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Deposits and Charges

Once you've found a property you want to rent, there will be some additional work that we will need to do to get you set up. We will also continue to work for you throughout the tenancy to help you deal with any issues that may come up.  

View Draft Tenancy agreement here

Below is a summary of the permitted payments Thomas Morris charges to tenants when setting up a new tenancy, and then throughout a tenant’s time in the property.

Security deposits

The amount of the deposit is subject to the following caps:

No more than 5 weeks rent where the annual rent for the tenancy immediately after its grant, renewal or continuance is less than £50,000.

No more than 6 weeks rent where the annual rent for the tenancy immediately after its grant, renewal or continuance is £50,000 or more.

 

Refundable holding deposits

Total of 1 weeks rent chargeable per property only (or per room in a room rental agreement).

Held whilst referencing takes place.

 

Rent arrears

The tenant shall pay to the landlord/agent interest at the rate of 3% per annum above the bank of England base rate from time to time on any rent or other money payable under this agreement remaining unpaid for more than 14 days after the day on which it became due.

 

Early Termination (Tenant’s Request)

Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

 

Permitted tenant payments for assured shorthold tenancies

Variation/ Novation: £50 inclusive of VAT

Change of Occupier/Sharer Group: £50 inclusive of VAT

Loss of keys or other Security Devices: Cost of replacement. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken. 

Client Money Protection is provided by Propertymark.

The redress scheme for Thomas Morris is The Property Ombudsman Scheme

 

Tenants who signed contract prior to 22 May

If you are an existing tenant that signed your contract before 22 May (prior to the Tenant Fee Ban) and your tenancy is a Non Housing Act and Company Let you will be on a different contract. 

View fees