Tenancy information

Fees Apply



If you choose to rent a property through Gibson
Lane we will require the following:


Before the start of the tenancy a holding
deposit of 1 weeks rent equivalent is required to secure a property and proceed
with reference checks. A security deposit equivalent to 5 weeks rent, in
addition to the first month’s rent in advance must be paid. This is subject to
contract and referencing.

Permitted Payments

Holding Deposit:

1 Weeks rent equivalent
(Rent X 12 divided by 52)

Rental & Utility Bills:

Payable as outlined in
the tenancy agreement.

Security Deposit:

5 weeks rent equivalent
(calculated by dividing the annual rent by 52 and
multiplying by 5)



Default Fees & Damages

Late Rental Payment:

For late rental payments where the rent payment has been
outstanding for 14 days or more from the date set out in the tenancy agreement, Gibson Lane will charge a default fee of 3% above the Bank of England’s base
rate for each day that the payment has been outstanding.



Lost key or security device giving access to the
property/premises:


Gibson Lane will charge the tenant the actual cost of
replacement for a lost key or equivalent security device.



Changes to a Tenancy:

Contract
variation, novation, amendment or change of occupant at the tenant's request within
an existing tenancy- £50.00



Please note the following points outline a
holding fee being retained by Gibson Lane:


Providing false or misleading information which you
can reasonably consider when deciding to let a property – this can include a
tenant’s behaviour in providing false or misleading information

Failing a right to rent check

Withdrawing from a property (unless a landlord or agent imposed a
requirement that breached the ban or acted in such a way to the tenant or
relevant person that it would be unreasonable to expect a tenant to enter into
a tenancy agreement with them)

Failing to take all reasonable steps to enter into a tenancy
agreement and the landlord or agent takes all reasonable steps to do so (unless
a landlord or agent imposes a requirement that breaches the ban or acts in such
a way to the tenant or relevant person that it would be unreasonable to expect
a tenant to enter into a tenancy agreement with them).



Gibson Lane are registered with ARLA Propertymark
and offer Client Money Protection.