News Archive for March 2023

How Will The Property Market Be Affected By The March 2023 Budget?

The March 2023 budget released by the UK government may have left landlords wondering about any significant updates related to their sector. Here is a breakdown of what the budget entails for these areas.

16 Mar 2023 Written by: First 4 Lettings

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MODERN

Property photo: Wordsworth Road, Clarendon Park, Leicester, LE2

To Rent £105 pw Tenancy Info

3 1 1

IMMACULATE

Property photo: Westbury Road, Clarendon Park, Leicester, LE2

To Rent £120 pw Tenancy Info

3 2 1

EXCLUSIVE

Property photo: Clarendon Park Road, Clarendon Park, Leicester, LE2

To Rent £120 pw Tenancy Info

6 2 1

SPACIOUS

Property photo: Tennyson Street, Evington, Leicester, LE2

To Rent £117.50 pw Tenancy Info

6 2 1

TV'S IN BEDROOMS

Property photo: Avenue Road Extension, Clarendon Park, Leicester, LE2

Let Agreed £117.50 pw Tenancy Info

5 2 1

PREMIUM

Property photo: Welford Road, Clarendon Park, Leicester, LE2

Let Agreed £105 pw Tenancy Info

4 1 1

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Fees

PERMITTED PAYMENTS

As well as paying the rent, you may also be required to make the following permitted payments:

1) Holding Deposit: Up to one week’s rental

2) Deposit: One month’s rental (5 weeks rental dependent on individual’s circumstances)

3) Payments for utilities (gas, electricity & water), communication services (telephone & broadband), Installation/Subscription of cable/satellite, TV licence and council tax

4) Default Fee (late payment of rent): If full Rent is not paid within 14 days or more of the Rent Due Date there will be a charge 3% plus the Bank of England base interest rate of the full rental amount until full payment is received

5) Default Fee (breach of tenancy agreement, any other permitted payments, under relevant legislation including contractual damages): For any breach of the tenancy agreement based on the reasonably incurred costs of the agent or landlord

6) Replacement of keys, fobs or other security devices

7) Default Fee (changes to the tenancy): An administrative charge of £50.00 or greater for any assignment, variation or novation of the tenancy agreement made at the tenant’s request (only if agreed by The Landlord and/or The Landlord’s Agent)

8) Payments in respect of early termination of a tenancy agreement at the tenant’s request

TENANT PROTECTION

First 4 Lettings is a member of Client Money Protect which is a client money protection scheme, and also a member of PRS (Property Redress Scheme), which is a redress scheme.