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Tenants Fees

 

Under the Tenant Fee Act which came into effect 1st June 2019 there have been some changes to the fee’s tenants pay when entering into a tenancy on or after 1st June 2019.

Holding Deposit:

Equivalent to one weeks rent of the advertised property. This is refundable upon successful completion of referencing.

Deposit:

Equivalent to five weeks rent of the advertised property. All Deposits are protected under the TDS Tenancy Deposit Scheme which is a government approved deposit protection service for landlord, agents and tenants.

Rent Arrears:

A late payment charge will be applied to any tenancy where the rent is over 14 days late. This will be charged at 3% above the Bank of England’s base rate of interest.

Garage Licence’s:

£60.00 Set up Fee