Tenants Fees & Costs

Fees applying to all new tenancies from 1st June 2019

We may charge a tenant any or all of the following when required:

1. the rent;
2. a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year;
3. a holding deposit of no more than one weeks’ rent;
4. default fee for late payment of rent (after 14 days);
5. reasonable charges for lost keys or security fobs;
6. payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant;
7. payments associated with early termination of the tenancy, when requested by the tenant; and
8. payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.

Fees applying to all pre-existing tenancies entered before 1st June 2019

We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020.

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Please find below a list of fees you will be expected to pay for your tenancy application:

Holding Deposit:

A holding deposit of one week's rent is paid once an offer has been agreed. This is not a fee, but a deposit to show your commitment to rent. It is subtracted off the balance when you move in. Should you withdraw your application you will forfeit your deposit.

Security Deposit:

Equivalent to five weeks rent (will be lodged with The Deposit Protection Service).

 

In line with current legislation, Tenants are not charged for the following:

References

Admin

Inventory

Renewal Fee

 

For your information our redress scheme is The Property Ombudsman, Client Money Protection will be provided by Money Shield.