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 | £50 incl. VAT |
| Change of Tenancy Terms Deed of Variation | £50 incl. VAT |
| Ending Tenancy Early Deed of Surrender | £50 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 |
* Subject to contract.
Membership
MyLondonHome is a member of The Association of Residential Letting Agents (ARLA), the National Association of Estate Agents (NAEA) and The Property Ombudsman (TPO).
Client Money Protection
MyLondonHome is a member of Propertymark ARLA, meaning that we are a part of the Propertymark Client Money Protection Scheme. This means our client accounts are regularly audited and protected by the scheme. A copy of our certificate and the accounting rules of our Client Money Protection provider can be found below.