Permitted Tenant Fees
Holding Deposit - One week's rent (Rental amount x 12 divided by 52 x 1). Please Note: This will be withheld if any relevant person (including any Guarantor) withdraw from the tenancy, fail a Right-to-Rent check or provide materially significant false or misleading information.
Security Deposit - Five weeks' rent (Rental amount x 12 divided by 52 x 5). This covers damages or defaults on the part of the tenant during the tenancy.
Security Deposit - Six weeks' rent (Rental amount x 12 divided by 52 x 6) This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent - Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Keys or other Security Devices - Tenants are liable to the actual cost of replacing any lost keys or other security device.
Variation of Contract (Tenant's Request) - £50 (inc. VAT)
Change of Sharer (Tenant's Request) - £50 (inc. VAT) or any reasonable costs incurred if higher.
Early Termination (Tenant's Request) - The tenant shall be liable for the landlord's costs in re-letting the property.
**Bills are not included in the rental amount and all utilities will be the tenant(s) responsibility, unless otherwise stated within the tenancy agreement**
We are members of The Property Ombudsmen for Redress and PropertyMark for Client Money Protection.