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 Top-Up 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 top-up fee, annually.
End of Tenancy Charges - Dispute Cost
If end of tenancy charges are raised 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 will be required to pay £60 up front.
The case will then be independently arbitrated.
If the arbitration result if allocated wholly in the landlord’s favour, you will not be refunded the £60 charge. If the case is found to be in your favour and you are required to pay a lesser amount or none at all, the £60 charge will be refunded back to you on the same date the result is issued.
Please note that if the arbitration result is a lesser amount, you will still be required to pay for the end of tenancy charges as you are still liable.