News Archive for June 2023

HMO’s in Leicester

A brief summary of the benefits of a HMO in Leicester

Written by: First 4 Lettings

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Why students should choose to live in Leicester

Being a landlord can be a great way to generate income and build wealth. However, it's important to be aware of your rights and responsibilities as a landlord, and to take steps to protect your property and tenants.

Written by: First 4 Lettings

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Here are some handy tips for landlords in the UK

Being a landlord can be a great way to generate income and build wealth. However, it's important to be aware of your rights and responsibilities as a landlord, and to take steps to protect your property and tenants.

Written by: First 4 Lettings

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Find your next property

Fees

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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.