Tenant Fees and Terms

Holding deposit – 1 week’s rent

To reserve a property, a deposit is required of 1 week’s rent. This will be withheld if you withdraw from the tenancy, fail a Right-to-Rent check, provide false or misleading information, or fail to sign your tenancy agreement within 14 calendar days.

Security deposit – (rent under £50,000 per year) – up to 5 weeks rent

This covers damages or defaults on the part of the tenant during the tenancy.

Security deposit – (rent over £50,000 per year) – up to 6 weeks rent

This covers damages or defaults on the part of the tenant during the tenancy.

Late / Unpaid Rent – 3% interest

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 Keys or Security devices

Tenants are liable for the cost of replacing any keys or security devices. If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant.

Change of Sharer - £50

If you need to change the sharer in your tenancy agreement, a standard charge of £50 inclusive of VAT will apply per person.