New landlord application fees:
Fully managed service: Fees for this service are calculated at 12.5% of the monthly rent plus VAT at the prevailing rate. A set up fee of £300.00 plus VAT and an inventory charge of £125.00 plus VAT
Rent collection only service: Fees for this service are calculated at 11% of the monthly rent plus VAT at the prevailing rate. A set up fee of £300.00 plus VAT and an inventory charge of £125.00 plus VAT
Tenant find only service: Fees for this service are calculated at 10% of the first 6 months’ rent plus VAT.
Instruction to a domestic energy assessor for Energy Performance Certificate £75.00 plus VAT (£90.00).
Instruction of either gas or electrical safety certificate at cost of invoice.
Holding Deposit (per tenancy):
One week’s rent – please note: This will be withheld if any relevant person (including any guarantor(s) withdraw 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).
Security Deposit (per tenancy, Rent of less than £50,000 per year):
Five weeks rent. This covers damage of defaults on the part of the tenant during tenancy. Security Deposit (per tenancy, Rent of £50,000 or over per year): Six weeks rent. This covers damages or defaults on the part of the tenant during the tenancy.
Interest at 3% above the Bank of England 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.
Lost Key(s) or other Security Device(s):
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 any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour for the time taken replacing lost key(s) or other security device(s)
Variation or Contract (Tenant(s) Request):
£50 per agreed variation. To cover the costs associated with taking the landlords instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant(s) Request):
£50 per replacement tenant or any reasonable cost incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution.
Early Termination (Tenant(s) Request):
Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Waterside Homes Limited T/A H2O Homes is a part of the National Federation of Property Professionals Client Money Protection Scheme through their membership of NAEA Propertymark ( National Association of Estate Agents )
Waterside Homes Limited T/A H2O Homes is a member of The Property Ombudsman being the largest lettings redress scheme in the UK.