Permitted Fees Chargeable to a Tenant

Late rent charges

Interest on arrears will be charged at a rate of 3% above the Bank of England base rate, levied from the 14^th day of arrears until payment is received.

Alterations to the AST

£50 inc VAT per agreed variation

Charge for early termination of the contract

Should a tenant wish to leave their contract early, they shall be responsible for the landlord’s costs in re-letting the property, as well as all rent and utilities, due under the tenancy until the start date of the replacement tenancy.

Lost keys and/or security devices

Tenants are liable for the actual cost of replacement keys, security devices, or lock changes, as necessary.

Deposit that Smiths Property Experts are permitted to request and hold:

Property Holding deposit

1 week’s rent (please note that this is non-refundable should references prove unsatisfactory).

Security deposit 

5 weeks’ rent for tenancies with annual rent up to £50,000.

6 weeks’ rent for tenancies with an annual rent of £50,000 or more.