The Landlord is responsible for any legal costs incurred. Abacus Letting cannot be held responsible for any Tenants’ breach of contract or non-payment of rent, or any subsequent costs incurred in obtaining such.

Rent

At the commencement of the tenancy, we will collect a deposit (usually six weeks rent) and an initial rental payment. If we are not collecting the rent monthly, payments can be made to the landlord either by standing order or by cheque and cash. The tenant's rental will be inclusive of any maintenance/service charges to the property and therefore the landlord remains liable for making these payments.

Deposit

An advance rental payment is required prior to the start of the tenancy, equivalent to 6 weeks rent. This money is held by the government protection scheme throughout the tenancy. The deposit taken from the tenants’ is returnable when the contract expires. These monies are a provision against any damage, including anything which may reasonably be considered fair wear and tear, during the full length of the tenancy.

Rent Remittances

Current banking arrangements are such, that it is necessary for us to allow approximately seven working days for rent cheques to be cleared before transferring money received to a client’s account.

Rent Arrears

The Landlord is responsible for any legal costs incurred. Abacus Letting cannot be held responsible for any Tenants’ breach of contract or non-payment of rent, or any costs incurred in obtaining such.

 Notice 

On receipt of a decision by the Landlord/Tenant to vacate the property we will advise the other party immediately and make arrangements for our final check out procedure. If necessary, we will also start the process for new tenants.

When tenants’ are checked out of a property an assessment is made, by comparison against the original inventory, of any redecoration or minor repairs which cannot reasonably be accepted as fair wear and tear. We will negotiate an agreement with the tenant concerning the amount that will be withheld, obtain estimates by way of confirmation and the net deposit remaining will then  usually be released to the tenant. We will subsequently arrange for any necessary work to be carried out prior to letting to the next tenant.

Renewals 

The majority of tenancy contracts are drawn up for 6 months, however depending on individual requirements this may vary.