Permitted Charges in accordance with the Tenant Fee Act 2019
| Charge | Details |
|---|---|
| First Month’s Rent | Payable in advance at the start of the tenancy. |
| Tenancy Deposit | 5 weeks’ rent (if annual rent is under £50,000) or 6 weeks’ rent (if annual rent is £50,000 or more). |
| Holding Deposit | Maximum of 1 week’s rent to reserve a property. |
| Early Termination (requested by tenant) | A charge not exceeding the financial loss experienced by the landlord. |
| Utilities & Services | Tenant responsible for utilities, communication services, TV licence, and council tax. |
| Late Rent Payment | Interest charged at 3% above the Bank of England base rate when rent is more than 14 days late. |
| Replacement of Lost Keys / Security Devices | Charged at the actual cost incurred. |
| Amendments to Tenancy Agreement | £41.67 + VAT (£50 including VAT). |
Redstone Lettings and Management is a member of and covered by the ARLA/Propertymark Client Money Protection Scheme. Redstone is also a member of a redress scheme provided by The Property Redress Scheme.