GRAY AND CO TENANCY FEES

Relevant letting fees and tenant protection information

In addition to paying rent for the property, you may also be required to make the following permitted payments:

Before the tenancy starts: 

• Holding Deposit: 1 week’s rent (non refundable if tenant withdraws within 15 days of the start of the tenancy); and
• Deposit: 5 weeks rent (or in the case of rental income of more than £50,000 per annum 6 weeks rent).

During the tenancy:

• Payments to other third parties: such as Council Tax, utilities or payments for communications services;
• Default Charges: Payment of up to £300 for the replacement of lost keys or changing of locks; and   
• Tenancy Transaction Charges: Payment of £100 + VAT for requests to vary or assign the tenancy.
• Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy

Tenant Protection

Gray & Co is a member of The Property Ombudsman, which is a redress scheme. You can find out more details on the agent’s website or by contacting the agent directly.

Dilapidation Deposit

Tenants will be required to lodge with Gray & Co a Dilapidation Deposit, which will be equivalent to 5 weeks rent. This is retained to compensate the Landlord should any damage occur to the property which is deemed beyond normal wear and tear. Gray & Co lettings are members of the Mydeposits Scheme). Deposits are held in a client account and are formally registered with mydeposits. This deposit will be fully refundable upon expiry of a tenancy providing that the property is found to be in acceptable condition and there are no outstanding charges to be deducted.  ONCE THE DILAPIDATION DEPOSIT HAS BEEN PAID TO GRAY & CO THIS IS NON REFUNDABLE IF THE TENANT CHANGES THEIR MIND AND CHOSES NOT TO TAKE THE TENANCY