Tenant Payments

Tenant Permitted Payments Include:

  • Rent
  • Tenancy Deposit (5 weeks deposit)
  • Holding Deposit (1 weeks rent) non-refundable should the tenant change their mind, fail checks or falsify information
  • Payments in the event of a default
  • Payment on variation, assignment or novation of a tenancy
  • Payment on termination (surrender) of a tenancy
  • Payments in respect of Council Tax
  • Payments for utilities (electricity, gas or other fuel, water or sewage)
  • Payments for a television license
  • Communication services (telephone other than a mobile telephone; the internet; cable television, satellite television)
  • Green Deal charge
     

Tenancy Deposit:

Tenancy Deposit is five weeks’ rent where the annual rent in respect of the tenancy.

NB: Five weeks’ rent means five times one week’s rent.
 

Retaining the holding deposit:

The holding deposit can be held if:

  • The tenant fails a Right to Rent check regardless of when the deposit was accepted.
  • The tenant provides false or misleading information.
  • The tenant decides not to enter into a tenancy agreement.
  • The tenant fails to take all reasonable steps to enter into a tenancy agreement.
     

Default Fees:

  • Lost Keys
  • Late rent payment
  • Variation and novation of contract
  • Change of sharer
  • Surrender of tenancy

For detail on the default fees speak to a member of the team.