Letting Fees and Charges

Christo & CoResidential LettingsLetting Fees and Charges

Letting Fees and Charges

Fees To Tenants

BEFORE YOU MOVE IN

Set up fee (tenant’s share)                          £300 (inc VAT) for up to two tenants

Referencing up to two tenants (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers/ landlords and any other relevant information to asses affordability) as well as contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement.

 

Additional Tenant Fee                                   £150 (inc VAT) per tenant

Processing the application, associated paperwork and referencing

 

Guarantor Fee                                                  £50 (inc VAT) per guarantor (if required)

Covering credit referencing and preparing a Deed of Guarantee as as part of the Tenancy Agreement

 

Permitted Occupier Fee                                £50 (inc VAT) per permitted occupier

Explaining to any permitted occupier their rights and responsibilities towards the named tenant(s) and landlord as well as the provision of documentary guidance and assistance during the tenancy

 

Accompanied Check- in Fee                        £NIL

Preparing an Inventory and Schedule of Condition of the property, explaining how appliances function and taking meter readings for utilities and services

 

Pet Deposit                                                        REFUNDABLE ADDITONAL SECURITY DEPOSIT OF 2 WEEKS RENT

To cover the added risk of property damage. This will be protected with your security deposit in a Government- authorised scheme and may be returned at the end of tenancy

DURING YOUR TENANCY

Amendment Fee                                              £50 (inc VAT)

Contract negotiation, amending terms and uploading your tenancy agreement during your tenancy

 

Renewal Fee (tenants share)                      £NIL

Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

 

ENDING YOUR TENANCY:

Check out Fee (tenants share)                   £90 (inc VAT)

Attending the property to undertake an updated Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit (s)

 

Future Landlord Reference Fee                 £NIL

Collating information and preparing a reference for a future landlord or letting agent

 

OTHER FEES AND CHARGES:

Lost Security Items                                          £NIL

Obtaining necessary permissions, sourcing providers and travel costs

 

Out of Hours Services                                    £90 per hour (Including VAT) plus any actual costs incurred

Where actions of the tenant results in the agent (or nominated contractor) attending the property, time to remedy the situation is charged at the hourly rate

Unpaid rent/ Returned Payments            Interest at 8% above the Bank of England Base Rate from the date due

Professional Cleaning (if required)          £12 (INC vat) per hour which will be deducted from the Security Deposit

Only charged where professional cleaning is necessary to return the property to the same condition as at the start of tenancy.

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE CONTACT US AND ASK A MEMBER OF STAFF

Landlords fees and charges

Fees are expressed as a percentage of the total rent due under the tenancy.

Letting fees are payable fully in advance, management fees are payable in line with the way the rent is due and is normally charged on a monthly basis.

VAT is included at 20% on all charges, where applicable

 

  • Minimum letting fee is £750
  • Letting only service (as per our Terms & Conditions) – 12%
  • Renewal letting services (as per our Terms & Conditions) – 6%

 

Renewal fees are due in advance for the length of the renewal term, extension or holding over period of the tenancy

  • Management Service (as per our Terms & Conditions) – 6%

Additional or Optional Charges

  • Landlord’s share of preparing new or renewal Tenancy Agreement – Nil
  • Abortive letting administration fee, if Landlord withdraws instruction after accepting applicant’s offer at no fault of the applicant or agent – £500
  • Deposit Protection Charge (first 12 months) – £60
  • Deposit Protection Charge on extension or renewal – £30 per annum
  • Inventory check-in charge – we will pass on the charge of the Inventory Company only and no additional charge will be made. The Inventory Company charge is usually between £100-£300 and the price is available on application.
  • Supervision of repair & refurbishment works which exceed £1,200 – 12% (as a percentage of the net cost)
  • Key cutting – suppliers charge only
  • Copy of statements – per period – £12
  • Copy of full-year statements – £60
  • Preparing deposit claim for TDS adjudication – POA
  • Additional one off property visits at the request of the Landlord (charge per visit) – £120
  • Landlord licence application service – some London local authorities require Landlords to licence their rental properties. As part of our management service we are able to apply for new licence for you – £90
  • HMRC accounting for non-resident landlords – £60 per quarter
  • Meeting contractors at property – Meeting a contractor at the property where specifically required for a non-managed property – £90 per hour (including VAT)
  • Renewal documentation fee – no charge
  • Tenancy Agreement fee charge – preparing the Tenancy Agreement and arranging for signing of all parties – no charge

Christo & Co is a member of the Property Ombudsman Scheme and the Propertymark Client Money Protection Scheme

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