Tenant information and fees
Tenant FeesThe following fees may apply under your tenancy. All fees comply with the Tenant Fees Act 2019.
1. Holding Deposit
2. Security Deposit
3. Unpaid Rent
4. Lost Keys or Security Devices
5. Variation of Contract (Tenant’s Request)
6. Change of Sharer (Tenant’s Request)
7. Early Termination (Tenant’s Request)
VAT Status: Jumping Ant Ltd is not VAT registered.
Important NoticeAll properties are let directly by Jumping Ant Ltd in our capacity as landlord.
We do not operate as a lettings or managing agent. All agreements are directly with Jumping Ant Ltd.
As a result, Client Money Protection and Property Redress Scheme membership are not applicable.
1. Holding Deposit
- Amount: One week’s rent
- Purpose: To reserve a property while the tenancy agreement is being prepared
- Conditions for withholding: May be retained only if a tenant (or guarantor) withdraws, fails a Right-to-Rent check, provides false or misleading information, or fails to sign the tenancy agreement within the agreed period.
2. Security Deposit
- Amount: One month’s rent
- Purpose: To cover any damages or defaults under the tenancy
- Notes: The deposit is registered with a government-approved deposit protection scheme.
3. Unpaid Rent
- Interest may be charged at 3% above the Bank of England base rate on amounts more than 14 days overdue.
- Interest is backdated to the original rent due date.
4. Lost Keys or Security Devices
- Tenants are liable for the actual cost of replacing lost keys or security devices.
- If locks must be changed, costs include locksmith, new locks, and replacement keys for all required parties.
5. Variation of Contract (Tenant’s Request)
- Fee: £50 per agreed variation (no VAT)
- Covers administrative costs of updating agreements where permitted under the law.
6. Change of Sharer (Tenant’s Request)
- Fee: £50 per replacement tenant, or reasonable additional costs if higher
- Covers administrative costs, referencing, and Right-to-Rent checks where applicable.
7. Early Termination (Tenant’s Request)
- Tenants wishing to end a tenancy early are responsible for:
- Rent due until a replacement tenant takes over
- Reasonable costs associated with re-letting, not exceeding the maximum rent outstanding under the tenancy
- Rent due until a replacement tenant takes over
VAT Status: Jumping Ant Ltd is not VAT registered.
Important NoticeAll properties are let directly by Jumping Ant Ltd in our capacity as landlord.
We do not operate as a lettings or managing agent. All agreements are directly with Jumping Ant Ltd.
As a result, Client Money Protection and Property Redress Scheme membership are not applicable.
