Fees to Tenants

Before you move in

Holding Deposit (per tenancy)

Equivalent to one week’s rent, this will reserve the property for fourteen days to allow the relevant paperwork, right to rent and referencing for the tenancy to be completed. The Holding Deposit will be retained if you withdraw your application, fail the referencing process, provide false/misleading information, unreasonably delay or fail to complete the tenancy agreement. However, if the Landlord decides not to accept your tenancy for reasons unrelated with the above, then your deposit will be refunded within 7 days.

Security Deposit (if the rent is under £50,000 per annum)

Equivalent to five weeks rent. The security deposit paid by the tenant will be protected by one of the government approved tenancy deposit schemes and will be returned in accordance with the terms of your tenancy agreement.

Security Deposit (if the rent is between £50,000 and £100,000 per annum)

Equivalent to six weeks rent The security deposit paid by the tenant will be protected by one of the government approved tenancy deposit schemes and will be returned in accordance with the terms of your tenancy agreement.

During your tenancy

Variation of Contract Fee – £50.00 (inc VAT) per agreed variation

To cover the costs involved with drawing up the relevant documentation and issuing the appropriate paperwork. Any variation to the tenancy agreement is subject to the Landlords written consent.

Early Termination Cost (Tenant’s Request)

Should the tenant wish to surrender their tenancy early, they shall be liable to the landlords 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. Any early termination of the tenancy to the tenancy agreement is subject to the Landlords written consent.

Other Fees & Charges

Lost Key(s) or other Security Device Charge

The tenant is liable for replacing any key(s), fob(s) or other security device(s) which are lost or damaged during the tenancy. If the loss/damage results in locks needing to be changed then the cost of the locksmith, replacing the keys and all other costs associated will be charged to the tenant to include if the landlord needs these items replaced and other individuals where necessary.

Unpaid Rent

Interest at 3% above the Bank of England base rate will be charged daily. This will not be payable until the rent is more than fourteen days in arrears.

If you have any questions, please ask a member of our lettings team.