In accordance with the Tenant Fees Act 2019, in addition to paying your rent, you may also be required to make the following permitted payments:
Before the tenancy starts (payable to I G Property 'the Agent')
Holding Deposit: Usually £100 per person – details of which will be on the application form. (limited to a maximum of 1 week's rent)
The holding deposit is paid to secure a property and the remainder of the deposit is paid at contract signing.
Deposit: Varies per property (limited to a maximum of 5 weeks' rent)
During the tenancy (payable to the Agent):
Payment of up to £50 inc VAT if you want to change the tenancy agreement (including our replacement tenant process), unless our reasonable costs are higher.
Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Tenants are liable to 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 costs 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).
Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy.
During the tenancy (payable to the provider, or to I G Property if utilities are included in your rent) if permitted and applicable:
- Utilities – gas, electricity, water
- Communications – telephone and broadband
- Installation of and subscription to cable/satellite
- Television licence
- Council Tax
(full time students are usually exempt from paying council tax – it is your responsibility to apply for this exemption with the Council).
Other permitted payments:
Any other permitted payments, not included above, under the relevant legislation including contractual damages.
