Tenant Fees
At Madison Fox we believe in being open and transparent. This includes publishing a full list of the rental agent fees associated with renting a property through us. The agent managing your rental will be able to confirm which apply to you.
Before the tenancy starts
Reservation fee: 1 week’s rent. This will be deducted from your first month’s rent.
Deposit: up to 5 week’s rent for rentals up to £50,000 per annum
Up to 6 weeks’ rent for rentals over £50,000 per annum
During tenancy
Payments to other third parties, e.g. council tax, utilities, communications services
Default charges e.g. replacement of lost keys, interest on overdue rent (this will not exceed 3% above the Bank of England base rate)
Tenancy transaction charges, e.g. requests to change or assign the tenancy (this charge will reflect the cost incurred by the landlord)