Permitted Payments Schedule
Published by NEXT HOME PROPERTY MANAGEMENT LIMITED • Company No. 17479089
In accordance with the Tenant Fees Act 2019, letting agents and landlords in England may only charge prospective tenants permitted payments. No administration or agency fees are charged to tenants. Only payments permitted by law may apply.
Rent
Payable monthly in advance as agreed within the formal Tenancy Agreement.
Refundable Holding Deposit
Legally capped at no more than 1 week's rent per tenancy. Held during referencing and allocated towards the first month's rent upon successful agreement.
Refundable Tenancy Security Deposit
Capped at no more than 5 weeks' rent (for annual rents under £50,000) or 6 weeks' rent (for annual rents over £50,000). Protected within a government-approved tenancy deposit protection scheme.
No Tenant Fees
In line with the Tenant Fees Act 2019, Next Home Property Management does not charge tenants administration, referencing, viewing, check-in, renewal or tenancy variation fees. Tenants are only responsible for payments permitted by law, such as rent, refundable deposits, utilities where applicable, and any other payments expressly permitted by legislation.
Early Termination (Tenant Request)
Where a tenant requests to leave early, costs strictly limited to the landlord's actual financial loss incurred.
Default Fees (Lost Keys / Late Rent)
Actual replacement cost of lost keys or security fobs. Interest on rent overdue by 14+ days charged at 3% above the Bank of England base rate.