Commercial for rent

Costs
A holding deposit equal to 1 weeks rent is payable upon the start of your application. Successful Applicates - any holding deposit will be offset against the initial rent or deposit, with the agreement of the payee. Under the Tenant Fee Act 2019: The Holding Deposit will become non-refundable, should you fail your reference and credit checks, if you provide misleading information or fail to declare a county court judgement (CCJ) or an (IVA) on your application form or the nominated guarantor application form. We allow up to 15 days for all checks to be completed. Should you have any concerns regarding these checks, please notify a member of staff before you make payment. Tenant(s) minimum yearly income affordability to pass the credit check is calculated at 2.5 times the yearly rent. (Example: Rent of £400 PCM x 12 = £4,800 x 2.5 = £12,000) This minimum income can be shared on a joint tenancy only. Working Guarantor minimum yearly income affordability to pass the credit check is calculated at 3 times the yearly rent. (Example: Rent of £400 PCM x 12 = £4,800 x 3 = £14,400) (Or hold savings or pension(s) equal or more than this amount) Please note: if you are claiming DSS, Universal Credit or your employment is on a zero hours contract or your employment position is temporary, you will require a guarantor in a permanent contract of employment. Fees payable in accordance with the Tenant Fee Act 2019: Additional variable charges may apply during the course of the tenancy or at the end and are detailed within the Tenancy Agreement, EG: Default of Contract - Late Payment Charge - 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. Default of Contract - Loss of Keys or Security Device - 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 £15 per hour for the time taken replacing lost key(s) or other security device(s). Contract Variation - Admin Charge - £50 Early Termination - Admin Charge - £50 (Should the tenant wish to leave their contract early, they shall be liable to the landlords 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.) We are part of the Redress Scheme: The Property Ombudsman We are part of a Client Money Protection Scheme: National Federation of Property Professionals