Fees and Costs

We no longer charge an Application Fee for processing your Tenancy Application.

 

Security Deposit

 

The amount of the Security Deposit is usually the equivalent of one month’s rent. However, in some situations it may be a higher figure, for example, if you have a pet. We will discuss this with you when you view the Property and then confirm the amount required. The security deposit will be lodged with the Deposit Protection Service (DPS).

 

Holding Deposit and Other Payments

 

The initial payment prior to referencing is £100 (payable to Runnetts Letting Agents) unless the monthly rent is less than £433 in which case the Holding Deposit will be the equivalent of one week’s rent.

The second payment prior to the move will be the remainder of the first month’s rent together with the security deposit (again payable to the Agent).

 

Late Rent: Interest charged at 3% above Bank of England base rate, when rent is more than 14 days late. This may be not be charged in cases of hardship.

 

During the tenancy and payable to the provider by the Tenant: Services and utilities including gas, electricity, heating oil, water, telephone and internet, satellite television, TV Licence. The tenant is responsible for paying the Council Tax. One or more of these charges (for example water) may sometimes be included as part of the rent – in this case we will give you full details when you view the Property.

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