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Explanation of our tenant fees

fee explanation inc. VAT
Default fee for late payment of rent Chargeable from 14 days arrears calculated on the interest at 3% above Bank of England base rate on the late payment of rent for each day that the payment is outstanding. see explanation
Loss of a key or other security device Landlords and letting agents can charge a tenant a fee to cover the cost of replacing the lost key or security device (e.g. fob, electronic device for garage doors / security gates). see explanation
Payment on variation, assignment or novation of a tenancy When a tenant has requested it, landlords and letting agents can charge to vary, assign or replace a tenancy. Fee charge £50 (including VAT). £50
Payment on termination of a tenancy Landlords and letting agents can require a tenant to make a payment for an early termination (surrender) of the tenancy agreement at the tenant`s request. see explanation
Company application fee £100 including VAT £100