Fees to tenants

Holding deposit

·      The maximum holding deposit allowed is up to one week’s rent calculated the same as the tenancy deposit

·         there is a deadline for agreement which is fifteen days from the date the holding deposit was received. 

The holding deposit must be repaid by the person who received it if:

• the landlord and the tenant enter into a tenancy agreement, it must be repaid within 7 days from the date of the tenancy agreement
• the landlord decides before the deadline for agreement not to enter into a tenancy agreement, it must be repaid within 7 days of the decision, or

the landlord and the tenant fails to enter into a tenancy agreement before the deadline for agreement and in this case, it must be repaid within 7 days from the deadline for agreement date

Deposit. The deposit is equivalent to one month’s rent and is payable at least 2 days before the tenancy commences. If the landlord allows a pet there is an additional £100 payable per pet. The deposit is sent to and registered with The Deposit Protection Service.