Reades is a member of The Property Ombudsman (TPOS) and Propertymark (which includes their Client Money Protection Scheme).
The information given below is provided to ensure you are fully informed of any fees and costs involved in renting a property through Reades.
What you see is what you pay, our fees include the VAT.
1. Holding deposit (per tenancy)
An amount equivalent to one week's rent.
Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
2. Security Deposit
The security deposit held, per tenancy:
a. where Rent of less than £50,000 payable per year - an amount equivalent to five weeks' rent, or;
b. where Rent of £50,000 or over payable per year - an amount equivalent to six weeks' rent.
The security deposit covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent - Interest will be charged at 3% above the Bank of England Base Rate from the date rent was due until it paid.
Please note: This will not be levied until the rent is more than 14 days in arrears.
3. Lost Key(s) or other Security Device(s)
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord and any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour for the time taken replacing lost key(s) or other security device(s).
4. Additional charges
a. Variation of contract (tenant's request) - £50 per agreed variation, to cover the costs associated with taking landlord's instructions as well as the preparation and execution of new legal documents.
b. Change of sharer (tenant's request) - £50 per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord's instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution.
c. Early Termination (tenant's request) - should the tenant wish to leave their contract early, they shall be liable to the landlord's costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
We are committed to protecting the personal information you provide when signing up to and using Our Valuation Tool. This Data Protection Policy relates to Our use of any personal information We collect from you via the Valtool.
This Data Protection Policy explains the following:
We are committed to safeguarding your personal information and complying with Our legal obligations to hold and use your information in-line with all applicable laws.
Reades Ltd (company number 0458814) is a property sales and letting agency. References to “We/Us/Our/Reades” throughout this document are to Reades Ltd. Our Valuation Tool is a tool which We have devised to enable you to obtain a guideline valuation of your property free of charge.
When you sign up to the Valuation Tool to receive your free property valuation, you will be providing certain personal information to Us. This includes your name, postal address, email address and phone number.
We will use the personal information collected when you sign up to or use the Valuation Tool for the following purposes:
We will not share the personal information which we collect via the Valuation Tool with any third parties other than where We are required to do so by law. The only information which We will share is the address details of the property on which you wish to obtain a valuation. This information is shared with our appointed third party property valuation agency, so that they can provide a valuation of the property and for no other purpose.
We will contact you:
By signing up to receive a free Valuation Report, you agree to receive Reades' marketing communications as discussed in paragraphs 4 and 5.
If you wish to withdraw your consent to receiving these marketing communications at any point you can do so by notifying us using the contact information set out below.
We will hold your personal information on our systems for as long as reasonably necessary in order to provide you with the relevant services, or until you inform us that you want Us to delete your personal information (whichever occurs first).
You can request that We delete your personal information by contacting us in writing using the contact information set out below.
Deleting your data may mean that We will no longer be able to provide you with Our services.
You have the right to:
Please address requests and questions about this or any other question about this Data Protection Policy to:
The Data Controller
Reades - Hawarden (Head Office)
3-5 The Highway
You can also send any enquiries electronically to email@example.com.