The following charges are payable or potentially payable by a tenant:
Holding deposit - A maximum of one week's rent.
Security deposit - Five weeks rent, rising to six weeks rent when the annual rent is in excess of £50,000.
Lost Keys - Tenants are liable for the cost of replacing any lost keys or security device, including a change of lock or replacement of device if required.
Amendments of Tenancy Agreement at Tenant's Request - A £50 per change which could increase depending on the level of work required to carry out the amendment.
Early Surrender of the AST at Tenant's Request - Should a tenant need to surrender the tenancy early and the Landlord agrees to re-let the property, the liability for the payment of rent will end once a new tenant is found and takes up occupation. However, the tenant will still need to cover the Landlord's costs in surrendering the tenancy and re-letting the property.
Non AST Contract
For any individual tenant not renting a property under an Assured Shorthold Tenancy the following charges are also payable:
Tenancy Administration charge –
One Applicant: £240
Two Applicants: £300
Three+ Applicants - £360
Guarantors - £60 Per Guarantor
Renewal charge - £100 Per Renewal
If a tenant decides to rent a property through us in the name of a business or company the tenancy administration and reference charge will be £300 for a new tenancy and £200 for every renewal.
For all tenancies there are other costs that must be covered on top of the rent throughout the tenancy and at the end of a tenancy. These might include:
