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Costs and Charges for Tenants on Assured Shorthold Tenancies
Deposits When a rental is agreed a holding deposit of one weeks rent will be paid. This will be held by Heywoods whilst references are taken and the Tenancy Agreement drawn up. The Holding Deposit will be used to form part of the Deposit on the Tenancy. If you withdraw from the letting or fail referencing the Holding Deposit will be retained by the Landlord. If the Landlord does not go ahead with the letting the Holding Deposit will be returned to the Tenant.
A security deposit will be the equivalent to 5 weeks rent, to be collected and held during the tenancy against unpaid rent or bills, dilapidations and any other costs or losses incurred as a result of any breach of the terms of the Tenancy Agreement. If the annual rental exceeds £50,000 per annum an equivalent of 6 weeks rent will be collected and held during the tenancy against unpaid rent or bills, dilapidations and any other costs or losses incurred as a result of any breach of the terms of the Tenancy A
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