What tenant fees will I pay?
Since the Tenant Fees Act of June 2019 the fees that tenants can be charged have been clearly defined in law. The following fees will be payable by tenants:
Application Stage
Holding Deposit: 1 week’s rent (calculated by annual rent divided by 52). This payment is offset against the first month’s rent.
Pre-Tenancy
Tenancy Deposit: maximum of 5 weeks’ rent.
First Month’s Rent (as advertised), minus the holding deposit stated above.
These payments are due once the tenancy agreement is signed and must be received by us before you can move in.
During the Tenancy
As well as paying the rent, you may also be required to make the following payments if you breach the terms of the tenancy:
- Late rent: if your rent is 14 days or more overdue, we reserve the right to charge interest on the overdue amount at 3% a year above the Bank of England base rate, for each day it is outstanding.
- Lost keys or security devices: if you lose a key or security device, you will be liable for the reasonable cost of replacing it, including changing any locks where that is needed as a result. We will give you written evidence of the cost.
- Damage or blockages you cause: if a repair, blockage or call-out is caused by the negligence, actions or inaction of you or anyone living with or visiting you, you will be liable for the reasonable cost of putting it right. We will give you written evidence of the cost, such as the contractor’s invoice.
- Missed contractor appointments: if a contractor attends at a time arranged with you, cannot get in, and charges for the wasted visit, you will be liable for the reasonable cost charged by the contractor. We will give you written evidence of the cost.
We do not provide a lock-out service. If you are locked out, you can call a locksmith of your choice at your own cost.
Goldsmith Property holds Client Money Protection through the UKALA Client Money Protection Scheme and is a member of The Property Redress Scheme.
If you require any further advice, please contact us.
How do we ensure our landlords are protected?
We are a registered member of the UKALA Client Money Protection Scheme. This is a client money protection scheme to ensure your money is handled in the correct manner. Download a copy of our UKALA Client Money Protection Certificate here.