The following are permitted payments which we may request from you:
a) The rent.
b) A refundable tenancy deposit (reserved for any damages or defaults on the part of the tenant) capped at no more than five weeks' rent where the annual rent is less than £50,000, or six weeks' rent where the total annual rent is £50,000 or above.
c) A refundable holding deposit (to reserve a property) capped at no more than one week's rent.
d) Payments to change the tenancy when requested by the tenant, capped at £50 inc Vat, or reasonable costs incurred if higher, charged to the incoming tenant.
e) Payments associated with early termination of the tenancy, when requested by the tenant, amounting to £300 inc Vat, charged to the exiting tenant.
f) Payments in respect of utilities, communication services, TV license and council tax; and
g) A default fee for late payment of rent and replacement of a lost key/security device, where required under a tenancy agreement.
Please contact us if you wish to discuss this further.