Holding deposit (per tenancy): One week’s rent to reserve the property. This can be withheld if any relevant person, including any guarantors withdraw from the tenancy, fail a Right- to-Rent check or provide any false or misleading information through the agreement process.

Security deposit (per tenancy): Five weeks rent.  This covers damages or defaults on the part of the tenant during the tenancy in excess of fair wear and tear.

Unpaid rent: If you fail to pay your rent on time you will be charged interest at 3% above the Bank of England base rate from rent due date until paid. This will not be levied until the rent is more than 14 days in arrears.

Lost keys or other security devices:  You as a tenant are liable for the cost of replacing any lost keys or other security devices. If it results that the locks need to be changed, the costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to you, the tenant. If extra costs are incurred there will be a charge of £15 per hour inc. VAT for the time taken replacing lost keys or other security devices.

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 this be requested; it is the landlords decision as to how to proceed. No extra charges surpassing the remaining rent, for the remainder for the contract, can be charged. 

Please contact our team should you have any further questions.