Tenant Costings

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Permitted Payments

The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments:

  • A holding deposit (up to 1 week's rent)
  • A tenancy deposit of 5 weeks' rent
  • A payment of up to £50 inc VAT to alter the tenancy agreement, when requested by a tenant, or reasonable costs incurred if higher
  • Interest at a rate of 3% above the Bank of England’s base rate, for late payment of rent (which is more than 14 days overdue)
  • A payment of £50 inc VAT for the replacement of a lost key or security device
  • Payments associated with early termination of the tenancy when requested by the tenant
  • Payments to service providers in respect of utilities, communication services, TV licence and council tax
  • Other payments, permitted under appropriate legislation, including damages.

The agent is a member of The Property Ombudsman Limited, which is a redress scheme, and Client Money Protect.

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