As well as paying rent, as agreed (usually quarterly or monthly in advance), you will also have to pay the following:
BEFORE YOU MOVE IN:
| Fee | Defined |
| Refundable Holding Deposit | One week’s worth of rent (to be refunded upon check in) |
| Refundable Tenancy Deposit | Capped at no more than five week’s rent where the annual rent is less than £50,000 or 6 weeks’ where the total rent is £50,000 or above. |
DURING YOUR TENANCY:
| Fee | Defined |
| Payments to change the tenancy | Where requested by yourself / yourselves as the tenant(s) to change aspects of the tenancy agreement and conditions (if applicable) capped at £50 inclusive of VAT. |
| Early termination of the tenancy | Where requested by yourself / yourselves as the tenant(s) capped at £50 inclusive of VAT. |
OTHER FEES:
| Fee | Defined |
| Default fee for late payment of rent | Interest at 3% above Bank of England base rate from date due and applies to rent which is more than 14 days overdue |
| Replacement of lost key/security devices | As per cost of getting keys and/or devices cut / replaced |
Arkwright and Co are a member of the Property Ombudsman scheme and the client money protection scheme operated by PCC Limited – Click here for our certificate
