Please find below a list if fees a tenant can be liable for and we the agent
(Brinsons Ltd) reserve the right to apply a charge.
Lost / replacement keys - £10.00
Late rent – Any late rent due will be incur a late fee in line with the Bank of England base interest rate plus 3% as an annual percentage rate (APR). A late rent payment would only be permitted seven days after the rent due date.
Damage caused by the tenant – charges will be applied to any tenant damage caused exceeding the security deposit at the start of the tenancy.
Holding deposits - A holding deposit can be any amount up to a maximum of the equivalent of one weeks’ rent. A holding deposit will be taken equivalent to 1 weeks rent before commencing with any reference checks.
A holding deposit is a small deposit which is paid by a tenant to secure a property. It allows the landlord or agent to check the suitability of a tenant. It serves as a guarantee to the landlord that the tenant is committed to taking on the property and a guarantee to the tenant that the landlord will hold the property for them, pending successful completion of their suitability tests.
Security deposit – A security deposit will be taken of 1 months rent plus £100. This will be referred to within the tenancy agreement and deposit prescribed information.
An example would be on a rental of £500.00pcm the security deposit would be £600.00, one months rent £500.00 plus £100.00 equalling £600.00.
