Permitted Payments
Rent – Calculated as Rent Per Week X 52 Weeks / 12 months
Refundable Tenancy Deposit – Equivalent to Five weeks rent when total rent is under £50,000. Six weeks rent when total rent is over £50,000.
Refundable Holding Deposit – Equivalent 1 weeks rent.
Payments to Change the Tenancy - £50, if agreed by the landlord.
Payments Associated with Early Termination of the Tenancy - £350 per tenant, if agreed by the landlord.
Fee for Late Payment - Fixed penalty charges for late payment of rent and/or fees imposed for chasing up late rent are prohibited, for example:
• Late payment of rent that has been outstanding for 14 days or more will be charged at 3%+ Bank of England’s base rate for each day that the payment is outstanding.
• Should it be necessary to send a letter with regards to late payment of rent, these are chargeable to the tenant at a rate of £27.50. Personal visits are charged at £90.
Fee for Replacement of a Lost Key/Security Device - £36
**All prices are inclusive of VAT**
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