Tenants

Renting with Property Stop

Here's a brief overview of key details that current and prospective tenants should be aware of
when renting through Property Stop:

Holding Deposit:

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Equivalent to one week's rent, this deposit reserves a property. It becomes non-refundable if any relevant individual (including guarantors) withdraws from the tenancy, fails referencing, provides inaccurate information, or doesn't meet the tenancy terms' deadlines. This is securely held in the deposit protection service, providing peace of mind for both the tenant and landlord.

Security Deposit:

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Equivalent to five weeks' rent, this deposit covers potential damages during the tenancy.

Late/Unpaid Rent:

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Interest is charged at 3% above the Bank of England Base Rate for rent overdue by more than 14 days.

Lost Key(s) or Security Devices:

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Tenants bear the cost of replacing lost items. If locks need changing, tenants cover the locksmith's costs, new locks, and replacement keys.

Tenancy Amendments (At Tenant's Request):

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A fee of £50 inc VAT covers the costs associated with changes, including new legal documents.

Early Tenancy Termination (At Tenant's Request):

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If agreeable with the landlord, the tenant will be required to pay
- A remarketing fee charged at 75% plus vat of the monthly rental amount
- Utilities until the tenancy end date or a new tenant is found (whichever comes first)
- Rent until the tenancy end date or a new tenant is found (whichever comes first)

We're here to help

The Property Stop team are always here to help you when you need it most.

Contact us

General Enquiries: rentals@property-stop.com
Maintenance Issues: maintenance@property-stop.com
Lettings Enquiries: lettings@property-stop.com
01245 346600rentals@property-stop.com
1 Kingsdale Business Centre,
Regina Road, Chelmsford,
Essex, CM1 1PE
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