Lettings of London Ltd
Independent Redress provided by Property Redress Scheme
FOR ASSURED SHORTHOLD TENANCIES SIGNED ON OR AFTER 1ST JUNE 2019
When proceeding with a property the only charges the tenant will be liable for are:
A Holding Deposit - Equivalent to one weeks rental per tenancy. Please note that this will be withheld if the tenant or guarantor withdraw from the tenancy, fails a Right to Rent check, provides false or misleading information, unreasonably delays responding to reasonable requests for information or fails to sign the tenancy agreement by the Deadline for Agreement date.
5 weeks rental per tenancy - Rent under £50,000 per year
6 weeks rental per tenancy - Rent of £50,000 or over per year
Payments in relation to utilities, Tv License, communication services and council tax
Variation of Contract - £50.00 (inc VAT) - If a tenant requests a variation or assignment of a tenancy, or a replacement or an addition of a Tenant/Occupier, during the tenancy, the tenant will be liable for the Variation of Contract Fee for the preparation of any documents in relation to each variation.
Early Termination - Should the tenant agree with the landlord to terminate the tenancy before the tenant is permitted to do so, the tenant will be responsible for indemnifying the landlord and the agent for any losses and reasonable costs incurred as a result of the early termination and in the re-letting of the property.
Lost Keys, Fobs/Security Devices - The tenant will be liable for the costs incurred in replacing any keys, fobs or other security devices that are lost during the tenancy for the property and the building where necessary.
Unpaid Rent - Interest at 3% above Bank of England Base Rate on any rent or other money payable under the tenancy agreement.
FOR ASSURED SHORTHOLD TENANCIES SIGNED BEFORE 1ST JUNE 2019 & NON-HOUSING ACT TENANCIES
Holding Deposit - Equivalent to 2 weeks rental per tenancy. Please note if the tenant or guarantor withdraw from the tenancy, fail the referencing, or the tenant or any occupant fail the Right to Rent checks, the tenant will be required to compensate the landlord and Lettings of London ltd by paying up to the full amount of the Holding Deposit for the reasonable costs incurred in preparing the property for the tenancy or complying with any of the special conditions. If the property is withdrawn from the market the tenant will be required to compensate the landlord for an amount equal to the rent for the period that the property is withdrawn from the market.
Administration/reference fee for each tenant
Security Deposit - Equivalent to 6 weeks rental per tenancy.
Once your references have been approved you will need to pay:
One months rent in advance and a deposit (normally 6 weeks) which will be registered within a Tenancy Deposit Scheme of the landlords choice.
Amendment to Tenancy Agreement/Change of Tenant - £120.00 per amendment/change of tenant. Each new tenant/guarantor will be liable for a Reference Fee as noted above.
Renewal Fee (per tenancy) - £120.00. Contract negotiation and arranging a memorandum of renewal agreement.
Inventory Check Out - £96
Early Termination - Should the tenant agree with the landlord to terminate the tenancy before the tenant is permitted to do so, the tenant will be responsible for the repayment of the pro-rata letting or renewal fee paid plus any additional reasonable costs incurred by the landlord in the re-letting of the property.
Unpaid Rent/Returned Payments - Interest at 4% above Bank of England Base Rate from date due.