Once you have chosen a property, you are required to pay a holding deposit which secures the property, subject to referencing and contract.
|
Holding Deposit
(per tenancy) |
One week’s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing). |
|---|---|
|
Security Deposit
(per tenancy. Rent under £50,000 per year) |
Five weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy |
|
Security Deposit
(per tenancy. Rent of £50,000 or over per year) |
Six weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy |
| Unpaid Rent | Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears. |
| Lost Key(s) or other Security Device(s) | Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s). |
|
Variation of Contract
(Tenant’s Request) |
£50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents. |
|
Change of Sharer
(Tenant’s Request) |
£50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents. |
|
Early Termination
(Tenant’s Request) |
Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy. |
Once you have chosen a property, you are required to pay a holding fee which secures the property, subject to referencing and contract.
The holding fee covers the following administration charges:
Please note fees may vary by property, please contact a member of the Lettings team for more information.
| Single Person Upto and including groups of 3 |
Per Person | £360 | £300 + VAT |
|---|---|---|---|
| Couples | First Person | £360 | £300 + VAT |
| Second Person | £120 | £100 + VAT | |
| Sharers Groups of 4 or more |
Per Person | £270 | £225 + VAT |
Please note, should you withdraw from the let or fail to disclose any information which may affect your tenancy application the above fees are non-refundable. In the event that the Landlord is unable to continue with the prospective tenancy, your holding fee will be refunded. For more information about our fees and how they are calculated please click here.
YOUhome Property Experts is a member of ARLA Propertymark, and the Propertymark Client Money Protection (CMP) Scheme, you can find the Propertymark Conduct and Membership Rules here: https://www.propertymark.co.uk/working-in-the-industry/member-requirements/.
