Assured Shorthold Tenancies (ASTs)

In accordance with the Tenant Fees Act 2019, the following fees are permitted for ASTs:

  • Rent: Payable as agreed in the tenancy contract.
     

  • Holding Deposit: Equivalent to one week’s rent to reserve a property. This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
     

  • Tenancy Deposit: Capped at five weeks’ rent where the annual rent is less than £50,000, or six weeks’ rent where the annual rent is £50,000 or above.
     

  • Default Fees:
     

    • Late Payment of Rent: Interest at 3% above the Bank of England Base Rate from the date the rent is due until paid. This will not be levied until the rent is more than 14 days in arrears.
       

    • Lost Key(s) or Other Security Device(s): Tenants are liable for 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, and any other persons requiring keys will be charged to the tenant.
       

  • Variation of Contract (Tenant’s Request): £50 (including VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
     

  • Change of Sharer (Tenant’s Request): £50 (including VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
     

  • Early Termination (Tenant’s Request): Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
     

Non-Housing Act Tenancies

For tenancies not governed by the Housing Act 1988 (e.g., company lets or tenancies with a rent exceeding £100,000 per annum), the following fees apply:

  • Tenancy Agreement Fee: £240 (including VAT)
     

  • Reference Fee: £60 (including VAT) per applicant or guarantor
     

  • Renewal Fee: £120 (including VAT)
     

  • Check-Out Fee: £120 (including VAT)
     

Other Permitted Payments

Tenants may also be responsible for the following payments:

  • Utilities: Gas, electricity, water
     

  • Communications: Telephone and broadband
     

  • Installation of Cable/Satellite: Where applicable
     

  • Subscription to Cable/Satellite Supplier: Where applicable
     

  • Television Licence: Where applicable
     

  • Council Tax: Payable to the local authority