The information below covers all the costs that are associated with a tenancy agreement other than the monthly rental itself.

Before the tenancy starts (payable to Giggs and Company Lettings):

  • Holding deposit: 1 week’s rent
  • Deposit: 5 weeks rent 
  • (Example: you choose to rent a flat at £650 per calendar month. Your deposit will be £650 x 12 / 52 x 5 = £750)
  • First month’s rent minus the holding deposit (Example: £650 - £150 holding fee = £400) 
  • Example: total amount due on move in would be £1150

During the tenancy (payable to Giggs and Company Lettings):

  • Payment of £50 inclusive of VAT if you want to change the tenancy agreement
  • Payment of interest for the late payment of rent at a rate of (Example: £500 rent arrears and 26 days outstanding
  • 500 x 0.0375 = £18.75
  • 18.75 ÷ 365 = £0.051
  • 5.1p x 26 = £1.34
  • Payment of £50 inclusive of VAT for the reasonably incurred costs for the loss of keys/security devices
  • Payment of any unpaid rent or other reasonable costs (such as re-marketing costs) associated with your early termination of the tenancy - £330 (inclusive of VAT)

Other permitted payments

Any other permitted payments, not included above, under the relevant legislation, including contractual damages.