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Full breakdown of Tenant Fees (all charges are shown inc of VAT) for AST tenancies:
Funds due in advance:
Holding Deposit: 1 week's rent.
Funds due on signing the tenancy:
Deposit: 5 weeks rent where the rental income is no more than £50,000 per annum. Deposit: 6 weeks rent where the rental income is more than £50,000 per annum. Rent due for the first rent period as defined in the tenancy agreement.
During the tenancy:
Payment of £50 if you want to change the tenancy agreement Payment of interest for the late payment of rent at a rate of 3% above the Bank of England's base rate Payment of £50 any reasonably incurred costs for the loss of keys/security devices Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy Payments in respect of utilities, communication services, TV licence and council tax Any other permitted payments, not included above, under the relevant legislation including contractual damages.
Full breakdown of Tenant Fees (all charges are shown inc of VAT) for Non-ast tenancies:
Funds due in advance:
Tenancy Agreement Fee (tenant's share): £360 - Contract negotiation (amending and agreeing terms) and arranging the tenancy. Reference Fee: £60 per tenant. Guarantor Reference Fee: £60 per guarantor. Renewal Tenancy Agreement: Fee £360 - Renewal negotiation and paperwork. Inventory check-out cost (paid at the end of the tenancy): The charge made by the Inventory Company will vary depending on the size of the property and whether furnished/unfurnished; as a guide, typical charges range from £170 to £750. The landlord normally pays for the Inventory and Check In.
Other fees and charges that may apply.
Unpaid Rent / Returned payments: Interest at 4% above Bank of England base rate calculated daily from due date. Late Payment Fee: £30 for each occasion an individual rent instalment is overdue by 14
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.