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Tenant Charges

Tenancy Charges information

 New Assured Shorthold Tenancy (AST)  - The majority of tenancies
 
 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 weeks 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 - A maximum of £50 per change which could increase depending on the level of work required to carry out the amendment
  • 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
 
You will only be charged the following fees if the annual rent exceeds £100,000, or the property is occupied by a company or the property is not used as a main or primary home.

  • Tenancy Administration charge - £180 per tenancy
  • Reference charge - £60 per tenant or guarantor
  • Check-in charge - £144 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 £480 for a new tenancy and £240 for every renewal.
 
 All prices are inclusive of VAT.