Our tenant fees
Tenant fees schedule
Holding Deposit
Equivalent of one weeks rent.
This will be put towards your first rent due on completion of the tenancy. This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Security Deposit (per Tenancy, Rent under £50,000 per year)
Five weeks’ rent.
This covers damages or defaults on the part of the tenant during the tenancy.Security Deposit (per Tenancy, Rent of £50,000 or over per year)
Six weeks’ rent.
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 Key(s) or other Security Device(s)
Tenants are liable for actual costs for the replacement of keys, fobs, security devices and associated items which have been lost, damaged or broken.
Variation of Contract (Tenant’s Request)
£50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant’s Request)
£50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination (Tenant’s Request)
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.
Please note:
It must be clearly understood that any early release from a tenancy agreement is wholly dependent on your landlords consent, and the tenant will be liable for the Agents fees. The tenant remains liable for the rent until the tenancy lawfully expires.
Applicants aged 18 years and over must provide original documents that prove they can live in the UK and have a right to rent. Please visit www.gov.uk for further information.
* VAT is calculated at the current rate of 20%
For further fees, over and above the fees listed above, please go direct to a branch and these will be explained by one of our lettings experts.
