Charges for Occupation Contracts
ASSURED SHORTHOLD OCCUPATION AGREEMENTS
Contract holder Information – Contract holder Charges for Occupation agreements commencing after 1st September 2019. In addition to paying the rent, you may also be required to make the following payments permitted under the Rent Homes (Fees etc.) (Wales) Act 2019.
Before the Occupation agreement commences (payable to Belvoir Swansea, Mumbles & Sketty ‘ The Agent’)
Holding Deposit Payment
Any applicant wishing to take a property will be required to pay a Holding Deposit of up to one week’s rent (calculated at RentPCM / 4.35), to secure the Property.
These funds are held securely in a Client Account and repaid to the Applicant in the event that their application has been unsuccessful, or may be retained by the Agent in the event that the applicant fails references or withdraws from the occupation agreement. Please refer to our Terms on Refunding Holding Deposits.
In the event that the application has been successful then both Applicant and the Agent will confirm in writing of the intention for the Holding Deposit to be held by the Agent and put against the first months’ rent at the start of the Occupation agreement.
Ahead of the move-in, Contract holders are required to pay:
One month’s rent (minus any Holding Deposit already paid and held by the Agent)
PLUS
A Security Deposit of the equivalent of one months rent plus £200 (no VAT)
PLUS
A Pet Security Deposit of £100 for each pet agreed to be on the Occupation agreement (pre-agreed at application stage) (no VAT)
During the Occupation Contract (payable to The Agent)
Payments in Default – payment for breach of the occupation agreement as prescribed in the Occupation agreement – these may include reasonable costs or losses incurred for loss of keys, security devices, missed appointments, wilful or negligent damage to the property, emergency call our fees cause by the Contract holder’s actions or early termination.
During the Occupation agreement if permitted and applicable (payable to the relevant company/provider)
Utilities – gas (or other fuel), electricity, water and sewerage, Green Deal payments
Communications – telephone, internet and broadband
Installation of cable/satellite
Subscription to cable/satellite supplier
Television Licence
Council Tax
Terms on Refunding Holding Deposits
Right to Retention of Holding Deposit Funds for providing false or misleading information
In line with the Renting Homes (Fees Etc.) (Wales) Act 2019, the Agent will be entitled to retain a Holding Deposit (maximum of one week) should a Contract holder/Applicant provided false or misleading information at the time of applying for a occupation agreement. Examples could include (but are not limited to), information coming back from referencing checks that differs to that supplied by the applicant on their application, such as false references, misleading details of current employment or CCJs being discovered when the Contract holder has stated they do not have any. If an applicant/contract holder’s application is not successful and, on these grounds, then this will be communicated to you in writing, no more than 15 days after you have paid the Holding Deposit. In this event then the Holding Deposit (maximum of one week) will be retained by the Agent, unless the Applicant/Contract holder is able to prove otherwise.
Right to retention of holding deposit funds for the Contract holder’s failure to enter into a Occupation agreement
If a Contract holder/Applicant chooses not to enter into a Occupation agreement or fail to take reasonable steps to enter a Occupation agreement, the Agent may retain the holding deposit. This will be confirmed in writing to the Contract holder/Applicant within 7 days of us being aware that the Contract holder/Applicant is no longer proceeding.
Contract holder Protection
Belvoir Swansea, Mumbles & Sketty is a member of Propertymark which is a client money protection scheme, and also a member of the Property Ombudsman which is a redress scheme. You can find out more details on our website or by contacting us directly.
COMPANY LETS (CONTRACTUAL OCCUPATION AGREEMENTS)
Company Referencing Application £360.00 including VAT (£300 plus VAT)
Guarantor £90.00 including VAT (£75 plus VAT)
A non-refundable Application Fee (As Set out above) is payable to secure a property and commence with the application process.
PLUS
A Holding Deposit of a minimum of £200 up to the equivalent of one month’s rent
Ahead of the move in Company Let Contract holders are required to pay:
One month’s rent (minus any Holding deposit already paid and held by the Agent)
PLUS
A Security Deposit of the equivalent of one month’s rent plus £200
PLUS
A Pet Security Deposit of £100 for each pet agreed to be on the Occupation agreement (pre-agreed at application stage)
During a Occupation agreement
Discretionary administration fee of £25.00 (incl VAT) for each letter sent to a contract holder concerning breach of the Occupation agreement
Discretionary administration fee of £20.00 (incl VAT) for any payment presented to the Agent but returned, refused by the bank for any reason
End of Occupation agreement
Check out administration fee of £75.00 (no VAT), only applicable if provided with a full inventory at check in
All fees above are outlined in our contract holder application forms and occupation agreements. If you have any questions regarding the fees listed above, please speak to one of the team.
