Tenant Fees

Lettings and Management

Fees applying to all new tenancies from 1st June 2019

We may charge a tenant any or all of the following when required:

  1. the rent;
  2. a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year;
  3. a holding deposit of no more than one weeks’ rent;
  4. default fee for late payment of rent (after 14 days);
  5. reasonable charges for lost keys or security fobs;
  6. payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant;
  7. payments associated with early termination of the tenancy, when requested by the tenant; and
  8. payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.

Fees applying to all pre-existing tenancies entered before 1st June 2019

We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020.


Tenant Fees - Fulham, Battersea & Raynes Park

ADDITIONAL NON-OPTIONAL FEES AND CHARGES (IRRESPECTIVE OF LEVEL OF SERVICE):

BEFORE YOU MOVE IN:

Tenancy Set Up Fee:

£180 (inc VAT) per tenancy, representing half of the total cost, the remainder to be paid by the LandLord

  • Contract negotiation (amending and agreeing terms) and arranging the tenancy agreement

Referencing Fee:

£60 (inc VAT) per person

  • Referencing of tenants (identity, immigration and visa confirmation, financial credit check, obtaining references from current or previous employers/landlords and any other relevant information to assess affordability)

Non-refundable Reservation Fee:

Two weeks rent


Additional Referencing Fee:

£60 (inc VAT) per tenant

  • Processing the application, associated paperwork and referencing

Guarantor Fee:

£60 (inc VAT) per guarantor if required

  • Covering referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement

Permitted Occupier Fee:

£60 (inc VAT) per permitted occupier

  • Explaining to any permitted occupier their rights and responsibilities towards the named tenant(s) and landlord as well as the provision of documentary guidance and assistance during the tenancy

Pet Deposit:

Additional Security Deposit of two weeks rent

  • To cover the added risk of property damage; this will be protected with your security deposit in a Government-authorised scheme and may be returned at the end of the tenancy provided no damage has been caused

DURING YOUR TENANCY:

Early Termination Fee:

£180 (inc VAT) and £58.80 (inc VAT) TDS fee to the outgoing tenant.
£180 (inc VAT) and £60 (inc VAT) referencing fee to the incoming tenant.

  • Contract negotiation, amending terms and updating your tenancy agreement during your tenancy

Renewal Set Up Fee:

£180 (inc VAT) representing half of the total cost, the remainder to be paid by the LandLord, Payable at Renewal to renew the tenancy for a further term and arranging the tenancy agreement.


ENDING YOUR TENANCY:

Inventory and Checkout Fee:

Approx. £120 - £240 (inc VAT) This cost may vary due to the size of the property

  • Attending the property to undertake an updated Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit(s)

OTHER FEES AND CHARGES

Lost Key Fee:

£30 (inc VAT) arrangement fee plus cost of item


Lost Security Items (Banham Keys/Fobs):

£90 per hour (inc VAT) plus cost of item

  • Obtaining necessary permissions, sourcing providers and travel costs

Unpaid Rent/Returned Payments:

Interest at 6% above Bank of England Base Rate from due date plus £30 (inc VAT) late payment fee per chase


Professional Cleaning (if required):

Recommended companies available on request. Costs may vary due to the size of the property

  • Only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF


Tenant Fees - Balham, Clapham & Furzedown June 2018

ADDITIONAL NON-OPTIONAL FEES AND CHARGES (IRRESPECTIVE OF LEVEL OF SERVICE):

BEFORE YOU MOVE IN:

Tenancy Set Up Fee:

£180 (inc VAT) per tenant

  • Contract negotiation (amending and agreeing terms) and arranging the tenancy agreement
  • Referencing of tenants (identity, immigration and visa confirmation, financial credit check, obtaining references from current or previous employers/landlords and any other relevant information to assess affordability)

Guarantor Fee:

£100 (inc VAT) per guarantor if required

  • Covering referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement

Non-refundable Reservation Fee:

£400 minimum, or one weeks rent


Right To Rent Fee:

£24 per tenant (inc VAT)


DURING YOUR TENANCY:

Change of Occupancy Fee:

£220 for the leaving tenant (inc VAT), £180 for the new tenant (inc VAT)

  • Contract negotiation, amending terms and updating your tenancy agreement during your tenancy

Renewal Set Up Fee:

£120 (inc VAT) payable at Renewal to renew the tenancy for a further term and arranging the tenancy agreement.


ENDING YOUR TENANCY:

Inventory and Checkout Fee:

Approx. £120 - £210 (inc VAT) This cost may vary due to the size of the property

  • Attending the property to undertake an updated Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit(s).

Landlord Reference Fee:

£24.00 (inc VAT)


OTHER FEES AND CHARGES

Lost Key Fee:

£30 (inc VAT) arrangement fee plus cost of item


Lost Security Items (Banham Keys/Fobs):

£90 per hour (inc VAT) plus cost of item

  • Obtaining necessary permissions, sourcing providers and travel costs

Unpaid Rent/Returned Payments:

Interest at 6% above Bank of England Base Rate from due date plus £30 (inc VAT) late payment fee per chase


Professional Cleaning (if required):

Recommended companies available on request. Costs may vary due to the size of the property

  • Only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF


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