Permitted payments

When you have found a property you want to rent, Lauristons will provide you with a Tenancy Fee Declaration. This explains the application process as well as shows you any permitted payments which are due before you sign your Tenancy Agreement and any which may become payable during and after the tenancy. This will also include confirmation of the agreed rent and the deposit.

Below is a list of our current permitted payments. Please ask a member of staff for a full breakdown of permitted payments that may be payable before, during and after a tenancy for any property that you are interested in.

Permitted payments before moving in

Permitted payments after moving in which may be applicable to some applicants

Unpaid rent

Interest at 3% above the Bank of England Base Rate from Rent due date until paid in order to pursue non-payment of rent. Please note: This will not be charged until the rent is more that 14 days in arrears.

Lost key(s) or other security devices

Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant.

Change of sharer (Tenant's request)

£50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking the landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as preparation and execution of new legal documents.

Early Termination (Tenant's request)

Should the tenant wish to leave their contract early, they shall be liable for the landlord’s incurred costs in letting the property as well as all the rent under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent left outstanding on the tenancy.

Permitted payments 'BEFORE' moving in

Holding Deposit (with your permission this can be deducted from the first months rent)

One week's rent to reserve the property.This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security deposit (per tenancy. Rent under £50,000 per year)

Five week's rent. This covers damages or defaults on the part of the tenant during the tenancy.

Security deposit (per tenancy. Rent over £50,000 or over per year)

Six week's rent. This covers damages or defaults on the part of the tenant during the tenancy.

Permitted payments 'AFTER' moving in which may be applicable to some applicants