Student and Professional Lettings 20/21

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Student & Professional
Lettings
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PERMITTED PAYMENTS
Tenant Permitted Payments
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Payments permitted under the Renting Homes (Fees Etc.) (Wales) Act 2019 by tenants under an assured shorthold tenancy agreement.
Rent
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Payable monthly in advance (unless agreed otherwise).
Security deposit
Payable before the start of the tenancy and held under a government approved scheme for the duration of the agreement. It will be repaid in full provided all tenancy obligations have been fulfilled.
Holding deposit
A holding deposit is a small deposit which is paid by a tenant to secure a property. It allows the landlord or agent to check the suitability of a tenant and serves as a guarantee to the landlord that the tenant is committed to taking on the property, and a guarantee to the tenant that the landlord will hold the property for them, pending successful completion of their suitability tests. A holding deposit can be any amount up to a maximum of the equivalent of one week’s ren
Default payments
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If the tenant breaches the tenancy agreement, they will be liable to the landlord for any losses the landlord suffers.
Council Tax
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Payable to the billing authority if the tenant is liable.
Utilities
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Including water, sewerage, gas (or other heating fuel) and electricity. Payable in respect of the dwelling, and if required in the tenancy agreement. This may be payable to the landlord or to the utility provider.
Television licence
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Payable if the contract holder is required to make a payment to the British Broadcasting Corporation under the tenancy agreement.
Communication services
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Payable to a provider of: internet, cable or satellite television, telephone services other than mobile if the tenancy agreement requires the payment.
Scale of charges:
Charges to tenants:
Key replacement Cost price
Changing, adding, or removing lock or security device Cost price
Rental Overdue
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Rental payments overdue by more than seven days will be subject to interest at the annual percentage rate of 3% above the Bank of England base rate to the amount of rent that remains unpaid at the end of that day.
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