An initial rent payment in advance either calendar monthly or quarterly (based on the calculation of the agreed weekly rent multiplied by 52 weeks and divided by 12 months to equal the calendar monthly rent. The monthly rent if applicable is then multiplied by 3 to equal the quarterly rent).
Rent (under £50,000 per year) equal to five weeks rent. This covers damages or defaults on the part of the Tenant during the tenancy. Rent (over £50,000 per year) equal to six weeks rent. This covers damages or defaults on the part of the Tenant during the tenancy.
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.
Independent Redress provided by: TPO - The Property Ombudsman.