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Fees and Terms for Tenants

New Assured Shorthold Tenancies (ASTs) signed on or after 1 June 2019

Holding Deposit (per tenancy) – One weeks rent

Security Deposit (per tenancy for rent under £50,000 per year) – Five weeks rent

Security Deposit (per tenancy for rent of £50,000 or over per year) – Six weeks rent

Unpaid Rent – Interest will be charged at 3% above the Bank of England Base Rate from the rent due date until the rent is paid. (This will only be applied when the rent is more than 14 days in arrears)

Lost Key(s) or Security Device(s) – Tenants will be liable for the cost of replacing any lost key(s) or other security device(s). If the locks need to changed, the tenant will be liable for the cost of a locksmith, replacement lock and replacement keys for the tenant, landlord and any other persons requiring keys.

Changes to The Tenancy, requested by the tenant - £50 (inc vat) or reasonable costs incurred if higher.

Early Termination of the Tenancy Requested by the Tenant – Tenant will be liable for the loss suffered by the landlord as a result of the termination.

Alexandra Park is a part of the Money Shield Client Money Protection Scheme. For further information please visit www.money-shield.co.uk

Our CMP Certificate can be found here: http://alexandrapark.net/ms.pdf