Tenant Fees & Terms

Holding Deposit – 1 Week’s Rent

To reserve a property, a holding deposit equivalent to one week’s rent is required. This deposit may be withheld if any of the following occur:

• You withdraw from the tenancy.
• You fail a Right-to-Rent check.
• You provide false or misleading information.
• You fail to sign the tenancy agreement within 14 calendar days.

Security Deposit

This deposit is held as security for any damages, unpaid rent, or defaults during your tenancy and is registered with a government-approved deposit protection scheme. The maximum deposit amount depends on your annual rent:

• Under £50,000 per year: Up to 5 weeks’ rent
• Over £50,000 per year: Up to 6 weeks’ rent

Late or Unpaid Rent

If rent remains unpaid more than 14 days after the due date, interest may be charged at 3% above the Bank of England base rate. Interest accrues from the date the rent was due until payment is made, promoting timely payments and fairness for both parties.

Lost Keys or Security Devices

Tenants are responsible for replacing any lost keys or security devices. If locks must be replaced, you may be charged for: locksmith fees, new locks, and replacement keys for all affected parties.

• Estimated cost: From £15 (depending on the complexity of the replacement).

Change of Sharer – £50 (Inc. VAT)

Should you wish to add or replace a named tenant (sharer) on the existing tenancy agreement, a fixed administration fee of £50 per person applies. This covers the cost of amending the tenancy and completing referencing checks for the new sharer.

Summary of Chargeable Costs

Description	Fee
Holding Deposit	1 week’s rent
Security Deposit (annual rent under £50,000)	Up to 5 weeks’ rent
Security Deposit (annual rent over £50,000)	Up to 6 weeks’ rent
Late or Unpaid Rent	3% interest after 14 days
Change of Sharer (per person)	£50
Lost Keys / Security Devices	From £15