Yes – if any rent or other money payable by the Tenant to the Landlord under the provisions of the tenancy agreement shall not be paid on the day on which it becomes due the same shall be payable with interest thereon at a rate of 8 per centum above the reference rate for the […]
Articles Tagged: rent
Can I pay more than one months rent in advance?
Yes – under the terms of our Tenancy Agreements, rent is always paid in advance – typically monthly for the next rental month. Tenants can at their discretion pay more that one months rent in advance. Where a tenant has a low credit score or fails the affordability assessment, it may be a pre-condition of […]
What date do cleared funds for advance rent need to be received by?
Ideally before the tenancy agreement is signed but on or before the commencement of the tenancy is fine. Still not answered your question? We love questions so fire it at us using the contact details here Please rate this article so we know how well it answered your question…
Do landlords normally increase rent annually?
Information about increasing rents can be found in this blog article How to increase the rent for an assured shorthold tenancy A word of caution about increasing rents… …It is reasonable that rent levels can change in line with market values. However, rent increases need to be treated with caution. Rent increases are never welcomed […]
If I am paying 6 months rent in advance why is the tenancy for 7 months?
This is to prevent inadvertently creating a 6 month periodic tenancy. Repeatedly accepting 6 months rent in advance could imply a 6 month periodic tenancy has been granted and therefore would require a 6 month notice period for possession. The periodic tenancy arising after the end of the fixed term will take it’s period from the last rental period for the fixed term […]
How do I calculate extra days rent?
To calculate the daily rent for a property, multiply the monthly rent by 12 and then divide the total by 365. Example: you are paying £600 per calendar month rent so the daily rent will be 600 multiplied by 12 divided by 365 = £19.72 rent per day. Still not answered your question? We love […]
If a tenant leaves before the end of a rental period do I need to reimburse rent?
Where the rent is payable in advance (as in most agreements), the landlord is entitled to the whole of the rent that was due on the last rent day before termination even though the tenancy has come to an end in the middle of the rent period. [Ellis v Rowbotham 1900 1 Q.B. 740]. Where […]
What are the bank details for paying my rent?
First Rent Payment Please contact us using the contact details here Future Rent Payments Future rent payments are made via Standing Order with the details contained in a partly completed Standing Order Mandate form provided at the Check-in. For Full Management properties, future rent payments are made to Jungle Property. For Let Only properties, future […]
When do I need to pay the advance rental?
The advance rental payment must be received in cleared funds on or before the signing of the Tenancy Agreement. Still not answered your question? We love questions so fire it at us using the contact details here Please rate this article so we know how well it answered your question…
If my tenancy commences on the 6th will this be the day my rent is payable?
The first rental payment is to be made on or before the commencement of the proposed tenancy. If the tenancy commences on the 6th the rent due date will be the 6th day of each month (assuming monthly periodic). We ask that Standing Orders are set up for 3 days before rent due date to […]
