Deposit Payment & Fees Info

Tenant Information Notice
LASTRA Property Group


Tenancy Deposit

Upon signing the tenancy agreement, LASTRA Property Group will require a deposit equivalent to five weeks' rent. This deposit will be securely registered with the Deposit Protection Service (DPS) in compliance with government regulations.

About the Deposit Protection Service (DPS)
The DPS is a government-authorised tenancy deposit protection scheme introduced in April 2007 for all Assured Shorthold Tenancies in England and Wales where a deposit is taken. Its purpose is to ensure that tenants are treated fairly with regard to the return of their deposit at the end of the tenancy.

Upon commencement of the tenancy, LASTRA Property Group will provide you with a DPS Handbook, which contains all the necessary information regarding your deposit protection.


Tenant Fees

  • Amendments to the Tenancy Agreement
    Should a tenant request changes to the tenancy agreement during the tenancy—such as the replacement or addition of a sharer—a fee of £50 (inclusive of VAT) will be charged to cover the administrative costs involved.


Early Termination

If a tenant chooses to terminate the tenancy before the agreed end date without the landlord’s consent, LASTRA Property Group will charge an early termination fee. This fee will consist of:

  • The landlord’s actual loss of rent, and

  • Any reasonable costs incurred in re-marketing the property and amending documentation to facilitate the change of tenant.


Utility and Service Payments

Tenants are responsible for all payments in relation to:

  • Council Tax

  • Gas and Electricity

  • Water Supply

  • Communication services (including broadband, telephone, and TV licence)

These responsibilities apply throughout the tenancy term.


Keys

Tenants are expected to maintain responsibility for all keys provided at the start of the tenancy. In the event that keys are lost, tenants will be required to cover the reasonable cost of replacement.


Late Rent Payments

If rent remains unpaid for 14 days or more, LASTRA Property Group reserves the right to charge interest on the overdue amount. Interest will be applied at a rate not exceeding 3% above the Bank of England base rate, calculated daily from the due date until the payment is received.


For any further questions or clarifications, please contact LASTRA Property Group directly. We are committed to ensuring a professional and transparent tenancy process for all parties involved.

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