Tenant Fees?

Before the Tenancy Starts

Holding Deposit Fee 1 Week's Rent
Security Deposit 5 Weeks' Rent
(6 Weeks' Rent on Properties With Rent More Than £50,000.00 a Year)

 

During the Tenancy

Variation, Novation or Assignment of the Tenancy Agreement £50.00 inc. VAT (net £41.67)
Rent Outstanding for 14 Days or More 3% Daily Interest Rate
(above Bank of England Base Rate)
Payment of incurred costs for the loss of keys/security devices  
Payment of any Unpaid Rent or Other Costs Associated with Your Early Termination of the Tenancy/Breaking the Contract*  
*The Tenant will be required to give 1month's notice and will be subject to paying the Landlord the equivalent of 2 month's rent, along with his reasonable costs incurred in identifying a replacement Tenant.  

 

Nil Deposit Scheme - Reposit*

Initial Charge
(One-off, non-refundable service charge payable direct to Reposit.)
1 Week's Rent
Annual Extension Charge
(Payable direct to Reposit on the anniversary of your move in date if you stay longer than a 12 month period.)
£30.00 inc. VAT (net £25.00)
Replacement of Tenant Charge
(Admin charge payable direct to Reposit to update Tenant’s details.)
£50.00 inc. VAT (net £41.67)
ADR Charge (Alternative Dispute Resolution)
(Payable direct to Reposit if a claim goes to ADR and the adjudicator finds the claim to be wholly in the favour of the Landlord.)
£60.00 inc. VAT (net £50.00)

 

Other Permitted Payments

Any other permitted payments, not included in the above table, under the relevant legislation including contractual damages.  

Need a property valuation?

teams james_favas - Bentley Hurst
James Favas MARLA

Associate Director

0161 543 0310