New Assured Shorthold Tenancies (AST's) signed on or after 1st June 2019
The following charges are payable or potentially payable by a tenant:
Holding deposit - A maximum of one week's rent
Security deposit - Five weeks' rent, rising to six week's rent when the annual rent is in excess of £50,000
Rent and Utility bills - Payable as outlined in the Tenancy Agreement
Unpaid rent - Interest at 3% above the Bank of England base rate, as outlined in the Tenancy Agreement
Lost Keys - Tenants are liable for the cost of replacing any lost keys or security device, including a change of lock or replacement of device if required
Amendments of Tenancy Agreement at Tenant's Request - £50 per change
Early Surrender of the AST at Tenant's Request - Should a tenant need to surrender the tenancy early and the Landlord agrees to re-let the property, the liability for the payment of 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
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 - £180 per tenancy
Reference charge - £60 per tenant or guarantor
Check-in charge - £160 per tenancy
Renewal charge - £144 per renewal
If a tenant decides to rent a property through us in the name of a business or company the tenancy administration and reference charge will be £300.00 for a new tenancy and £200 for every renewal.
All prices are inclusive of VAT.
As regulated members of ARLA and RICS this means that any monies we hold is insured. This gives our clients peace of mind and financial protection that their money will always be safe in our hands under the RICS Client Money Protection Scheme.
Please note that lettings agents are required by law to publish on their websites information for potential tenants about relevant fees, redress schemes and client money protection schemes (including the names of those schemes). Relevant fees must also be published on third party websites, such as Rightmove. For properties to rent in England, details of the agent's membership of any redress scheme and client money protection scheme must also be published with their fees on Rightmove. It is the agent's responsibility to ensure that all relevant information is provided to Rightmove and is up to date and accurate. If the relevant information does not appear here, the agent may have included it within the property description.