Contract Holder(s) Fees
| Fee | Information | |
|---|---|---|
| Administration fee | No Fee | For all tenancies starting on or after 1st September 2019. |
| Rent | Contract Holder(s) are responsible for paying rent monthly in advance as per the terms outlined in the occupation contract. | |
| Holding Deposit | One week rent equivalent | This reserves the property whilst your application is being processed. Your holding deposit will be withheld if any contract holder (including a guarantor) withdraws from the occupation, if any contract holder provides false or misleading information or fail to sign their occupation contract (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing). |
| Security Deposit | One month rent + £100.00 | Before moving into the property, contract holder(s) are required to pay a security deposit. The maximum deposit is equivalent of five weeks' rent, unless the annual rent exceeds £50,000, in which case it's six weeks rent. |
| Pet Deposit | Additional security deposit required | To cover the added risk of property damage. This will be protected with your security deposit in a Government-authorised scheme and may be returned at the end of the occupation contract. |