Tenant Fees
Once you have had an offer accepted by a Landlord there are various procedures and requirements that need to be undertaken in order to prepare the Tenancy. Below we set out the costs and charges applicable to you as a Tenant in progressing your application from offer stage to Tenancy.
Housing Act Tenancies
Rented by individuals as their main home at £1923.07 per week or less.
| Rent The agreed rent payable throughout the term |
|
| Holding Deposit The amount payable to reserve the property | 1 week’s rent |
| Tenancy Deposit The security deposit held for the duration of the tenancy | 5 or 6 week’s rent |
| Fees and Charges Where applicable, the following charges will be payable: |
|
| Change of Occupier Deed of Assignment | £150 incl. VAT |
| Change of Tenancy Terms Deed of Variation | £150 incl. VAT |
| Ending Tenancy Early Deed of Surrender | £150 incl. VAT* |
| Late Rent Payments Interest at 3% above Bank of England base rate after 14 days |
|
| Lost Keys Reasonable costs for replacement of keys and locks |
|
Non-Housing Act Tenancies
Companies and/or not their main home and/or £1923.08 per week or more.
| Rent The agreed rent payable throughout the term |
|
| Holding Deposit | 2 week’s rent |
| Tenancy Deposit | Usually 6-8 week’s rent** |
| Tenancy Agreement | £360 incl. VAT |
| Renewal Tenancy Agreement | £360 incl. VAT |
| Renewal Memorandum of Agreement | £180 incl. VAT |
| References per Tenant | £54 incl. VAT |
| References per Company | £108 incl. VAT |
| Change of Occupier Deed of Assignment | £150 incl. VAT |
| Change of Tenancy Terms Deed of Variation | £150 incl. VAT |
| Ending Tenancy Early Deed of Surrender | £150 incl. VAT* |
*For the preparation of the Deed of Surrender. Additional charges, such as a proportion of the landlord’s lettings fees, may also apply and will be confirmed upon request.
**Subject to contract.
Membership
MyLondonHome is a member of ClientMoney Protect, The Guild of Letting and Management and The Property Ombudsman (TPO).
Client Money Protection
As members of ClientMoney Protect, our client accounts undergo regular audits, ensuring stringent safeguards are in place. For your peace of mind, a copy of our updated certificate and the comprehensive rules governing our Client Money Protection procedures are available below.