As well as paying the rent you may also be required to make the following permitted payments. 

A holding deposit being a maximum of 1 week’s rent (calculated by multiplying the monthly rent by 12 to give you the annual rent then dividing this amount by 52).

A deposit equivalent of up to 5 week’s rent (annual rent divided by 52 multiplied by 5). Alternatively, selected properties may be offered with a deposit replacement guarantee product. When arranging a deposit replacement guarantee product for you, the insurer pays us a commission that is a percentage of the total premium. 

An application fee of £100 inc. VAT where the tenancy agreement is to be prepared on behalf of a company.

Payment of £50 inc. VAT upon request of variation, assignment or replacement of a tenancy agreement.

Payment of interest for late payment of rent at a rate of 3% above Bank of England base rate on the late payment of rent for each day the payment is outstanding after 14 consecutive days.

You will be expected to pay the relevant incurred costs for the replacement of any lost keys or security devices (fob, electronic device for garage doors/security gates etc.). 

Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy.

Unless stated otherwise, during the tenancy you will be liable to pay for Council tax and any utilities at the property such as gas, electricity, water, telephone, broadband, TV licence etc. If you wish for cable/satellite to be installed (subject to landlords’ permission), you will be required to pay for the installation of the service as well as the relevant subscription costs. 

Rook Matthews Sayer is a member of RICS, 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 by visiting our website or by contacting our staff directly.