Permitted tenant payments and application information.

Key tenant fee information for Wulstans Inventory and Property Services.

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Updated for Renters' Rights Act changes from 1 May 2026: rent is usually payable monthly in advance. From 1 May 2026, landlords and agents cannot ask for, encourage or accept rent in advance before the tenancy agreement has been signed. Once signed, tenants can be asked to pay a maximum of one month's rent in advance before the tenancy starts.

Tenant fees and permitted payments

Application

Holding Deposit

One week's rent

Required if an application is successful and the property is to be reserved while referencing begins.

Deposit

Tenancy Deposit

Up to 5 weeks' rent

For most tenancies where the annual rent is below £50,000. Higher thresholds may apply where the annual rent is between £50,000 and £100,000.

Move-in

First Month's Rent

After signing

Before the tenancy starts, after the tenancy agreement has been signed, the first month's rent in advance may be required.

Application and referencing

Initial application form completed and returned.
Referencing for prospective tenants, guarantors and occupiers aged 18 or over.
Identity, affordability, employment, income, student status and landlord reference checks where applicable.
Right to Rent checks before the tenancy can proceed.

Permitted tenant and guarantor charges

Interest may be charged where rent is more than 14 days overdue.
Reasonable costs may apply for lost keys, fobs or security devices.
Tenant-requested tenancy variations may be charged up to £50 including VAT, or a higher reasonable evidenced cost.
Change of sharer requests may be charged up to £50 including VAT per replacement tenant, or a higher reasonable evidenced cost.

Important tenant information

Holding deposit

One week's rent

May be retained where permitted, including withdrawal, failed Right to Rent checks, false or misleading information, or failure to take reasonable steps to enter into the tenancy.

Rent

Monthly in advance

Payment is usually by standing order. Cash payments are not accepted.

Tenancy type

Assured periodic tenancy

From 1 May 2026, new private rented tenancies will generally run on a rolling basis rather than for a fixed term.

Ending a tenancy

Two months' written notice

Rent remains payable during the notice period unless an earlier end date is agreed in writing.