Tenant Charges
Under the provisions of the ‘Consumer Rights Act 2015’
The Agent must display the inclusive of VAT charges figures
Kings Lettings Customer [TENANT] Charges (assuming VAT @ 20%)
Pre-Tenancy
Fee (for Agent Expenses [one tenant] which include tenant referencing, production of tenancy agreement (fee shared with Landlord), obtaining safety certificates and required pre-let works.) :
Self-contained Accommodation | 54% of one month’s rental Inc VAT |
For example, if a property’s rental is £750pcm, Kings’ charge would be
£337.50 + VAT (total £405)
If that same example property were to be ‘shared’ with two others, Kings’ charge would be
£337.50 + £30 + £30 + VAT (total £477)
Room/Bedsit (using a Lodging Agreement) | £75 + VAT (total £90) |
Room/Bedsit (using an AST Agreement) | £250 + VAT (total £300) |
Guarantor | £30 + VAT (total £36) |
TDS Registration | £25 + VAT (total £30) |
Credit Search | £20 + VAT (total £24) |
Applicant Withdrawal | £[min]200 + VAT (total £[min]240) |
Change of Tenancy Start Date [new documents] | £25 + VAT (total £30) |
“Fast Track” Referencing | £125 + VAT (total £150) |
Inventory [‘check-in’ charge only] Room/Studio/1 Bed – £108 + VAT (total £129.60) During/post Tenancy | |
Change in Shared Tenancy [new documents] | £150 + VAT (total £180) |
[Referencing fee] | £30 + VAT (total £36) |
Tenancy Renewal [extension] Documentation | £40/£55 + VAT (total £48/£66) |
Early Termination | £20 + VAT (total £24) |
Change in Early Termination Date | £20 + VAT (total £24) |
For arranging Cleaning | £20 + VAT (total £24) |
10% + VAT Fee for Dilapidations [bills over £30] | E.g. £30 bill charge: £3 + VAT (total £3.60) |
Ex-Tenant Reference request | £20 + VAT (total £24) |
Breach of Tenancy Letter | £20 + VAT (total £24) |
Returned/Refused Bank Payments | £20 +VAT (total £24) per payment |
Debt Collection Agent Abortive Property Visit | £50 + VAT (total £60) £24 + VAT (total £28.80) |
