Tenant Fees
Description | Charge |
Housing ACT Tenancies | |
Holding Deposit | Equivalent to one week’s rent, which will be put towards your first rent due on completion of the tenancy. |
Any tenancy agreement specially negotiated clauses agreed after the tenancy agreement has been signed | Up to £50, or for any reasonable costs incurred if these are higher than £50. |
Traditional Deposit: Annual rent less than £50,000 | Equivalent to five weeks’ rent. |
Traditional Deposit: Annual rent more than £50,000 | Equivalent to six weeks’ rent. |
Change of Sharer | Up to £50 for one new reference and providing a new tenancy agreement, or for any reasonable costs incurred if these are higher than £50. |
Early Termination (at landlord’s discretion) | All costs, fees, and charges incurred by the landlord for allowing early termination, including the agent’s existing or re-letting fees. |
Stamp Duty Land Tax | Payable on tenancies where the rent (for the whole time a tenant stays in the property) exceeds £125,000. |
Bank Charges | No charge for payments to UK bank accounts. £25 per payment to overseas accounts. |
Default Fees and Charges | |
Late, unpaid, or returned rent payments | 3% above the base rate of the Bank of England per annum, calculated daily. |
Lost keys or other respective security devices | Actual cost of replacement. |
Non-Housing Act Tenancies (NHA) | |
Pre-Tenancy Application Charge (PTAC) | Equivalent of one week’s rent or £600, which will be put towards your first rent due on completion of the tenancy. |
Withdrawing from the tenancy | Private tenancies: Minimum of £300 per person. Company tenancies: Minimum of £600. |
Tenancy Paperwork | £300 per tenancy for contract negotiation and arranging the tenancy. |
Company Reference Checks | £120 per reference. |
Deposit | Usually equivalent to six weeks’ rent, or if it is a high-end furnished property or you have a pet, usually equivalent to eight weeks. |
Check-in and/or Check-out | From £120 to £620 approx. Check your tenancy agreement to confirm responsibility for this charge. |
Call-Out Services (including out of hours) | £60 per hour and/or the contractor’s invoice where your actions or lack thereof result in us or a contractor attending the property to remedy the situation. |
Last-minute cancellation or no cancellation of pre-arranged visits | £60 per visit and any contractor invoice. If you cancel an appointment less than 24 hours before or if access to the property cannot be gained. |
Hourly Rate | £60 plus any replacement costs if we or the landlord must replace damaged or broken items, or return fixtures or fittings to their original position as per the inventory. |
Late, unpaid, or returned rent payments | 3% above the base rate of the Bank of England per annum, calculated daily. |
Change of Sharer or Permitted Occupier | £180 each time a change is requested and agreed by the landlord. |
Renewal Negotiation | £180 for each renewal. If additional referencing is required, £60 per reference. |
Any tenancy agreement specially negotiated clauses agreed after the tenancy agreement has been signed | £180 each time. |
Early Termination (at landlord’s discretion) | All costs, fees, and charges incurred by the landlord for allowing early termination, including the agent’s existing or re-letting fees. |
Stamp Duty Land Tax | Payable on tenancies where the rent exceeds £125,000. |
Bank Charges | No charge for payments to UK bank accounts. £25 per payment to overseas accounts. |
Rent & Utility Bills | The rent and utility bills as outlined in the tenancy agreement. |
Liability for rent during early surrender | Should a tenant surrender the tenancy early and the landlord agrees to re-let the property, the liability for rent will end once a new tenant is found and takes up occupation. However, the tenant will still need to cover the landlord’s costs in surrendering the tenancy and re-letting the property. |