| Holding Deposit | A holding deposit, equal to one week’s rent, is payable upon completion of your signed application form. |
| Successful application | Any holding deposit will be offset against the month’s rent (not the deposit) with the agreement of the payee and additional Tenant(s). A draft example of our Tenancy Agreement will be offered to you whereby all charges applicable are detailed. |
| Deposit | A deposit equal to five week’s rent. The deposit plus one month’s rent (minus any monies already held on account) is payable once the application has passed and before the Tenancy begins – These monies cannot be paid until the Tenancy Agreement has been signed. |
| Deadline for agreement | This is a date agreeable by all parties at which they will commit to signing the Tenancy Agreement ahead of any Tenancy commencing. Failure to meet this deadline may result in you losing any Holding Deposit paid. |
| Additional Fees Payable (In Accordance with The Tenant Fee Act 2019) | Default of Tenancy Agreement |
| Late Rent | Charged at 3% above the Bank of England base rate for each day payment remains outstanding. |
| Lost Keys | Equal to the value of replacement |
| Contract Variation Administration Charge | £50.00 per occasion |
| Early Release from Tenancy | Set at a minimum of £750.00 |
The KS Property Group Ltd are members of The Property Redress Scheme (PRS)
Members of Client Protection Scheme – Propertymark.
Click Here for The KS Property Group CMP Certificate.
To find our more about what is means to be a Propertymark Agent, visit Propertymark Protected | Propertymark or see their accounting rules.
We’re always here to help, so feel free to get in touch with us any time. You can reach us by phone, email, or WhatsApp, and we’re available 7 days a week, from 8am-8pm.