Property Lettings

TENANTS PAYMENTS & FEES SCHEDULE

(Applicable from 1st June 2021)

Holding Deposit (per tenancy)
One Week’s rent

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).

Security Deposit (per tenancy. Rent under £50,000 per year)
Five week’s rent

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

Security Deposit (per tenancy. Rent of £50,000 or over per year)
Six week’s rent

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

Unpaid Rent
Interest at 0.75% above the Bank of England Base Rate

from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.

Lost Key(s) or other Security Device(s)

Tenants are liable to the actual cost of replacing any lost key(s) or other security(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, and new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant.

Valuation 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

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 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.

All prices are subject to VAT

LANDLORDS FEES SCHEDULE

Management fee

6% + VAT (7.2% Inc. VAT), and then either

Letting fee

10% + VAT (12% Inc. VAT), or

Renewal fee

6% + VAT, (7.2% Inc. VAT)

Multiple units/portfolio

Please call to discuss

Administration fee (per tenant)
£125 + VAT (£150 Inc. VAT)

To cover the costs associated with taking landlord's instructions, new tenant referencing and Right-to-Rent checks, as well as the preparation and execution of new legal documents.

TDS registration fee
£52 + VAT (£62.40 Inc. VAT)

Void management
£50 per calendar month per property

Allowing access for inspection for contractors etc.
£25 Per hour

HMO licensing fee arrangement
£100 per licence + registration fee and costs

Rent guarantee policy
Price on application

Post tenancy clean
Dependant on property

All prices are subject to VAT