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Payments:
Holding deposits (a maximum of 1 week’s rent);
Dilapidation Deposit – 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 plus vat only with the landlords consent.
Payments associated with early termination of a tenancy (capped at the landlord’s loss or the agent’s costs);
Interest payments for the late payment of rent (up to 3% above Bank of England’s annual percentage rate);
All 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; and any other permitted payments under the Tenant Fees Act 2019.
Tenant protection
Edwards are a member of the Property Ombudsman and CMP.