Agent fees
Tenancy Deposits

Rob Stevens
Rob Stevens
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1 Posts
1 month ago
0

HI, I am looking to start a new tenancy for myself due to work circumstances.
The property in question has the following tenant information, which I want to check is acceptable/legal under new regulations as I was under the understanding Agents couldn't charge any fees?

'TENANT FEE GUIDE
Before the tenancy starts (payable to Northwood (Ashford) Ltd, the Agent)
Holding Deposit* - Maximum of 1 weeks rent (per tenancy)

  • This may be a non-refundable payment

This fee is non-refundable should you decide not to progress your application/sign your tenancy agreement within 15 Calendar days (unless otherwise mutually agreed) or if you have given false/misleading information on the application form or any applicant fails a Right to Rent check.
It will be returned to you in the event the landlord is unable to proceed.'

Your advise would be appreciated
Kind regards
Rob

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