WEAVERS LANE, Bramhall

To protect both tenant and landlord rights, a tenant has to go through a series of checks, referencing and sign tenancy agreements.
There are four types of costs you need to budget for:
1. Your rental payment
2. Your chosen letting agents costs
3. The bills you have to pay on top of the rent
4. The deposit
The rules for how fees will be charged for Assured Shorthold Tenancies (AST) are different to how fees will be charged for Non-Housing Act Tenancies (NHA).
You usually have an AST if:
1. you don't share any accommodation with your landlord and they live elsewhere
2. the rent is less than £100,000 a year
3. the tenant is an individual and is using the property as their main home
Non-Housing Act Tenancies (NHA)
Common Law Tenancies
A tenancy would be created as a NHA if the rent is over £100,000 a year, or where it is not the tenant's main home.
Company tenancies are also NHAs.
A company let is when a company takes on a residential tenancy agreement as the tenant, rather than an individual. The tenancy will be in the company name. The company employee will live in the property.
HOUSING ACT TENANCIES (AST)
You can see all of the money and fees you'll need to pay for Housing Act Tenancies (AST) listed below.
All our fees and charges are shown including VAT.
Holding deposit: Equivalent of one weeks rent, which will be put towards your first rent due on completion of the tenancy. The Holding Deposit is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraws 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).
Any tenancy agreement specially negotiated clauses agreed after the tenancy agreement has been signed: Up to £50, or for any reasonable costs incurred if these are higher than £50
Traditional deposit (annual rent less than £50,000): Equivalent to five weeks' rent.
Traditional deposit (annual rent £50,000 or more): Equivalent to six weeks' rent. This covers damages or defaults on the part of the tenant during the tenancy.
Change of sharer: Up to £50 for one new reference and providing a new tenancy agreement, or for any reasonable costs incurred if these are higher than £50.
Early termination (at landlord's discretion): All costs, fees and charges incurred by the landlord for allowing early termination including the agent's existing or re-letting fees as well as all rent due under the tenancy until the start date of the replacement tenancy.
Stamp Duty Land Tax: Payable on tenancies where the rent (for the whole time a tenant stays in the property) exceeds £125,000.
Bank Charges: There is no charge for payments to UK bank accounts, if you ask us to pay an overseas account we'll charge £30 per payment.
Default fees and charges:
Late, unpaid, returned rent payments: 3% above the base rate of Bank of England per annum, calculated daily.
Lost keys: 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. If extra costs are incurred there will be a charge of £25 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Redress scheme provided by: The Property Ombudsman: T00221
Client Money Protection provided by ARLA Propertymark Client Money Protection Scheme: C0130138