Lettings is our business, not just part of it!

Tenants

Why rent with East Midlands Property Management?

ARLA PROPERTYMARK members are leaders in the industry, East Midlands Property Management are ARLA PROPERTYMARK MEMBERS, so we can offer our tenants the reassurance of knowing, we know what we are doing and we do it well. We only offer clean well-maintained properties, with detailed inventories to safeguard your deposit.

As an independent agent, there is no head office pushing us for results, we take the time and trouble to help you find your dream home, there’s no pressure or hard sell!

Being a local company, employing local staff means we know the area and will help find the right place for you.

LETTINGS IS OUR BUSINESS, NOT PART OF IT!

Moving house is an exciting time, but it can also be a stressful one. Before all the packing and organising even starts you need to find a property. And not just any property, one that’s right for you, and that’s where we come in!

TENANT FEES SCHEDULE

New Assured Shorthold Tenancies ASTs) Signed on or after1st June 2019

Holding Deposit (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).

Should the landlord decide not to proceed we will fully refund your reservation fee.

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.

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.

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).

Should the landlord decide not to proceed we will fully refund your reservation fee.

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.

Should the landlord decide not to proceed we will fully refund your reservation fee.

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.

Please ask a member of staff if you have any questions about our fees.

Don’t just take our word for it, pop in for a chat and see how we can make a difference for you!