Existing Assured Shorthold Tenancies (ASTS) and all Assured Tenancies (those signed before 1 June 2019)
Explanation of our Tenancy Fees
For existing tenancies (those signed before the 1 June 2019) under the Tenant Fees Act, there is a transitionary 12 month period ending 31st May 2020 where fees will continue to apply as set out below. Under the rules if an existing tenancy drops onto a statutory Periodic or Contractual Periodic this is classed as an extension of the existing tenancy agreement. For any new tenancy signed on or after 1 June 2019 please refer to 'New Assured Shorthold Tenancies (ASTs) Signed on or after 1 June 2019.' The fees quoted below are in addition to any rent and deposit that is due under a Tenancy Agreement.
Tenant Deposit
A deposit equivalent to one and half months’ rent will be required, unless otherwise stated, to be paid at the start of the tenancy. This is subject to referencing. A landlord may require a higher deposit if the referencing criteria is not met. Further details will be provided at that time.
Pet Deposit
Where it is agreed that a pet is allowed, an additional pet deposit will be required. The minimum additional deposit per pet will be £250.00, although in many cases a landlord may require a pet deposit equivalent to one month's rent. Depending on the type of pet, you may be required to have all carpets and curtains professionally cleaned and fumigated at the end of the tenancy. Receipts will be requested as proof.
Goodlord Platform Administration Fee
Where the Goodlord platform is required to process a tenancy application there will be an administration fee of £6.00 including VAT per tenant payable at the final stage of the Goodlord process.
