For the longest time, tenants have had to pay large fees to rent the property they want. From June 1st 2019 all that changed and moving became a lot easier.
The following are permitted payments which we may request from you:
a) The rent
b) A refundable tenancy deposit capped at no more than five weeks' rent where the annual rent is less than £50,000, or six weeks' rent where the total annual rent is £50,000 or above
c) A refundable holding deposit (to reserve a property) capped at no more than one week's rent
d) Payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher
e) Payments associated with early termination of the tenancy, when requested by the tenant
f) Payments in respect of utilities, communication services, TV licence and council tax; and
g) A default fee for late payment of rent and replacement of a lost key/security device, where required under a tenancy agreement
Please call us on 01296 791 960 if you wish to discuss this further.
Layco Property Services Offer tenants support and guidance through the process of renting a property to help them find the right property and make sure they know all they need to know to make the right decision.
Below is a library of some useful documents that anyone thinking of renting should read.
Do you have questions? Just call 01296 791 960 or email declen@laycoproperties.co.uk and we will be happy to help.
