Occupancy Fees

Under current legislation, contract holders may only be asked to make the following payments:

A holding deposit of up to one week's rent may be required to reserve a property, subject to referencing and contract.

A occupancy deposit is required before the start of your occupancy. Where the annual rent is below £50,000, the maximum deposit is five weeks' rent. Where the annual rent is £50,000 or more, the maximum deposit is six weeks' rent. Your deposit will be protected in a Government-approved Occupancy Deposit Scheme.

Rent is payable as agreed within your occupancy agreement and is usually paid monthly in advance.

Where requested by the contract holder, changes to the occupancy agreement (such as a change of contract holder) may incur a charge of up to £50 (including VAT), or the reasonable costs incurred if these are higher.

If you wish to end your occupancy before the agreed fixed term, you may be responsible for the landlord's reasonable costs and any rent due until a replacement contract holder is found. Our team will explain any applicable costs before proceeding.

If rent becomes more than 14 days overdue, interest may be charged in accordance with the Contract Holder Fees Act 2019.

If replacement keys, security fobs or access devices are required, contract holders will be responsible for the reasonable replacement costs.