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Fees to Tenants
Tenant Fees and Permitted Payments- Holding deposits - a maximum of 1 week’s rent
- Deposits - a maximum deposit of 5 week’s rent for annual rent below £50,000, or 6 week’s rent for annual rental of £50,000 and above
- Payments for a Variation or Change to a tenancy agreement - £50 inclusive of VAT
- Payments associated with early termination of a tenancy – capped at the landlord’s loss or the agent’s reasonably incurred costs
- Utilities, communication services ( e.g. telephone, broadband) TV licence, council tax
- Interest payments for the late payment of rent – can be charged up to 3% over the Bank of England base rate
- Reasonable costs for the replacement of lost keys or other security devices.
