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How To Survive An Otley Run

31st Jan, 2020

If you’re wanting to survive the infamous pub run from Headingley to Leeds city centre, known of the Otley Run, prior preparation is the key to...

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Five Best Restaurants in Leeds to Take Your Parents (and Get a Good Feed)

24th Jan, 2020

Parents coming to visit? We’re sure you’ll have your own favourite local places to eat with your student mates. However, they may not be the...

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12 Instagram accounts every student should follow

20th Jan, 2020

Whether its exam pressures, coursework deadlines, hangovers or stocking up on instant noodles for the rest of term because you blew all your money...

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Landlords! Know your repairing obligations

5th Dec, 2018

There are six main types of tenancy across the UK. These are regulated tenancies, Assured Tenancies, Assured Shorthold Tenancies, commercial...

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Does my property require an HMO licence?

1st Dec, 2018

What is an HMO?A House of Multiple Occupancy (HMO) is a property rented out by at least 3 people as their main residence who are from more than 1 ...

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Confused about Universal Credit?

13th Jun, 2018

Universal Credit will soon be introduced across Leeds. The system, which has had its fair share of controversy since the pilot schemes launched...

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Permitted payments for Assured Shorthold Tenancies:

In accordance with the Tenant Fees Act 2019 the following are permitted payments for AST tenancies:

• Holding deposit to reserve a property - A maximum of one week's rent. This will be witheld 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 - Five weeks' rent, rising to six week's rent when the annual rent is in excess of £50,000.
• Rent and Utility bills - Payable as outlined in the Tenancy Agreement
• Unpaid rent - Interest at 3% above the Bank of England base rate, as outlined in the Tenancy Agreement
• Lost Keys - Tenants are liable for the cost of replacing any lost keys or security device. 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 £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
• Payment of £50 including VAT on a variation, assignment or novation of a tenancy. This cost may be higher where we assist with accompanied viewings.
• Early Surrender of the AST at Tenant's Request - Should a tenant need to surrender the tenancy early and the Landlord agrees to re-let the property, the liability for the payment of rent will end once a new tenant is found and takes up occupation. However, the tenant will still need to cover the Landlord's costs in surrendering the tenancy and re-letting the property.

For Non Housing Act Tenancies including Company Lets the following fees may apply:

For any individual tenant not renting a property under an Assured Shorthold Tenancy the following charges are also payable:

• Tenancy Administration charge - £150 per tenancy
• Reference charge - £50 per tenant or guarantor

For all tenancies there are other costs that must be covered on top of the rent throughout the tenancy and at the end of a tenancy. These might include:

Insurance (for your personal and own contents)
Garden maintenance
Cleaning to a professional standard
Inventory check out (paid at the end of a Non Housing Act tenancy including company lets)
Dilapidations
Late payment of rent interest charged at 3% above Bank of England based rate.

News

How To Survive An Otley Run

Five Best Restaurants in Leeds to Take Your Parents (and Get a Good Feed)

12 Instagram accounts every student should follow

Landlords! Know your repairing obligations

Does my property require an HMO licence?

Confused about Universal Credit?

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