Rent - This will be clearly displayed on all advertising and represents the value per calendar month of a property.
Holding deposit – Maximum 1 weeks' rent
Security deposit – Set at a maximum of 5 weeks' rent (per tenancy where the rent is under £50,000 per year). This covers damages or defaults on the part of the tenant during the tenancy
Unpaid rent – Interest at the current Bank of England’s 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
Variation, Novation or Assignment of Contract - £50.00 (VAT Exempt) per agreed variation, to cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
Lost key or security device – 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/or any other persons requiring keys will be charged to the tenant
CMP is a Client Money Protection Membership Scheme for property agents to protect their clients’ money against the theft or misappropriation of the client money by the member’s owners
Johnsons and Partners are a member of Client Money Protect, membership number: CMP013266
