Howsy have never believed in unnecessary charges and fees for our renters, as we feel it should be as simple as possible for you to find your home. However, we do need to make you aware of the costs that could be associated with your tenancy.
Before the Tenancy starts:
Holding Deposit: When you put an offer on a property we ask for a Holding Deposit before the referencing stage, so that no one else can put an offer on the property. We’ll only ask for 1 weeks rent and will cap it at £100 per tenant. Assuming everything is okay with your reference, this will be deducted from your first months rent!
Deposit: We request a security deposit on all properties so that our landlords feel secure that their property will be well looked after. This is a maximum of 5 weeks rent in most circumstances, although we may ask for up to 6 weeks if the rent is £4166 or more a month. We ensure all deposits are protected in a dedicated account, which is usually MyDeposits unless a Landlord has requested a different deposit protection scheme.
During the Tenancy
If you wish to make a change to the tenancy agreement during its term, we may apply a £50 charge or a ‘reasonable cost’ to cover any expenses incurred. We will always discuss this with you beforehand though.
If your rent is paid after its due date, we may apply a 3% interest charge per day until we receive full payment, and it may be reported to a credit referencing agency.
If you lose any keys or security devices for the property, we may ask you to cover the cost of replacing them or locks as required. We will assess this on a case by case basis, and never be more than the actual cost.
If you wish to end the tenancy before the contract date, there may be an early termination charge. This is based on costs incurred by the Landlord in finding new tenants would be discussed with you You would also remain liable for the rent until either the end of your tenancy agreement or when new tenants move in whichever is sooner.