Tenants Costs to Rent a Property

We believe in being completely upfront regarding our fees – so you can manage the cost effectively and don’t have to worry about any hidden charges along the way.

1. First Months Rent Paid in Advance

2. Security Deposit

In most cases this is equal to 5 weeks rent

3. Reservation Fee

£175-£500 per property depending on certain circumstances (please enquire) which is then deducted from the balance of money payable (e.g. Rent) 48 hours prior to the tenancy commencing.

Payments in the event of a default: Landlords and letting agents may require a tenant to make a payment in the event of a default (e.g. requesting a replacement for a lost key). The amount charged cannot exceed the loss suffered by the landlord. The tenancy agreement will specify the circumstances in which these payments may be required.

Charging to vary a tenancy: When a tenant has requested it, landlords and agents can charge to vary, assign or replace a tenancy. Such fees are capped at £50

Payment on termination of a tenancy: Agents and landlords can require a tenant to make a payment for an early termination of the tenancy agreement at the tenant’s request. The payment cannot exceed the loss suffered by the landlord or reasonable costs incurred by the letting agent.

Council Tax payments: Letting agents and landlords will require tenants to pay the Council Tax on the property they rent.

Payments for the provision of utilities: Agents and landlords are permitted to charge tenants fees associated with utilities, such as electricity, gas or other fuel, water or sewerage.

Payments for a television licence: A payment that a tenant is required to make to have a television licence is a permitted payment.

Communication services: Agents and landlords are permitted to charge tenants fees associated with communication services, such as telephone (other than a mobile), internet, cable/satellite television.

If the landlord decides not to rent the property to the tenant or fails to take reasonable steps to enter into the tenancy agreement by the deadline for agreement, then the Holding Deposit must be refunded within seven days of the date of that decision or the deadline for agreement.