Tenant Costs

At the point of offer acceptance, you will be required to pay a holding fee which is equivalent to one week's rent*

Prior to move-in, you will be required to pay your move-in funds which comprise the first month’s rent and the security deposit (equivalent to 5 weeks’ rent). We will deduct the one week’s rent holding fee which you paid to secure the property.

This is an example for a tenancy agreed at £1000.00 per calendar month:

Move-in monies (taken a few days prior to move-in)
Holding Fee – One week’s rent	(£1000 x 12 = £12,000 ÷ 52 = £230.00)	£230.00
First month’s rent		£1000.00
Security Deposit (5 weeks’ rent)	(£1000 x 12 = £12,000 ÷ 52 = £230.77 x 5)	£1153.00
Sub Total		£2153.00
Minus Holding Fee already paid		-£230.00
Balance Required Prior to Move-in		£1923.00

*Please note that the holding fee is paid subject to contract and references, and is non-refundable if you decide to withdraw from the tenancy or if you are unable to proceed due to undisclosed adverse credit.

Additional Tenant Charges (During Tenancy)

Change of sharer (if one tenant leaves and is replaced)	£60.00
Early release fee (subject to landlord's permission)	Minimum £480.00 – Maximum £600.00

Neil Harrison FNAEA MARLA MLIA (dip) FPC CEMAP

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