Tenant Fees

Holding deposit

One week's rent

This holding deposit will be withheld if any relevant person, including guarantors:

• ·withdraws from the tenancy;
• ·fails a Right to Rent check;
• ·provides materially false or misleading information;
• ·fails to take all reasonable steps to enter into the tenancy agreement within 15 calendar days, or another deadline mutually agreed in writing.

Subject to a successful application, the holding deposit will normally be applied toward the first month's rent or tenancy deposit.

Tenancy deposit

Five weeks' rent, or six weeks where the annual rent is £50,000 or more

Unpaid rent

Interest capped at 3% above the Bank of England base rate

Lost keys or security devices

The actual cost of replacement

If the loss requires locks to be changed, tenants will be responsible for the reasonable cost of:

• ·locksmith services;
• ·replacement locks;
• ·replacement keys for the tenant, landlord, and authorised key holders.

Where additional administrative time is required to replace lost keys or security devices, a charge of £15 per hour, inclusive of VAT, may apply.

Variation of contract

£50 inclusive of VAT, per agreed variation

• ·obtaining the landlord's instructions;
• ·preparing amended documentation;
• ·executing the revised legal agreement.

Change of sharer

£50 inclusive of VAT, per replacement tenant, or reasonable costs incurred if higher

• ·landlord instruction;
• ·referencing and Right to Rent checks for the incoming tenant;
• ·deposit administration;
• ·preparation and execution of the new legal documentation.

Early termination at the tenant's request

The landlord's reasonable costs, capped at the remaining rent

These costs may include:

• ·marketing the property;
• ·referencing a replacement tenant;
• ·preparing a new tenancy agreement.

The tenant will remain responsible for rent until a replacement tenancy begins, or until the tenancy term ends, whichever occurs first. Costs will not exceed the remaining rent payable under the tenancy agreement.