We will require a holding deposit equal to one weeks rent at offer stage as a sign of your commitment. This holding deposit is refundable should the Landlord not wish to proceed. In accordance with our Terms and Conditions which you will be required to sign with our Tenancy Application Form, should you withdraw from your application after your offer has been accepted, should you provide false or misleading information, or your reference checks not be satisfactory, the reservation deposit will not be refunded.
Where the annual rent is less than £50,000 per annum, the Security Deposit will be equivalent to 5 weeks rent. Where the annual rent is equal to or greater than £50,000 per annum, a Security Deposit equivalent to 6 weeks rent will be required.
If it’s an Assured Shorthold Tenancy Agreement and Yooodle hold the Security Deposit, it will be held as stakeholder under The Tenancy Deposit Scheme (TDS) for the duration of the tenancy in accordance with the scheme rules.
The first month's payment of rent must be paid in cleared funds prior to move in. Thereafter rent is payable by standing order which must arrive as cleared funds by the due date as stated in the Tenancy Agreement. We would recommend setting up your standing order for three days prior to the rent date to allow sufficient time for funds to clear. Please note we can only accept one standing order payment for the total amount of rent.
Under Schedule 1 of the Tenant Fees Act 2019, Permitted Charges are allowable should any of the following events occur; default on rental payments, variation, assignment or novation of tenancy, termination of a tenancy, outstanding payments for council tax, utilities, television license and communication services.
Should you fall into rent arrears, you will be charged interest at 3% above the Bank of England base rate from the rent due date until paid in full. This charge will not be applied until the rent is more than 14 days in arrears.
Lost Keys/Security Fobs
You will be liable for the actual cost of replacing any lost keys or security fobs. If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for you, the Landlord and any other persons requiring keys will be chargeable. If extra costs are incurred there may be a charge of £20.00 per hour (inc VAT) for the time taken replacing the lost keys/fobs.
Variation of Contract
Should you wish to make changes or amendments to the contract you will be charged £50.00 (inc VAT) per agreed variation.
Should you wish to leave your contract early, you shall be liable for 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. Please refer to our website https://www.yooodle.co.uk/landlord-fees for details of our landlord fees.
Stamp Duty Land Tax
This tax is payable on tenancies where the rent exceeds £125,000 per annum. Please contact HMRC for further information.
Yooodle is a member of and covered by ARLA/Propertymark Client Money Protection Scheme and a member of a redress scheme provided by The Property Ombudsman.
*Please be aware that the Tenant Fees Act does not apply to non Housing Act tenancies which would be used it doesn’t meet the criteria for an Assured Shorthold Tenancy (AST). don’t meet the if the tenancy is for a company let or it it's not to be individuals only or principal home.
You will be part of an AST if the following applies:
- You’re renting from a landlord or housing association
- Your tenancy started after 15 January 1989
- The property is your main/only accommodation
- The landlord does not live in the property
However, your tenancy will not be an AST if:
- The tenancy started before 15 January 1989
- Your rent is more than £100,000 a year
- Your rent is less than £250 a year (or £1000 in London)
- The tenancy is for a business or license premises
- The property is a holiday let
- The landlord is a local council