BOOK VALUATION

Tenant Payments

Coin

What a tenant may be asked to pay is limited by law. It should be stated plainly — the same room, the opposite side of the desk. What follows are the payments permitted under the Tenant Fees Act 2019.

Rent As agreed in the tenancy

The contractual rent for the property.

Holding Deposit Equivalent to one week’s rent (statutory maximum)

A refundable holding deposit to reserve the property, capped at one week’s rent under the Tenant Fees Act 2019.

Tenancy Deposit Five weeks’ rent (or six weeks’ where annual rent is £50,000 or more)

A refundable tenancy deposit, protected in a government-authorised scheme. Capped at five weeks’ rent where the annual rent is less than £50,000, or six weeks’ rent where the annual rent is £50,000 or more.

Late Rent Interest Bank of England base rate + 3%

Interest may be charged only where rent is more than 14 days overdue, at no more than 3% above the Bank of England base rate, and only if permitted by the tenancy agreement.

Lost Keys / Security Devices Reasonable cost of replacement

The reasonable cost of replacing a lost key or security device, where permitted under the tenancy agreement. Evidence of cost will be provided on request.

Variation, Assignment or Novation £50, or reasonable costs if higher

Where a change to the tenancy is requested by the tenant. Capped at £50, or the landlord’s / agent’s reasonable costs if higher, under the Tenant Fees Act 2019.

Early Termination Landlord’s loss / reasonable costs

Where early termination is requested by the tenant. Limited to the landlord’s loss and the agent’s reasonable costs arising from the termination.

Utilities, council tax and similar As billed by the relevant provider

Payments for utilities, communication services, TV licence and council tax where the tenant is responsible under the tenancy.

Client Money Protection Client Money Protect

Redress Scheme The Property Ombudsman

We do not charge prohibited tenant fees. Published in accordance with the Tenant Fees Act 2019 and the Consumer Rights Act 2015. Landlord fees are set out under Landlord Fees.