The information given below is provided to ensure you are fully informed of any fees and costs involved in renting a property through John Cottis & Company . All fees & charges are shown inc VAT.
Security Deposit (per tenancy, Rent of less than £50,000 per year):
Either 1 months' rent or a maximum of Five weeks' rent. This covers damage or defaults on the part of the tenant during the 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.
These are used to reserve a property. The landlord or agent can only take a maximum of one week's rent per property and this can be held for a maximum of 15 calendar days or an agreed alternative deadline for agreement. Holding Deposits must be returned to the successful tenant within 7 calendar days. With the tenant's consent, the Holding Deposit can be put towards the first month's rent or Tenancy Deposit. The Holding Deposit must also be returned to the tenant if the landlord or agent pulls out before the deadline for agreement. The landlord or agent can keep the Holding Deposit if the tenant pulls out, fails a Right to Rent check - https://www.propertymark.co.uk/advice-and-guides/renting/right-to-rent-explained/, provides false or misleading information or drags their feet by the deadline for agreement. If the Holding Deposit is kept by the agent or landlord, then the reason for doing so must be outlined in writing. If you purposely provide any false or misleading information (such as lying about your salary) when applying for the property, then the deposit may be withheld.
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.
Variation of Contract (Tenant's Request):
£50 per agreed variation. To cover the costs associated with taking the landlord's instructions as well as the preparation and execution of new legal documents.
Change of sharer (Tenant's Request):
£50 per replacement tenant. To cover the costs associated with taking landlord's instructions as well as the preparation and execution.
Lost Key(s) or other Security Device(s):
Tenants are liable to the actual cost of replacing any lost key(s) or other security devices. 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.
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.
John Cottis & Company is a member of The Property Ombudsman Group Redress scheme for both Sales and Lettings, Arla and Propertymark. The Client Money Protection (CMP) Scheme is a compensation scheme run by Propertymark. Our Clients money is protected by this – Our Scheme Ref is C0002938
IF YOU HAVE ANY QUESTIONS ON OUR FEES PLEASE ASK A MEMBER OF STAFF
Registered proprietors Temp/Green Ltd, Trading as John Cottis and Co. Registered in England No.1534107
Registered Office: 21 Lodge Lane, Grays, Essex, RM17 5RY