We do not charge tenants any application, referencing or admin fees. The only payments we can ask for are the ones allowed by law, listed below.
Before you move in
| Payment | Amount |
|---|---|
| Holding deposit, to reserve the property while checks are done. This becomes part of your first month’s rent once the tenancy agreement is signed. | 1 week’s rent |
| Security deposit, protected in a government-approved scheme | 5 weeks’ rent |
| Rent in advance, payable only once the tenancy agreement has been signed | 1 month’s rent |
If the annual rent is £50,000 or more, the security deposit is 6 weeks’ rent. We cannot ask for more than one month’s rent in advance.
During your tenancy
| Payment | Amount |
|---|---|
| Change to your tenancy agreement at your request, for example adding a sharer | £50 including VAT, or reasonable costs if higher |
| Lost keys or security devices | Reasonable cost of replacement |
| Rent paid more than 14 days late | Interest at 3% above the Bank of England base rate for each day it is late |
| Ending your tenancy early at your request, where the landlord agrees | The landlord’s reasonable costs, no more than their loss |
Holding deposits
Your holding deposit is refunded in full if the landlord decides not to go ahead. It may be kept if you give false or misleading information, fail a Right to Rent check, or withdraw from the tenancy. We will always explain why in writing.
Right to Rent checks are a legal requirement for everyone over 18 who will live in the property. There is no charge for them.
Point Four Property Services Ltd is a member of the Property Redress Scheme and holds Client Money Protection. Our certificates are on our certificates page.