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Lettings Fees

Lettings Fees

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For Tenants 

For tenants seeking a property to rent we deal with a wide variety of homes from one bedroom flats through to four and five bedroom executive houses. Available properties are always displayed on the websites we use and you can always call our office to enquire about the latest listings.  

If you like what you see we can quickly arrange a viewing and if you’re interested we can then process your rental application. Referencing is carried out through a national referencing Agency, usually Homelet, and if everything is satisfactory we can usually arrange a move-in date within a week or so. 

Tenancies are usually set up for an initial six month period, continuing thereafter on a monthly basis and please note that most of our landlords operate a no pets/no smoking policy. We inspect our tenanted properties on a six monthly basis and our office is open 7 days a week to deal with any problems you may have.   

As Managing Agents we try and make the experience of renting a property through Martin Maslin Estate Agents as trouble free as possible – please contact us today to see if we have the right home for you.

What permitted payments can I expect to pay if I rent a property with Martin Maslin Estate Agents

Below is a list of our current permitted payments. At any time you are interested in a property, please ask a member of staff for a full breakdown of permitted payments that may be payable before, during and after a tenancy.

Holding Deposit if requested by the Agent (per tenancy) One week's rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security Deposit (per tenancy. Rent under £50,000 per year) Five weeks' rent. This covers damages or defaults on the part of the tenant during the tenancy and applies to Assured Shorthold Tenancies (AST).

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 and applies to Assured Shorthold Tenancies (AST).

Unpaid Rent. 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.

Lost Key(s) or other Security Device(s). 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 (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

Variation of Contract (Tenant's Request) £50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord's instructions as well as the preparation and execution of new legal documents.

Change of Sharer (Tenant's Request) £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord's instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

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.

Client Money Protection is provided by Propertymark (Scheme Ref C0015628). Redress through The Property Ombudsman Scheme.  All Deposits held under Tenancy Deposit Scheme (Membership No. G02076). Please see the Propertymark Conduct and Membership Rules here 

Please note that lettings agents are required by law to publish on their websites information for potential tenants about relevant fees, redress schemes and client money protection schemes (including the names of those schemes). Relevant fees must also be published on third party websites, such as Rightmove. For properties to rent in England, details of the agent's membership of any redress scheme and client money protection scheme must also be published with their fees on Rightmove. It is the agent's responsibility to ensure that all relevant information is provided to Rightmove and is up to date and accurate. If the relevant information does not appear here, the agent may have included it within the property description.

For Landlords 

Tenant Find Only - 120% of 1 months rent (inc VAT) 

Fully Managed - 12% of the rent (inc VAT) with set up fees of 60% of the 1st months rent (inc VAT)