Tenant Fees

Fees, Deposits & Obligations

Holding Deposit:

A Holding Deposit, equal to one week’s rent, is payable upon completion of your signed application form

Successful application – Any Holding Deposit will be offset against the first month’s rent with the agreement of the payee and additional Tenant(s)

Additional fees payable in accordance with The Tenant Fee Act 2019:

A draft example of our Tenancy Agreement will be offered to you whereby all charges applicable are detailed.

Default of Tenancy Agreement: Late Rent: Charged at 3% above the Bank of England base rate for each day payment remains outstanding
Default of Tenancy Agreement: Loss of Keys – Equal to the value of replacement
Contract Variation: Administration Charge: £50.00
Early release from Tenancy: Set at a minimum of £500.00 inclusive of VAT

Deposit:

A deposit equal to five week’s rent. The deposit plus one month’s rent (minus any monies already held on account) is payable once the application has passed and before the Tenancy begins – These monies cannot be paid until the Tenancy Agreement has been signed.

Deadline for Agreement:

This is a date agreeable by all parties at which they will commit to signing the Tenancy Agreement ahead of any Tenancy commencing. Failure to meet this deadline may result in you losing any Holding Deposit paid.

Deposit Replacement:

A deposit replacement scheme where available to Tenants replace the need for a five week deposit. Additional fees payable in accordance with The Tenant Fees Act 2019

Deposit:

A deposit equal to five weeks’ rent.

REDRESS SCHEMES & CLIENT MONEY PROTECTION

Simon Miller & Company Lettings are members of The Property Ombudsman (TPO)

Members of Client Protection Scheme: Client Money Protection (CMP) and SafeAgent

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