We ensure that our tenants' rights are protected - not all agents are the same.
Tenant fees and services
We have set out below what additional fees will be charged and how they are calculated. These fees will be paid in addition to any Rent and Deposit that is due under a Tenancy Agreement.
Holding Deposit (per tenancy)
One week’s rent. This is to reserve a property. The deposit will be withheld if any relevant person (including any guarantor(s)) withdraws from the tenancy, fails a Right- to-Rent check, provide materially significant false or misleading information, or fails 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 weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.
Security Deposit (per tenancy) Rent of £50,000 or over per year
Six weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.
Interest at 3% above the Bank of England Base Rate is charged from the Rent Due Date until all due rent is paid. The fee will be used to pursue payment of rent due. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Early Termination of tenancy (Tenant’s Request)
Should a tenant wish to leave their contract early they will be liable for all rent due under the tenancy until the start date of a replacement tenancy.
These costs will be no more than the maximum amount of rent outstanding on the tenancy. AR Lettings levy a charge of £300 for related administration costs and setting up a new tenancy agreement.
If tenants lose keys or other security devices
Tenants will be charged 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 cost of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).