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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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Landlord Insurance

Landlord insurance... Why is this important?


We pride ourselves on finding you the best possible tenant and we have a very thorough vetting process. However we don’t have the psychic ability to tell you the future. 

There can be many unforeseen circumstances that could change your tenants situation; job loss, unexpected bills, emergency repairs, emergencies causing a sudden move, which could cause no payment of rent. Or you may need your property back at any time and you could get a tenant refusing to leave. If you take out an insurance policy or warranty product this could mean you are covered for any of the above. You won’t have to fork out for legal costs, court proceedings and eviction. The best thing about landlord warranties now as well is that most now cover for any loss of rent. It’s always good to cover every angle so this is what we advise. 

We know renting a property can be costly and adding another cost is not always ideal but spending between £100-£300 to protect you from potentially losing and/or spending thousands... I mean it’s a no brainer! 

We have teamed up with a great independent company who can tailor warranty products to your needs and tenancies. The great thing is with these products you do not have to commit yourself to a full year. You can chose to only have a product for 6 months to test the water and see how things go. You can have a warranty that covers you just for rental loss. Or even one to cover rental loss, legal expenses and even debt collection! Which saves you any phone calls chasing money you are rightfully owed.

We can discuss helping you get the Landlord cover you need at your valuation. Just make sure to ask the question! 

Source Director