Tenant Fees
ASSURED SHORTHOLD TENANCIES (ASTs) 2024
Holding Deposit (per tenancy) - One week’s rent. This is to reserve a property. Please Note: 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, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or 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.
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, and requiring keys will be charged to the tenant. If a call out is required there is a minimum fee of £50.00.
Change of Contract (Tenant’s Request) - Any change required during an active Tenancy, a £50.00 fee will apply.(inc. VAT) 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) - Early Termination fee of £220.00 will apply. Should the tenant wish to leave/terminate their contract early, they shall be liable for the rent, utilities and any other cost related to the property due, under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Company Application - A Company Application/ Administration fee of £400.00 will be charged.
