Contract Holder Fees

Applicable to all tenancies starting on or after 1st September 2019

Holding Deposit

• Equivalent to one week's rent
• Reserves the property while your application is processed
• Non-refundable if:
  • Any contract holder or guarantor withdraws from the tenancy
  • False or misleading information is provided
  • The occupation contract or Deed of Guarantee is not signed within 15 calendar days (or other agreed deadline)

Rent

• Payable monthly in advance
• As outlined in the occupation contract

Security Deposits

Security Deposit: One month's rent plus £100.00

• This is required to be paid in full before moving in.
• There may be circumstances which mean a higher amount of deposit is requested. This will be discussed with you prior to signing any agreement.

Pet Deposit: Additional security deposit required

• Covers potential property damage.
• Protected in a government-authorised scheme and may be returned at the end of the occupation contract.

Other Costs

Late Rental Payment:

Interest charged at 3% above Bank of England base rate if rent is overdue by more than 7 days.

Lost Keys / Security Devices:

Contract holder(s) are liable for actual replacement costs. If locks must be changed, costs for locksmith, new lock, and replacement keys will be charged.

Early Termination:

If leaving early, contract holder(s) must cover:

• Landlord's re-letting costs
• Rent due until a replacement contract begins
• Total costs will not exceed the remaining rent due

Missed Appointments:

Reasonable fees may apply for missed third-party appointments at the property.

Duplicate Written Statement:

A reasonable fee may be charged for additional copies after the original has been provided.

Responsibilities & Repairs

Contract holder(s) must:

• Comply with all valid obligations of any headlease or covenant (excluding rent/service charges)
• Avoid obstructing common areas; removal costs may be charged
• Undertake repairs promptly when notified
• Not alter electrical installations (e.g., sockets, switches); breach may incur inspection/remedial costs

Guarantor Obligations

• The guarantor agrees to cover any reasonable losses due to the contract holder's failure to meet obligations or pay rent
• Payments must be made in full and on demand, even after the contract ends or possession is returned