In addition to paying the rent, you may also be required to make the following payments permitted under the Tenant Fees Act 2019.
Before the tenancy starts (payable to BELVOIR ‘the Agent’)
A refundable Holding Deposit ( to reserve a property) 1 week’s rent
This Holding deposit can legally be retained if the tenant provides false or misleading information, if they fail a Right to Rent Check, if the tenants(s) withdraw from the proposed agreement ( decide not to let for whatever reason) or fail to take all reasonable steps to enter an agreement ( ie: responding to reasonable requests for information required to progress the agreement) when the agent has done so.
Tenancy Deposit: Capped at 5 week’s rent where the annual rent is less than £50,000 or six weeks rent where the total annual rent is £50,000 or above.
Payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher
Payments associated with early termination of the tenancy, when requested by the tenant
COMPANY LET - £540.00 INCLUDING VAT & £150.00 renewal fee INCLUDING VAT
During the tenancy (payable to BELVOIR)
Payment of interest for the late payment of rent ( more than 14 days overdue)( or a lost key/security device giving access to the housing) at a rate in line with the Bank of Englands’ annual percentage rate ( this must not exceed 3% above the Bank of Englands rate) for each day that the payment is outstanding or the reasonable costs incurred by the agent ( for a replacement key/security device).
During the tenancy if permitted and applicable
Utilities – gas, electricity, water and sewerage
Communications – telephone and broadband
Installation of cable/satellite
Subscription to cable/satellite supplier
Other permitted payments
Any other permitted payments, not included above, for breaches of contract or under the relevant legislation including contractual damages. These include reasonable costs or losses incurred for loss of keys, security devices and changes to the tenancy agreement or early termination, if the Landlord agrees they can be made, up to the permitted limits.
BELVOIR is a member of propertymark, which is a client money protection scheme, and also a member of The Property Ombudsman, which is a redress scheme. You can find out more details on our website or by contacting us directly. To view our certificate, please click here.
‘Tenant Fees for pre 1st June 2019 tenancies
Explanation of our tenant fees permitted under the Tenant Fees Act 2019 transitional provisions, where fees are written into existing tenancy agreements. These apply to all tenancy agreements granted or signed and executed before 31st May 2019, and can be charged up until 31st May 2020’
If you are unsure if any charges are permitted, you should please consider contacting Citizens Advice or obtaining legal advice