Tenant Fees

Housing Act Tenancies (AST)

You can see all of the money and fees you’ll need to pay for Housing Act Tenancies (AST) listed below.

All our fees and charges are shown including VAT.

General fees and charges

Description

Charge

Holding deposit Equivalent of one weeks rent, which will be put towards your first rent due on completion of the tenancy.
Any tenancy agreement specially negotiated clauses agreed after the tenancy agreement has been signed Equivalent of one weeks rent, which will be put towards your first rent due on completion of the tenancy.
Traditional deposit: annual rent less than £50,000 Equivalent to five weeks’ rent.
Traditional deposit: annual rent £50,000 or more Equivalent to six weeks’ rent.
Change of sharer Up to £50 for one new reference and providing a new tenancy agreement, or for any reasonable costs incurred if these are higher than £50.
Early termination (at landlord's discretion) All costs, fees and charges incurred by the landlord for allowing early termination including the agent’s existing or re-letting fees.
Stamp Duty Land Tax Payable on tenancies where the rent (for the whole time a tenant stays in the property) exceeds £125,000.
Bank charges There is no charge for payments to UK bank accounts, if you ask us to pay an overseas account we’ll charge £30 per payment.

Default fees and charges

Description

Charge

Late, unpaid, returned rent payments 3% above the base rate of Bank of England per annum, calculated daily.
Lost keys Any cost for the replacement of keys, fobs, security devices or associated items which have been lost, damaged or broken.

These charges are in line with Government regulations. If you have any queries your local lettings team will be able to help you.