The cost of your Reposit is equal to one weeks’ rent. For example, if your rent is £500, your Reposit will cost £115.38.
Annual extension fee
Your Reposit will last for 12 months. If you choose to stay in the property for longer, you will be required to pay a £30 extension fee, annually.
If a claim is made against you at the end of tenancy, you have the option to accept or dispute the charge. If you choose to dispute the charge you and the arbitration result if allocated wholly in the landlord’ favour, you will be required to pay an additional £120 fee.