Farm Drive, Cardiff

The following are permitted payments which we may request from you:

a) The rent
b) A refundable tenancy deposit (reserved for any damages or defaults on the part of the tenant) capped at no more than five weeks' rent where the annual rent is less than £50,000, or six weeks' rent where the total annual rent is £50,000 or above.
c) A refundable holding deposit (to reserve a property) capped at no more than one week's rent.
d) Payments to change the tenancy when requested by the tenant, capped at £50 (Inc VAT), or reasonable costs incurred if higher.
e) Payments associated with early termination of the tenancy, when requested by the tenant.
f) Payments in respect of utilities, communication services, TV licence and council tax; and
g) In the case of a failure to make a payment of rent after the end of the period of seven days beginning with the ret due date, the prescribed limit is the aggregate of the amounts found by applying, in relation to each day after the due date for which the rent remains unpaid, an annual percentage rate of three per cent above the Bank of England base rate to the amount of rent that remains unpaid at the end of that day.
h) Tenants are liable to the actual cost of replacing any lost key(s), damaged locks or other security devices plus the actual cost includes the cost of that contractor's labour, as evidenced by an invoice or a receipt.

Please contact us if you wish to discuss this further.