Tenant Information and Fees

Holding Deposit

A maximum of one week’s rent. Please note this will be withheld if the prospective tenant, 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 Guarantor’s agreement) within 15 calendar days or any other deadline for agreement as agreed in writing with between the agent and the tenant.
 
Security Deposit

Five weeks’ rent (per tenancy)
Please note where the annual rent is less than £50,000 per year the deposit payable is five weeks, where the annual rent is greater than £50,000 up to six weeks deposit is payable.
 
Rent and Utility Bills

Payable as outlined in the Tenancy Agreement
 
Unpaid Rent

Interest at 3% above the Bank of England base rate, as outlined in the Tenancy Agreement
 
Lost Keys
Tenants are liable for the cost of replacing any lost keys or security device, including a change of lock or replacement of device if required.
If tenant is locked out and requires agent’s assistance out of hours there will be charge of £50.00
 
Variation of tenancy documents

after commencement of tenancy £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlords instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
 
Early Surrender of the AST (at Tenant’s Request)

Should a tenant need to surrender the tenancy early and the Landlord agrees to re-let the property, the liability for the payment of rent will end once a new tenant is found and takes up occupation. However, the tenant will still need to cover all costs, fees and charges incurred by the landlord for allowing early termination including the agent’s existing or re-letting fees.
    
Early Termination

All costs, fees and charges incurred by the landlord for allowing early termination including the agent’s existing or re-letting fees.
 
Stamp Duty Land Tax

This tax is payable on tenancies where the rent exceeds £125,000