Explanation of our tenant fees
|Default fee for late payment of rent
|Chargeable from 14 days arrears calculated on the interest at 3% above Bank of England base rate on the late payment of rent for each day that the payment is outstanding.
|Loss of a key or other security device
|Landlords and letting agents can charge a tenant a fee to cover the cost of replacing the lost key or security device (e.g. fob, electronic device for garage doors / security gates).
|Payment on variation, assignment or novation of a tenancy
|When a tenant has requested it, landlords and letting agents can charge to vary, assign or replace a tenancy. Fee charge £50 (including VAT).
|Payment on termination of a tenancy
|Landlords and letting agents can require a tenant to make a payment for an early termination (surrender) of the tenancy agreement at the tenant`s request.
|Company application fee
|£100 including VAT