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.
Payment of £30 inc VAT if you want to amend your direct debit, once this has been set up.
Payment of interest for the late payment of rent at a rate of 3.75% (limited to a maximum of 3% above base rate), where rent is more than 14 days overdue.
Payment of up to £150 inc VAT for the reasonably incurred costs for the loss of keys/security devices.
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.