Tenancy

Permitted Payments and Tenant Protection Payments

• Holding deposits (a maximum of 1 week's rent)
• Deposits (5 weeks' rent for annual rent below £50,000, or 6 weeks' rent for annual rental of £50,000 and above)
• Payments to change a tenancy agreement eg. change of sharer (capped at £50 or, if lower, any reasonable costs)
• Payments associated with early termination of a tenancy (capped at the landlord's loss or the agent's reasonably incurred costs)
• Utilities, communication services (eg. telephone, broadband), TV licence and council tax
• Interest payments for the late payment of rent (up to 3% above Bank of England's annual percentage rate)
• Reasonable costs for replacement of lost keys or other security devices
• Contractual damages in the event of the tenant's default of a tenancy agreement
• Any other permitted payments under the Tenant Fees Act 2019