The first month Rent
Security Deposit equivalent of 5 weeks rent
(Monthly rent X 12 months / 5 = total) should be the annual rent exceed GBP50,000 the security deposit will increase to six weeks rents. Additions or amendments to the Tenancy Agreement (once the tenancy has commenced) shall incur a charge of GBP50 inc VAT per variation. Where a Tenant loses a key or security device giving access to the property to which the tenancy relates, the cost of the replacement key or security device and locksmith cost shall be charged to the Tenant and a copy invoice of our costs will be provided.
Late rent payments, paid 14 or more days after the due date, shall incur a fee of 3% plus the Bank of England base rate which shall be calculated to the date of payment. In the event of early termination by the tenant, the tenant shall be liable for early termination costs including all rent due under the tenancy until the start date of the replacement tenancy and the landlords costs in re-letting the property.
You will be responsible for costs of all services (where applicable) including gas, electricity, water, telecommunciations including broadband, cable and satelite if applicable and council tax. You are also responsilbe for ensuring that a valid television licence remains in place for the duration of the tenancy.
Smith Melzack Ltd - is a member of the following: The Property Ombudsman - T00937 Client Money Protection Scheme - CM004657