Under the Tenant Fee Bill 2019, Tenants are no longer required to pay up front administrative costs to move into a property. However a Permitted Payment is compulsory with Jackson Property in order to reserve your new property. The terms of Permitted Payment are as follows:
A holding deposit is required at the point of referencing: 1 Week’s Rent ((rent asked x 12) / 52) = holding deposit).
Once we receive your holding deposit the tenancy agreement will commence within a 15 day period, subject to referencing and landlords approval. The initial holding deposit will be deducted from the balance required at commencement of the tenancy. Should an alternative date, from either party, be beyond the 15 day deadline for commencement of the tenancy or you do not agree to the holding deposit to be used, please inform us in writing so we can confirm the amended agreement.
Deposit Payable: A maximum of 5 Week’s rent deposit is payable. ((Rent Asked x 12) / 52) x 5 = Deposit Amount Required).
During the tenancy (Payable To The Agent – Jackson Property)
Tenancy Amendment Fee - Should the tenant(s) want to make a change to the tenancy agreement. A payment of £50.00 inc VAT will be payable to the agent.
Interest for the late payment of rent will be charged at 3% above the base rate after 14 days of arrears occurring until the account is settled in full.
Payment for the loss of keys/security devices will be charged at cost. You will be provided with the receipt from the supplier documenting the charge incurred by Jackson Property for full reimbursement.
Payment of any unpaid rent or other reasonable costs associated with the tenant’s early termination of the tenancy will be chargeable and confirmed in writing to you should this situation arise.
Should you withdraw from the tenancy before the commencement of the agreement or provide false or misleading information at any point leading up to the commencement, your holding deposit may be retained in full by Jackson Property.
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