Tenants Letting Fees

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Letting Fees

As of 1st June 2019, new Legislation has been introduced that only allows for the following payments to be made

Before the tenancy starts

Holding Deposit: 1 week’s rent which is calculated as £month’s rent x 12 ÷ 52 = 1 weeks’ rent. On completion this amount is deducted against what is owed

Deposit amount: 5 weeks rent which is calculated as £month x 12 ÷ 52 = 1 week weeks’ rent x 5

During the tenancy

Payment of £50.00 plus VAT at the current rate if you want to change the tenancy agreement

Payment of interest for the late payment of rent at a rate of 3% per annum above the Bank of England declared base rate calculated on a daily basis on any rent in arrears

Payment of £30 plus the replacement key / security device cost plus VAT at the current rate for the reasonably incurred costs for the loss of keys / security devices

Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy

During the tenancy (payable to the provider of your choice) if permitted and applicable

Utilities – gas, electricity, water

Communications – telephone and broadband

Installation of cable/satellite and subscription to cable/satellite supplier subject to the Landlord agreement

Television licence

Council Tax

Other permitted payments

Any other permitted payments, not included above, under the relevant legislation including contractual damages and costs

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