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New Assured Shorthold Tenancies (ASTs) signed on or after 1 June 2019
Holding Deposit (per tenancy)
One week’s rent. This is to reserve a property.
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 nonpayment of rent.
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 extra costs are incurred there will be a charge of £15 per hour (Inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Variation of Contract (Tenant’s Request) £50 (Inc. VAT) per agreed variation.
Change of Sharer (Tenant’s Request) £50 (Inc. VAT) per replacement tenant or any reasonable costs incurred if higher.
Early Termination (Tenant’s Request) Should the tenant wish to leave their contract early; they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy.
These fees are in line with the Tenant Fees Act 2019. Please ask a member of staff if you have any questions.
Non-Assured Shorthold (AST) Tenancies / Licences
Holding Deposit (per tenancy)
One week’s rent. This is to reserve a property.
Security Deposit (per tenancy) Six weeks’ rent or eight weeks’ rent if there are pets. This covers damages or defaults on the part of the tenant during the tenancy.
Tenancy Agreement Fee (per tenancy) £300 Inc. VAT
Tenant Referencing Fee per Tenant) £240 Inc. VAT per tenant
Guarantor Referencing Fee (per Guarantor) £240 Inc. VAT per guarantor
Tenancy Renewal Fee (per tenancy) £300 Inc. VAT
Inventory Checkout Fees
Property Size Studio Furnished £110 Inc. VAT Unfurnished £100 Inc. VAT
Property Size 1 Bedroom Furnished £140 Inc. VAT Unfurnished £120 Inc. VAT
Property Size 2 Bedroom Furnished £160 Inc. VAT Unfurnished £140 Inc. VAT
Property Size 3 Bedroom Furnished £190 Inc. VAT Unfurnished £170 Inc. VAT
Property Size 4 Bedroom Furnished £220 Inc. VAT Unfurnished £200 Inc. VAT
