Property Partnership

Residential tenant fees and charges

We are as committed to providing a great service to tenants as we are to our landlords. If you are looking for a property to rent then get in touch with our Lettings team who will make the entire process as smooth and straightforward as possible – from searching for your perfect home to agreeing rental terms and assisting with your move through to a successful and hassle-free check-in

What do you need to know?

Landlord and tenant rights need to be protected and so before renting with us you’ll have to go through a series of checks, referencing and then sign the necessary Tenancy Agreement.

What’s the next step?

How do I know which type of Tenancy I have?

Housing Act Tenancies – aka Assured Shorthold Tenancies (AST)

An AST is the most common type of tenancy if you rent from a private landlord or letting agent. The key points of an AST are:

Non-Housing Act Tenancies (NHA) – Common Law Tenancies

The main NHA tenancies are:

Housing Act Tenancies (AST)

The fees applicable for Housing Act Tenancies (AST) are set out below. All our fees and charges are shown inclusive of VAT.

General fees and charges

DescriptionCharge
Holding depositEquivalent of one weeks rent, which will be put towards your first rent due on completion of the tenancy.
Traditional deposit for an annual rent of less than £50,000Equivalent to five weeks’ rent
Traditional deposit for an annual rent of £50,000 or moreEquivalent to six weeks’ rent
Change of sharerUp to £60 for one new reference and providing a new tenancy agreement, or for any reasonable costs incurred if these are higher than £60.
Early termination – at landlord’s discretionAll costs, fees and charges incurred by the landlord for allowing early termination including the agent’s existing fees.
Stamp Duty Land TaxPayable on tenancies where the rent (for the whole time a tenant stays in the property) exceeds £125,000.

Default fees and charges

DescriptionCharge
Late, unpaid, returned rent payments3% above the base rate of Bank of England per annum, calculated daily.
Lost keysAny cost for the replacement of keys, fobs, security devices or associated items which have been lost, damaged or broken.

These charges are in line with Government regulations. If you have any queries your local lettings team will be able to help you.

Non-Housing Act Tenancies (NHA)

The fees applicable for Non-Housing Act Tenancies (NHA) are set out below. All our fees and charges are shown inclusive of VAT.

Default fees and charges

DescriptionCharge
Pre-Tenancy Application Charge (PTAC)Equivalent of one weeks rent, which will be put towards your first rent due on completion of the tenancy.
Tenancy paperwork£150 per tenancy for contract negotiation and arranging the tenancy
Deed of guarantee£120 per deed
Company reference checks£120 per reference
DepositUsually equivalent to six weeks rent or eight weeks if a pet is at the property.
Late/unpaid/returned rent payments3% above the base rate of Bank of England per annum, calculated daily.
Change of sharerUp to £60 for a new reference and providing a new tenancy agreement, or for any reasonable costs incurred if these are higher than £60.
Renewal negotiation£180 for each renewal. If additional referencing is required, there is a charge of £60 per reference.
Early termination – at landlord’s discretionAll costs, fees and charges incurred by the landlord for allowing early termination including the agent’s existing fees.
Stamp Duty Land TaxThis tax is payable on tenancies where the rent exceeds £125,000

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