Tenant Fee Schedule
The Tenant Fee Act 2019 sets out charges that can be made to tenants as follows:
Rent is payable to the Landlord as per the terms set out in the Tenancy Agreement.
Refundable tenancy deposit
Capped at no more than five weeks’ rent where the annual rent is less than £50,000, or six weeks’ rent where the total annual rent is £50,000 or above.
A refundable holding deposit
(to reserve a property) capped at no more than one week’s rent.
Late payment of rent
3% per annum above Bank of England Base rate if payments are more than 14 days late.
Lost keys or security device
Reasonable costs incurred by the agent or Landlord to replace keys or locks as required.
Changes to the tenancy
£50.00 Inc Vat per agreed change (and only higher if reasonable costs exceed this) where the tenant requests a change to the tenancy agreement including change of sharer.
If the tenant requests to leave the tenancy early, the Landlords reasonable re-let costs will be payable. These costs will never exceed the rent due on the outstanding term of the tenancy.
Council tax, utilities and communication services
Tenants are responsible for paying bills in accordance with the Tenancy Agreement, which could include council tax, utility payments (gas, electricity, water) and communication services (broadband, TV, phone).