When it comes to renting a property, understanding the costs involved is essential to avoid any surprises along the way. Tenancy agreement allowable expenses refer to the expenses landlords can legally charge tenants during their tenancy. In this article, we will discuss tenancy agreement allowable expenses and what tenants need to know about them.
1. Rent – This is the primary cost of renting a property. The rent amount will be specified in the tenancy agreement, and tenants will be required to pay it on time each month.
2. Security Deposit – A security deposit is an amount paid by the tenant at the beginning of the tenancy to cover any damages that may occur during the rental period. The deposit should be returned to the tenant at the end of the tenancy if no damages have occurred.
3. Utility Bills – Tenants are responsible for paying their utility bills. These include gas, electricity, and water bills. The landlord can only charge the tenant for any utility bills that are specified in the tenancy agreement.
4. Council Tax – The tenant is responsible for paying council tax, which is a tax paid to the local council to cover the cost of services such as garbage collection, road maintenance and street lighting.
5. TV License – If the tenant uses a TV in the rental property, they need to purchase a TV license. The landlord cannot charge the tenant for this.
6. Internet and Phone Bills – Tenants are responsible for paying for their internet and phone bills. However, if the landlord provides these services, they can charge the tenant for them.
7. Cleaning Services – If a tenant leaves the property dirty at the end of the tenancy, the landlord can charge them for the cleaning services to clean the property again.
8. Repairs – If the tenant damages the property during the tenancy, the landlord can charge them for the cost of the repair.
9. Landlord Insurance – The landlord is responsible for insuring the property. However, they can charge the tenant for their share of the insurance costs if it is specified in the tenancy agreement.
10. Letting Fees – Letting fees are costs associated with finding and screening a tenant. The landlord can charge the tenant for these fees, but they cannot exceed the cost of the service provided.
In conclusion, tenants need to be aware of the costs involved in renting a property. Tenancy agreement allowable expenses are the only expenses that a landlord can legally charge the tenant during their tenancy. Understanding these expenses will help tenants avoid any surprises and ensure a positive experience renting a property.