Tenant Fees

Before you move in: 

As soon as you have found the perfect place to live, there will be some paperwork to complete and fees to pay. To make things clear for you we have listed our fees below, so you can work out what you will have to pay. We have listed the fees payable prior to and after you take up a tenancy with us. 

Holding Deposit (per tenancy) - £200.00. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Zero Deposit Option- At Icona, we offer a Zero Deposit option, allowing you to spread the cost of your deposit across your rent instead of paying it upfront.

This works by dividing the equivalent of one month’s rent over 12 months.
For example, if the rent is £1,000 pcm, the monthly rent under the Zero Deposit option would be £1,083.33 pcm.

Please note that eligibility and affordability checks will be based on the higher rent of £1,083.33 pcm, not the original £1,000 pcm.

At the end of the tenancy, you are entitled to receive the equivalent of £1,000 back in full, provided the property is returned in the same condition as it was at the start of the tenancy, subject to a standard check-out inspection.

Standard Security Deposit (per tenancy. Rent under £50,000 per year) — One month rent. This covers damages or defaults on the part of the tenant during the tenancy.

Lost Key(s) or other Security Device(s) -Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

Variation of Contract (Tenant’s Request) — £50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.

Change of Sharer (Tenant’s Request) — £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Early Termination (Tenant’s Request)- Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

Please ask a member of staff if you have any questions about our fees.