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| holding
deposit |
| Usually one or two weeks' rent non-refundable
that takes the property off the market. |
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| final balance |
| The amount of One months Rent in advance,
One Months Deposit & the Administration fee, Less
the amount of the holding deposit.This must be paid
for as cleared funds. For example by Cash, Bankers draft
or credit or debit card. (A small charge will be added
for the use of cards) |
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| calendar
month |
| All rents due are calculated per calendar
month. For example if the rent is £100.00 per
week = £433.33 per calendar month. This is calculated
at a week's rent multiplied by 52 weeks in a year and
divided by 12 months. This gives equal payments each
month. The same applies for 26 weeks divided by 6 months. |
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| guarantor |
| A person that will guarantee that the
rent is paid and the terms of the contract met if the
tenant fails to do so. Guarantors must be UK based.
Required for students and properties where the landlord
insists regardless of circumstances and occupation. |
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| deposit |
| Usually one month's rent held against
any damage or losses that have occurred during the tenancy.
A two month deposit may be required instead of a guarantor. |
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| assured
shorthold tenancy |
| This will be the lease for the property
drawn up by ôOyezö The Law Society Stationer.
The length will usually be one year with a break clause
after six months. Some landlords will insist on a set
term contract of a minimum of six months with no break
clause. |
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| break
clause |
| As stated above, one month's written
notice can be given after the duration of the break
clause. |
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| inventory |
| A list of contents and condition of the
property that is produced at the start of the tenancy,
and checked at the end of the tenancy. |
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|
fees for tenants |
| At Berns & Co we are committed to offering a fair and transparent service to our tenants. Standard fees payable by tenants are listed below. Berns & Co do not charge tenants to renew their tenancy. |
Inventory and Check-in
Inventories are conducted by an independent inventory clerk. Inventory costs vary according to the size of property: |
| Studio |
£75 |
| 1 bed |
£95 |
| 2 bed |
£110 |
| 3 bed |
£130 |
| 4 bed |
£170 |
| 5 bed+ |
By separate negotiation |
Contracts
Fees are per tenant: |
| Studio |
£70 |
| 1 bed |
£100 |
| 2 bed+ |
£130 |
References
Fees are per tenant: |
| Studio |
£70 |
| 1 bed |
£100 |
| 2 bed+ |
£130 |
Substitution of Tenant
If a substitution of Tenant is required there is a charge of £150 for each and every substitution to cover contract costs and administration. |
Payment
Berns & Co. accept the following methods of payment: |
| Debit card |
(£4 surcharge) |
| BACS |
|
| CHAPS |
|
| Credit card |
(2.5% surcharge) (Amex 5% surcharge) |
| Cash |
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