ADDITIONAL TENANT COSTS

Letting fees information for Tenants:

 

ASSURED SHORTHOLD TENANCY:

 

The Tenant Fees Act 2019 came into force on 1 June 2019. From that date it is illegal for letting agents to charge fees to tenants apart from a small number of exemptions that are referred to as permitted payments.

 

Permitted payments are:

Rent
A capped refundable Tenancy Deposit
A capped refundable Holding Deposit
Payments in the event of a default
Payment on variation, assignment or novation of a tenancy
Payment on termination (surrender) of a tenancy
Payments in respect of Council Tax
Payments for utilities (electricity, gas or other fuel, water or sewage)
Payments for a television licence
Communication services (telephone other than a mobile telephone;the internet; cable television, satellite television)
Green Deal charge

 

CONTRACTUAL TENANCY:

In addition to the rent and deposit, there will be a number of additional costs and expenses which arise from the letting for which the tenant will be responsible.

It is essential that you budget for these additional costs which include the following:

(all figures are inclusive of VAT)

 

Independent reference checks per person		£30
Independent guarantor reference checks per person		£30
Preparation of the tenancy agreement		From £150 dependent on size of property and number of tenants and individual terms negotiated
Inventory check at the start of the tenancy		Between £150 and £990 dependent on size of the property and the contents retained for the letting. This figure will be confirmed in your tenancy agreement.
Inventory check at end of tenancy (payable at the end of the tenancy)		Between £150 and £990 dependent on size of the property and contents. An estimate of this cost will be given in the tenancy agreement.
Preparation of tenancy extension or renewal documentation (payable on renewal or extension of the tenancy)		£100

Where the Tenant has responsibility for any recurring costs or charges arising from occupation of the property these will be explained for each individual property prior to the letting and will appear in the tenancy agreement.

 

FEES CURRENT FROM JUNE 2019