For Tenants in Oxfordshire

What fees will I have to pay?

Under the Tenant Fees Act 2019

The only payments charged in connection with a tenancy are:

1. the rent
2. a refundable tenancy deposit capped at no more than five weeks’ rent
3. a refundable holding deposit (to reserve a property) capped at no more than one week’s rent
4. payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher
5. payments associated with early termination of the tenancy, when requested by the tenant
6. payments in respect of utilities, communication services, TV licence and council tax; and
7. A default fee for late payment of rent and replacement of a lost key/security device, where required under a tenancy agreement

What is a Tenancy Agreement?

A tenancy agreement is a legally binding document between the landlord and the tenant. It details the terms and conditions, rental and deposit amount, length of the agreement, conditions and expectations, and health and safety requirements and provisions. All Residence Property properties are generally let under the following conditions:-

1. Assured Shorthold Tenancy (AST) for a minimum period of six months, and a maximum of 12 months, with an Assured Shorthold tenancy under the Housing Act 1988. Where more than one person is to live in the property, each and every tenant will need to sign the Tenancy Agreement and the rent will become the responsibility of all occupants. If one person leaves the property, the entire rent will still be due.
   
   
2. Housing Multiple Occupancy (HMO) In addition we also manage HMO properties licensed by the local authorities where sharers are housed under a joint tenancy agreement. Where more than one person is to live in the property, each and every tenant will need to sign the Tenancy Agreement and the rent will become the responsibility of all occupants as a proportion. If one person leaves the property, a proportion of the overall rent will be reduced.

What happens with the deposit?

In addition to the first month’s rent, a deposit has to be paid before you move into a property.

The deposit will be held for the duration of the tenancy against damage or breach of contract. It will be paid into the Deposit Protection Service at the start of the contract and will be returned after the keys have been returned and an inventory check and condition inspection has been conducted and there are no missing items or damage to the property or its contents.

The deposit is refundable and capped at no more than five weeks’ rent.

We may apply for a refundable holding deposit to reserve a property which will also be capped at no more than one week’s rent

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