For tenancies beginning on or after the 1st June 2019, you will receive a copy of our Tenant Terms of Business which, together with your tenancy Agreement, details everything which will become payable before, during and after the tenancy. This will include confirmation of the agreed rent and the deposit.

Below is a list of our current permitted payments:

Holding deposit: One week's worth of the monthly rental amount (per tenancy)

This reserves the property whilst your application is being processed.

Please note: Your holding deposit will be withheld if any relevant person (including any guarantors) 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 75 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security deposit (per tenancy, if the rent is under £50,000 per year). Five weeks' rent.
Security deposit (per tenancy, if the rent equals or exceeds £50,000 per year). Six weeks' rent.
Late payment of rent administration charges as follows: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue nonpayment of rent. Please Note: This will not be levied until the rent is more than 74 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 £75 per hour for the time taken replacing lost key(s) or other security device(s).

Variation of contract at the tenants request;£50 per agreed variation.
Change of sharer at the tenant's request (Early termination) £200 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 followed by check out inspection (exiting tenant) and check in inventory (for the new tenant).

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