Tenant Fees



Standard fees and terms for tenants

For New Assured Shorthold Tenancies (ASTs) signed on or after

1 June 2019 (Tenant Fees Act 2019)

Holding Deposit (per tenancy) — One week’s rent

The Holding Deposit is to reserve a property, Tenancy Premises. Please Note that 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 including false documents , or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or any other Deadline for Agreement as mutually agreed in writing).

Security Deposit (per tenancy. Rent under £50,000 per year) — Five weeks’ rent

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

Security Deposit (per tenancy. Rent of £50,000 or over per year) — Six weeks’ rent

This covers damages or defaults 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 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 £15.00 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

Payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher

Payments associated with early termination of the tenancy, when requested by the tenant Ending Your Tenancy Early Termination: £250.00 (Inc. VAT) per tenancy plus all rent due under the tenancy until the start date of the replacement tenancy. Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

Payments in respect of utilities, communication services, TV licence and council tax; Tenants are responsible for bills if these are not included within their rent. Payments for utilities, broadband, TV, phone and council tax are all excluded from the Tenants Fees ban.

Existing Tenancies.

All Existing Tenancies and Renewals will be dealt with under the current terms of the Tenancy Contracts and the requirements of the Tenants Fees Act 2019 will be implemented in line with the deadlines set within the Tenants Fees Act 2019..