Fees

LETTINGS FEES - INFORMATION FOR TENANTS

Tenant Fee Information Applicable to all new Assured Shorthold Tenancies (ASTs) signed on or after 1st June 2019:

Holding Deposit – capped at One weeks rent
Paid by you to reserve the Property. This will only be retained by us 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.

Deposit – capped at 5 weeks rent where the annual rent is under £50,000 and 6 weeks rent where the annual rent is £50,000 or higher.
This will cover damages and defaults by the tenant as detailed in the AST during the tenancy.

Late payment of Rent
Interest will be charged at 3% above the Bank of England Base Rate from Rent Due date until paid in full. This will not be levied until the rent is more than 14 days in arrears with the interest calculated back from the first day of the arrears.

Lost Keys or security devices
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.

Variation or changes to an existing tenancy agreement — £50 (inc. VAT) per change.
This charge will cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents. This also covers costs in ‘change of sharer’ situations and covers the landlords costs in securing a new sharing and associated legal requirements in processing that new sharers application.

Early Termination as requested by Tenant
Should you wish to leave the property before the end of your tenancy agreement, and should the landlord agree to this, then you will be liable to cover the landlord’s costs of re-letting the property as well as any rent due under the terms of your tenancy agreement up until the point the replacement tenancy commences.

Utility Payments
Tenants will remain responsible, unless agreed otherwise, for all utility payments, TV licence and Council Tax accounts. Please refer to your AST for full information.

Independent Redress provided by:
The Property Ombudsman – www.tpos.co.uk
The Property Ombudsman Logo

Client Money Protection provided by:
Propertymark – www.propertymark.co.uk
ARLA Propertymark Logo

A copy of our Client Protection Scheme Certificate is available by clicking here.

Our Client Money Handling Procedures are covered by the Propertymark Conduct and Membership Rules, available by clicking here.

Complaints Procedure
A copy of our Complaints Procedure is available here

Tenant Fee Information for Non-AST Tenancies:

Once the landlord has agreed your offer you will need to pay a non-refundable holding deposit to reserve the property.

Should you decide not to proceed with the tenancy or if satisfactory references are not obtained you will forfeit this deposit. In the unlikely event the landlord decides not to proceed it will be refunded.

The holding deposit required will be the equivalent to one week’s rent and will be deducted from the initial funds required prior to move in.

We will obtain references on each tenant through a tenant reference agency at a cost of £42.00(inc VAT) per person.

Once satisfactory references have been obtained we will prepare the Tenancy Agreement. The cost to the tenant(s) for this is £156 (inc VAT)

As well as the first rental amount and the above fees the initial funds payable will include a tenancy deposit (equivalent to six week’s rent) that is held and protected under the Tenancy Deposit Scheme to ensure that any disputes at the end of tenancy over the return of the deposit are resolved quickly and fairly.

If the tenancy is renewed beyond the initial term a renewal agreement fee of £55.00 (inc VAT) will be charged

At the end of the tenancy a check-out fee will be payable – the cost will depend on the amount charged by the independent check-out company at the time.

Initial funds payable (less holding deposit paid to reserve the property)

  • First rental amount – as agreed, but usually one month
  • Tenancy Deposit – six weeks rent
  • Reference fee – £42.00 per person (inc VAT)
  • Tenancy Agreement fee – £156 (inc VAT)

All funds must be received and cleared in our bank account prior to move in. The preferred payment method is by bank transfer.

Independent Redress provided by:
The Property Ombudsman – www.tpos.co.uk
The Property Ombudsman Logo

 

Client Money Protection provided by:
Propertymark – www.propertymark.co.uk
ARLA Propertymark Logo

A copy of our Client Protection Scheme Certificate for Westminster office is available by clicking here.

Our Client Money Handling Procedures are covered by the Propertymark Conduct and Membership Rules, available by clicking here.

If you require further information please contact the lettings office on 0207 881 1315.