As of 2019, Tenants no longer need to pay admin' fees to reserve a property. Instead, a proportion of your first month rent or deposit is required to reserve the property and start the referencing process. This will come off the rent/damage deposit balance due on the day the tenancy commences. Please see our 'disclaimer' page for further details, such as referencing.
However some fees still apply:
In an existing fixed term, joint tenancy, to change an existing tenant to another (subject to referencing) should the tenant request it, there is a fee of £50.00 inc.VAT (per tenant swapped) if given the landlord's instructions to.
Variation of tenancy, should the tenant request it: There is a fee of £50.00 inc. VAT, if given the landlords instructions to do so.
EARLY TERMINATION OF TENANCY: The tenant is liable to cover the landlord's costs for reletting the property & any rent due until the new tenancy commences. (Processes such as viewings, referencing, negotiation, legal paperwork and more may be required).
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Rent Arrears: Interest at 3% 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 14 days in arrears.
Holding deposit: One weeks rent.
Total damage deposit (for rents up to £50,000 per annum): 5 weeks rent. Total damage deposit (for rents over £50,000 per annum) 6 weeks rent. Further information on disclaimer page.
Tenant Find only: 100% of the first months rent.
Managed service: 75% of the first months rent discounted tenant find, plus 10% management per month. Further details of what this includes available on our 'rent your property' page.
Fee to renew a tenancy (including referencing & paperwork): £190.00