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Tenant Permitted Payments

Refundable Holding deposit - Capped at 1 weeks rent per tenancy

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme Membership details The law requires your membership details

Property Redress Scheme Membership details The law requires your membership details

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Elmore's of London Blog

Area Guide - Elephant and Castle

We like to go the extra mile! So we will be blogging on each area we are operating in and taking on property. Our area of focus this month – Elephant and Castle.

Rental Property Market in London

The UK housing market is at its weakest point since the financial crisis a decade ago, but the rental market, especially in London is still going strong.

Source: Director