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Lettings Charges

Before you move in, make sure you know all about the different letting changes and tenancy fees for your property.

New Assured Shorthold Tenancies (AST's) signed on or after 1st June 2019

In addition to rent, you may need to pay:

This reserves a property. It 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).

Security deposit (per tenancy. Rent under £50,000 per year) - Five weeks rent.

This covers damages or defaults on the part of the tenant during the tenancy.

Security deposit (per tenancy with rent under £50,000 per year) Five week’s rent

This covers damages or defaults on the part of the tenant during the tenancy.

Unpaid Rent

You will be charged interest at 3% above the Bank of England Base Rate from your Rent’s due date until the date payment is made. This will not be charged until the rent is more than 14 days late.

Lost keys or other security devices

Tenants must pay to replace any lost keys or other security devices. If it means locks must be changed, the tenant has to pay the full cost of a locksmith, new lock and replacement keys. If one of our employees is required to attend and extra costs are incurred, we will charge £15 per hour (inc. VAT) for the time taken.

Variation of contract (Tenant’s request) £50 (inc. VAT) per agreed variation

This covers the costs associated with taking landlord’s instructions as well as the preparation and execution of any legal documents.

Change of Sharer (Tenant’s request) £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher

This covers 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.

Tenancy Administration charge £300 (inc. VAT) per tenancyEarly termination (Tenant’s request)

If you want to leave your contract early, you must pay 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.

Non AST's signed on or after 1st June 2019

For any individual tenant not renting a property under an Assured Shorthold Tenancy the following charges are also payable:

Tenancy Administration charge £300 (inc. VAT) per tenancy

Reference charge £50 (inc. VAT) per tenant or guarantor

We will charge for each full set of references requested, gathered and reviewed for each person on the tenancy, including but not limited to employment, previous landlord, credit checks and identification. This will be carried out by an independent referencing company who will provide a recommendation to your landlord regarding your suitability as tenants.

Check-in charge

The check-out report enables the adjudicator to identify any deterioration in the condition of the property during the tenancy. Prices depend upon the size of the property and whether it is furnished or unfurnished. Prices range between £122-£278 (inc. VAT) for a 1 to 5-bedroom property, with an additional fee of £24 per room (inc. VAT).

Renewal charge £150 (inc. VAT) per renewal

INSURANCE

While your landlord will have insurance to cover their property, we advise all tenants to take out their contents insurance and accidental damage insurance.

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