting & Rent Collection

(In Addition to the Letting Service)

  • Make arrangements for the collection of the rental.
  • Prepare monthly statements.
  • Chase late rents.
  • Check the Tenants out of the property (optional).

Full Management

(In Addition to the Letting and Rent Collection Service)

  • Arrange for any property maintenance and repairs as per your instructions (subject to Terms of Business).
  • Carry out Quarterly property visits and report to the Landlord.
  • Liasing between Landlord and Tenant.
  • Supervise that the Tenant(s) comply with the Terms of the Tenancy Agreement signed.
  • Review rental values and renewal of tenancies.
  • Arrange for check-out of the Tenant at the end of the Tenancy (optional).

Management Plus

(Subject to an Insurance Policy)

This ‘peace of mind’ service will provide the Landlord with that extra security should there ever be any shortfall of rent or the Tenant breaches their tenancy obligations and leaves the property with outstanding rent due.

The rental can be fully protected through and inexpensive reliable insurance rental warranty policies which can be activated for you at the start of the tenancy should you require it.

Details of the Rental Warranty Scheme are available at request.

Note

The management plus service mentioned is subject to the conditions set out in our Terms of Business and insurance policies.