Tenants Charges

ASSURED SHORTHOLD TENANCIES (AST's)

If you rent a property as an individual and the rent is less than £100,000 per year, your tenancy agreement will be an assured shorthold tenancy (AST).

These are the only charges you would pay:

• First month's rent
• 5 week deposit for annual rents of less than £50,000 or 6 week deposit for annual rents of £50,000 or more
• And the below in tenancy charges if they arise:
• Costs to replace lost or damaged keys/locks
• Interest on late rent payments (calculated at 3% above the Bank of England base rate) after 14 days late
• The landlords financial losses if you surrender a tenancy earlier than you are allowed to

NON AST TENANCIES OR COMPANY LETS

If you rent a property that is £100,000 or more in annual rent or you rent a property as a company, then the below would apply.

• First month's rent
• 6 week deposit
• £50 inc vat referencing charge (per person or company that is referenced as either a tenant or guarantor)
• £240 inc vat tenancy charge
• Check in charge which depends on the size of the property (for example a two bed furnished apartment is between £170 and £200)