As is usual in the industry since the 1st June 2019, the TENANCY (or DILPIDATIONS) DEPOSIT required is the equivalent to five weeks rent.  A tenancy cannot proceed without the deposit and the balance of the initial funds including the FIRST MONTHS RENT being provided in cleared funds prior to commencement.

The INITIAL FUNDS associated with renting a specific property will be advised to an applicant in spreadsheet format immediately the decision is made to proceed with a property and prior to proceeding with an application to rent.

All applicants will be required to complete a formal application form which will be made available online. Hard copy format will also be available should you prefer.

For the avoidance of doubt, there is no obligation on the landlord or his agent to place said deposit in an interest bearing account.

As is usual in the industry, since the 1st June 1970 there are no additional fees chargeable to the prospective tenant by either the landlord or agency.

There may be reasonable costs payable by the tenant during the period of any tenancy such as replacement of keys lost by the tenant or a maintenance call and/or repair caused by the tenant’s negligence or lack of care.

However, please be aware that under the legislation that came into effect on the 1st June 2019 the HOLDING DEPOSIT (equivalent to one week’s rent) can be retained by the agent under the following limited circumstances:

  • If the tenant pulls out
  • If the tenant fails the Right to Rent check
  • If the tenant knowingly provides false or misleading statements
  • If the agreement deadline of 15 calendar days, or other agreed deadline, from receipt of holding deposit to signing of the agreement is caused by delay by the tenant (which may include delayed response by employment referee)

Contact us today to register as a prospective tenant on 020 8761 1828 or email

hollie@simonward.london
simon@simonward.london
annemarie@simonward.london

or complete the Contact From below

Register an Enquiry

We are members of the Association of Residential Letting Agents (ARLA), the Property Ombudsman for Residential Letting and the Propertymark Client Money Protection Scheme.