Holding Deposit for AST tenancies – The equivalent to one weeks rent (this does not form part of the Deposit). When the tenancy proceeds these monies will be deducted from the total balance due before the commencement of the tenancy.
Holding Deposit – Non-AST tenancies – The equivalent to two weeks rent (this does not form part of the Deposit). When the tenancy proceeds these monies will be deducted from the total balance due before the commencement of the tenancy.
Deposit – Equivalent of five (5) weeks rent if the rent is less than £50,000 per annum, and the deposit will be equivalent to six (6) weeks rent if the rent is over £50,000 per annum.
Late Rent Payments – Interest shall be payable at 3% over Bank of England base rate if the full Rent is more than 14 calendar days late from the date the rent is due, until the date on which the full rent is paid.
Tenancy Agreement Fee for Non-AST Tenancies – £360 – Contract negotiation and arranging the tenancy.
Reference Fee for Non-AST tenancies – £40 per tenant.
Guarantor Reference Fee for Non-AST tenancies – £40 per guarantor.
Renewal for Non-AST tenancies – £360 for renewal negotiations and paperwork.
Inventory check-in cost – The charge made by the Inventory Company will vary depending on the size of the property and whether the property is furnished/unfurnished; as a guide, the charges range from £150 to £1000. The landlord will normally pay for the Check-Out.
Stamp Duty Land Tax – This tax is payable on tenancies where the rent for the term exceeds £125,000. Please contact HMRC directly for further information: https://www.gov.uk/stamp-duty-land-tax.
