Schedule of services and fees for Tenants
Before the Tenancy starts (payable to Ruxton Lettings ‘the Agent’)
Holding deposit: 1 weeks rent
Ruxton Lettings will take a holding deposit of equivalent to 1 weeks rent. Ruxton Lettings will hold this for 15 calendar days as a maximum before signing your Tenancy Agreement. Ruxton Lettings will use this holding deposit towards your Tenancy Deposit unless otherwise agreed in writing. If there are any delays in signing the agreement such as referencing etc, any extension of the 15 days will need to be agreed in writing.
Deposit: Equivalent to 5 week’s rent
A security deposit of 5 week’s rent will be taken and this will be held either by Ruxton as stakeholder for the Landlord or by the landlord directly. In line with the latest Deposit Regulations, you will be notified in writing as to where the deposit will be held and what process is followed at the end of the Agreement. If the deposit is held by Ruxton, we are members of the Tenancy Dispute Service. More information available at www.tenancydepositscheme.com
During the Tenancy (payable to the Agent)
Payment on variation, assignment or novation of a tenancy: £50.00 (including VAT)
Ruxton Lettings will charge a payment of £50.00 (including VAT) for any changes made to the Tenancy agreement where requested by the tenant(s).
Payment for early termination of a Tenancy:
If for some unfortunate reason, you are no longer able to remain at the property, you MUST notify Ruxton immediately in writing. We will then consult with your Landlord to ask if we can re-advertise the property. The Tenant(s) would be liable to pay for full rental, gas, water, council tax, electricity and telephone/internet payments until the day the new tenants(s) have taken up occupation or until the original termination date of the agreement, whichever is sooner. The Tenant(s) will be liable to pay for the Landlords re let fee from Ruxton Lettings or the total amount of rent remaining on the tenancy, whichever is less.
Payment for the loss of keys and security devices:
The tenant(s) will be required for covering the cost of replacing any keys or security devices, the cost of this will depend on the supplier and an invoice will be provided.
Late payment of rent:
Your rent will be payable on the 1stday of each month for properties managed by Ruxton. If your Landlord is managing the property, then your rent will be payable on the monthly anniversary of your Tenancy Agreement. You will be asked to sign a standing order mandate, instructing your bank to pay the rent into either the Ruxton account (if managed) or directly to the Landlord. The standing order mandate will be signed when you sign the tenancy agreement.
If Ruxton have not received your rent by the 14thday of the month, you will be sent a reminder letter and incur a charge of 3% above Bank of England base rate for each day that the payment is outstanding
Any payments received from you will always be credited against the oldest outstanding balance, be it rent, fees or any sundry debit.
Taking occupation of the property
Before moving into the property, an Assured Shorthold Tenancy Agreement will be drafted on behalf of both the Landlord and the Tenant. It is essential that you read the Agreement carefully, as you will be legally bound by its terms and conditions for the duration of the agreement. If you do not understand any of the clauses, please ask Ruxton to clarify or consult a Solicitor before signing.
PLEASE NOTE: You will not be able to gain access to the property until this agreement has been signed and the relevant fees have been paid and cleared in our bank account.
IF YOU HAVE ANY QUESTIONS, PLEASE ASK A MEMBER OF STAFF