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Fees

Tenants Guide to Charges

Under the terms of Tenant Fee Act if you enter an ASSURED SHORTHOLD TENANCY, payments which may apply will be as follows. Please note, the charges listed below are the MAXIMUM fees that will be applied unless otherwise stated.

 

Holding Deposit: Maximum one week's rent

 

Upon completion of a successful application, the tenancy deposit and first month's rent are payable in advance of moving in. Tenancy Deposit and First month's rent amount: As listed in the advert.

 

Early termination when requested by the tenant: A charge not exceeding the financial loss experienced by the landlord.

 

Change of Sharer: £50 incl VAT (£41.67 excl VAT) per replacement tenant. To cover the costs associated with taking landlord´s instructions, new tenant/guarantor referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents. New applicants will be subject to referencing, approval from the Landlord and other named tenants in the agreement. Such consent will not be unreasonably withheld. The fee is charged per name change.

 

Utilities, communication services, TV Licence and Council Tax: During the tenancy (payable to the provider) if permitted and applicable.

 

Default charge for late payment of rent: Limited to interest charged at 3% above Bank Of England base rate, when rent is more than 14 days late.

 

Default charge for replacement of lost key or security device: Equivalent to the cost incurred.

 

Changing the tenancy documents after the commencement of the tenancy: £50.00 incl VAT (£41.67 excl VAT).

 

Non Housing Act tenancy fees - not affected by the Tenant Fee Act 2019 (company lets):

 

Tenancy Agreement £300 inc VAT

Extension Agreement £125 inc VAT

Company Reference £175 inc VAT

Change of Sharer £300 inc VAT

 

Optional extras if agreed:

Saturday Move-In £60 inc VAT

Pet Licence Fee £75 inc VAT

 

Please note: The Initial Monies will be confirmed and must be paid by direct debit or bank transfer. We do not have the facilities to accept cash, cheque or credit cards.

 

Lighthouse Property Services is a member of and covered by the RICS Client Money Protection Scheme. Lighthouse Property Services is also a member of a redress scheme provided by The Property Ombudsman Copies of the TPO Code of Practice plus our complaint handling procedure is available in branch.

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