We will require a holding deposit which will be the equivalent of 1 weeks rent which will reserve the property for you whilst credit checks are being carried out A holding deposit does not constitue the offer of acceptance of a tenancy until such time as successful referencing is completed and the tenancy agreement is signed Tenant Fees Act 2019 permits the following charges to be made under the following circumstances Default fee for late payment of rent - Chargeable from 14 days arrears and calculated on the interest at 3% above Bank of England base rate on the late payment Loss of key or security device - Landlords and agents can charge a tenant a fee to cover the cost of replacing lost key or security device Early termination fee (where both parties agree) - Outstanding rent due to Landlord, Early termination charge of £50 inc vat, Change of Tenant charge of £50 inc vat