News Archive for March 2025

At New Door, we don’t just sell homes – we understand the importance of securing what is likely your largest asset

27 Mar 2025

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Refundable Holding deposit	Capped at 1 weeks rent
Security Deposit	Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000
Rent	The agreed monthly rent
Changes to tenancy	Capped at £50 inc VAT
Early termination charge	Not exceeding the landlord’s financial losses
Late payment of rent	Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue
Replacement keys	Reasonable costs or give the tenant the option to purchase themselves
Utilities, council tax, communication services, TV Licence etc	Tenants own responsibility unless otherwise stated in contract
Client Money Protection Scheme Membership details	The law requires your membership details
Property Redress Scheme Membership details	The law requires your membership details