TENANT FEES
Here's a breakdown of our tenant fees
Holding Deposit
(Per Tenancy)
This is paid to officially reserve a property. Please note your holding deposit will be withheld if you/your guarantor provide false or misleading information which the landlord or agent can reasonably take into account when deciding to let a property – this can include your behaviour in providing the false and misleading information
-
fail a right to rent check
-
decide not to proceed with a tenancy (i.e. you ‘withdraw’ from a property).
By paying holding deposit you agree for it to be used as a contribution towards your first month’s rent if the Tenancy proceeds to move in/completion.
​
Equal to 1 weeks (agreed) rent
Lost Key(s)
Tenants are liable for covering the cost of replacing any lost key(s) If the loss of keys results in locks needing to be changed, the total costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour for the time taken replacing lost key(s).
​
Tenants are liable for the actual cost of replacing any lost keys(s) or other security device(s).
Tenancy Deposit
(Per Tenancy)
Exact amount will vary depending on the property; paid to cover potential damages or defaults during tenancy. For rent under £50,000 per year capped at max 5 weeks rent; for rent of £50,000 or more per year capped at max 6 weeks rent
Contract Variation
To cover the costs associated preparation and execution of new legal documents.
​
£50 per agreed change
Unpaid and/or late Rent payment(s) – England
Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. This will not be levied until the rent is more than 14 days in arrears. If you are struggling with your rent payments please contact us straight away so we can help you find a solution. Failure to make rental payments may result in legal action being taken.
​
From the due date until paid in order to pursue non-payment of rent.
Early Termination* (Tenant’s Request)
Should the tenant(s) wish to terminate their contract early, they shall be liable for all costs, fees and charges incurred by the landlord including the agent’s existing or reletting fees, as well as the rent due under the tenancy until the start date of the replacement tenancy.