Tenant Fees

Tenant Fees and Permitted Requested Payments

 Permitted Fees Chargeable to a Tenant

  • Late Rent Charges – £40.00 inc VAT to chase late payment in writing. Late payment will be chased weekly. Interest on arrears will be charged at a rate of 3% above the base rate of the Bank of England, charged monthly.
  • Charge for early termination of your contract and replacement of tenancy – £175.00 inc VAT
  • To make material alterations to the AST – £48.00 inc VAT.
  • Reasonable payment of up to £120.00 inc VAT for costs incurred costs for the loss of keys and/or security devices.

Deposits that we are Permitted to Request and Hold

When preparing a new tenancy

  • Property Holding Deposit: 1 weeks rent (to be held by Smiths until the tenancy starts).
  • Security Deposit: 5 weeks rent (to be held by Smiths until lodged with the DPS at the start of the tenancy).