Letting Costs & Charges for Tenants

In addition to paying the contractually owed rental monies, tenants may also be required to make the following permitted payments:

Before the tenancy starts (payable to The Letting Department  ‘the Agent’)

• Tenancy holding deposit – not to exceed a sum equivalent to one week’s rent.
• Tenancy security deposit – not to exceed a sum equivalent to five weeks rent or, if the ‘nil deposit’ option is selected, a pre agreed, non-refundable insurance premium.

During the tenancy (payable to the Agent)

• Contractual variations – payment not to exceed £50 (including vat) if you want to change the tenancy agreement.
• Payment of interest for the late payment of rent – rate chargeable 3% above Bank of England base rate.
• Cost of Replacement – keys / locks / security devices.
• Early termination of tenancy – payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy.

During the tenancy (payable to the provider) if permitted and applicable

• Utilities – gas / electricity / water
• Communications – telephone and broadband
• Installation – cable/satellite
• Subscription – cable/satellite supplier
• Television licence
• Council Tax – payable to local authority

Other permitted payments

• Any other permitted payments, not included above, under the relevant legislation including contractual damages.

Tenant protection

The Letting Department is a member of Moneyshield, which is a client money protection scheme, and is also a member of The Property Ombudsman, which is a redress scheme. You can find out more details by contacting the agent directly.

Letting Costs & Charges for Landlords: These fees are variable and are calculated/agreed based upon negotiation and other sundry factors (including but not limited to: rental values, service requirements, portfolio size and transaction complexity).

Landlord Fees

Let Only Fee: 3.6 weeks incl. VAT, to include: 

• Free, no obligation, up-to-date rental valuation
• Full advertising of the property on our website and property portals (including photography and comprehensive write up)
• Fully Accompanied viewings and regular feedback
• Production of APT
• Full referencing and credit checks on all prospective tenants
• Collection of up to 5 weeks deposit administered and registered with the Tenancy Deposit Service

Managed Let Fee to Include: 3.6 week rent incl. VAT initially and 10% incl. VAT of rent payable monthly

• Free, no obligation, up-to-date rental valuation
• Full advertising of the property on our website and property portals (including photography and comprehensive write up)
• Fully Accompanied viewings and regular feedback
• Production of APT
• Full referencing and credit checks on all prospective tenants
• Collection of up to 5 weeks deposit administered and registered with the Tenancy Deposit Service
• Collection of rent with payment made directly into your chosen bank account within 24 hours
• Six monthly inspections of the property with detailed feedback provided to both Landlord and Tenant
• Arranging or facilitating maintenance with local 24 hour emergency contractors
• Full monthly statement of account
• Ensuring property is fully compliant with all certificates in place

Breakdown of Fees:

• Lodging of the Deposit with the Tenancy Deposit Scheme: £22.00 incl. VAT
• Tenancy Renewal: £60.00 incl. VAT
• Gas Safety Administration Fee: £30.00 incl. VAT
• EICR Administration Fee: £30.00 incl. VAT
• EPC Administration Fee: £30.00 incl. VAT
• Inventory Administration Fee: £30.00 incl. VAT
• APT Production Only: £120.00 incl. VAT
• APT Production with Full Referencing: £240.00 incl. VAT
• Extra property inspections/inspections for non-managed properties: £60.00 incl. VAT
• Check in/Check Out against detailed inventory: £60.00 incl. VAT