TENANT FEE SCHEDULE
Permitted Payments in accordance with the Tenant Fees Act 2019 for Assured Shorthold Tenancies (ASTs) signed on or after 1st June 2019
Holding Deposit (per tenancy) - One week’s rent. This is to reserve a property. Please note: 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 mutually agreed in writing).
Security Deposit (per tenancy, Rent under £50,000 per annum) - Five week’s rent. This covers damages or defects on the part of the Tenant during the Tenancy.
Security Deposit (per tenancy, Rent of £50,000 or over per annum) - Six week’s rent. This covers damages or defects 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 to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual cost of a locksmith, new lock and replacement keys for the Tenant, Landlord or 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 (Inc. Vat) for the time taken replacing lost key(s) or other security device(s).
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 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.
