Fees applying to all new tenancies from 1st June 2019
We may charge a tenant any or all of the following when required:
- the rent;
- a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year;
- a holding deposit of no more than one weeks’ rent;
- default fee for late payment of rent (after 14 days);
- reasonable charges for lost keys or security fobs;
- payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant;
- payments associated with early termination of the tenancy, when requested by the tenant; and
- 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.
In line with the requirements outlined in Schedule 1, Tenant Fees Act 2019, you are required to pay a refundable holding deposit equivalent to one week's rent in order to reserve a property. The purpose of the holding deposit is to enable both the Landlord and Tenant to demonstrate commitment to entering into a Tenancy Agreement on the terms agreed whilst reference checks and right to rent checks are undertaken. The holding deposit creates a binding contract between the Landlord and Tenant.
One week's rent is calculated by multiplying the monthly rent by 12 and dividing by 52.
Please note for a company tenancy, an administration fee of £425.00+VAT (£510.00) will be applicable.
A sample copy of our Tenancy Agreement can be found here.