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