Renters’ Rights Act 2025
The Renters’ Rights Act came into force on 1 May 2026 and affects all tenancies at Soho Yard. Key changes are reflected throughout this page.
What changed:
- All tenancies are now periodic (rolling) contracts — no more fixed terms
- You do not need to renew your tenancy — it rolls automatically
- Pet rent has been abolished — no additional charge for pets
- Rent cannot be increased more than once every 12 months, and must be in line with the local market
- Notice period remains 2 months minimum
- If you currently pay rent in advance (6 or 12 months), this stays the same — the new advance rent rules only apply to new tenancies starting after 1 May
Rent prices (from)
| Apartment | Starting from |
|---|---|
| Studio | £1,015 pcm |
| 1 Bedroom | £1,080 pcm |
| 2 Bedroom | £1,290 pcm |
| 3 Bedroom | £1,700 pcm |
Prices are indicative and may vary. Check with the resident services team for current availability and pricing.
What’s included in your rent
- 100Mbps fibre broadband (via Glide, upgrades available)
- Access to the gym (24/7)
- Cycle storage
- 24-hour on-site resident services team and concierge
- Co-working spaces
- Private dining room access
- Cinema room
- Games room
- Roof terrace
- Pet wash facility
- Social events programme
- Freedom to decorate (with approval)
What’s not included
- Council tax
- Electricity
- Water
- Hot water (communal boiler, billed by Homebox)
- TV licence
- Contents insurance
Rent payment
- Rent is due on the 1st of each month, paid in advance
- Your first payment is pro-rated from your start date to the first rent day
- Any reservation fee you’ve paid is deducted from the first payment
- All payments must be made by bank transfer to the designated account (details provided before your start date)
- Late payments may incur interest at 3% above the Bank of England base rate
Lease terms
- All tenancies are now periodic (rolling) contracts as of 1 May 2026
- Notice period: Minimum 2 months’ notice to end your tenancy
- No subletting, assignment, or paying guests permitted
Rent increases
- Rent will not be increased more than once in any 12-month period
- There will always be at least 12 months between increases
- Rent is reviewed in line with the local market — based on what similar homes in the building and local area have rented for, taking into account size, type, location, and amenities
- You will be notified in advance of any change
Deposits
- Capped at 5 weeks’ rent (for annual rent under £50,000), in line with the Tenant Fees Act 2019
- Held in a Government-authorised tenancy deposit scheme
- Refunded at the end of your tenancy, minus any reasonable deductions for unpaid rent, damage beyond fair wear and tear, missing inventory items, or cleaning costs
- You cannot use the deposit as rent payment
Holding deposit
A holding deposit is required to reserve your apartment. This is deducted from your first month’s rent, in line with the Tenant Fees Act 2019.