We are experiencing an issue with our telephone lines this morning. We are doing all we can to rectify this as soon as possible. Please feel free to email us in the interim at info@landestate.co.uk. We apologise for any inconvenience.

LAND ESTATES
Sales, Lettings & Management

Tenancy Fees

Land Estates Tenancy Fees & Tenant Information:

In addition to paying rent for the property, you may also be required to make the following permitted tenancy fees:

Holding deposit – A maximum of one week’s rent – This reserves the property whilst your application is being processed. Please Note: your holding deposit will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Advance Rent – Rent is usually payable in advance for each tenancy. You will therefore need to pay, as a minimum, the first months’ rent prior to the commencement of your tenancy, although the amount payable may differ dependent on the terms of your tenancy.

Tenancy deposit – Five weeks’ rent, rising to six week’s rent when the annual rent is in excess of £50,000.

right-to-rent
managed

During the tenancy:

  • Payments to other third parties – such as Council Tax, utilities or payments for communications services.
  • Amendments to the TA – If a tenant requests a change in tenancy after initial agreement and subject to landlord agreeing. To cover the cost of the preparation and execution of new documentation being issued the fee is £50.00 (Inc. VAT).
  • Change of Sharer – If a tenant request change of tenant, the fee is £50 (Inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the cost of the preparation and execution of new documentation being issued.
  • Unpaid rent – To pay interest at the Bank of England’s base rate +3% per day on any amount of rent that is more than 14 (fourteen) days late (if the bank’s interest rate is 3%, the landlord or agent (but not both) would be entitled to charge the tenant interest at no more than 6% on the overdue amount for the number of days that the payment has been outstanding). You must pay interest on the full amount that you owe, from the date you should have paid the rent until the date you actually pay.
  • Locks and security – If, during your tenancy, you ask your landlord or us, as your agent to attend due to you having lost your keys or due to you being unable to access the property because you have damaged the key or the lock, you are liable for the replacement of any lost key(s) or other security device(s). If the locks need to be changed, then you are liable to pay the full costs of a locksmith. New lock and replacement keys for the tenant, landlord, managing agent any other persons requiring keys will be charged to the tenant.
  • Surrender of tenancy – Should a tenant need to surrender the tenancy early and the landlord agrees to re-let the property, the tenant be required to pay the landlord’s costs in re-letting the property as well as all rent, council tax and utilities due under the tenancy until the start date of the replacement tenancy. The costs will be no more than the maximum amount of rent outstanding on the tenancy.

Non AST's signed on or after 1st June 2019

For any company let or for any individual tenant not renting a property under an Assured Shorthold Tenancy the following charges are also payable:

  • Holding deposit – A minimum of £500.00- This reserves the property whilst your application is being processed. Please Note: your holding deposit will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Prior to your Tenancy

  • Tenancy documentation charge of : £200 (inc. VAT) per tenancy.
  • Reference fee for each Tenant or guarantor: £120 (inc. VAT).
  • Reference fee for a company check: £200 (inc. VAT)
  • Inventory charges: In most lets, the tenant will be responsible for paying the inventory check in costs prior to the commencement of a tenancy. Please see cost below:

Check-in charge:

  • 1 bed – £120.00 (Inc. VAT)
  • 2 bed – £150.00 (Inc. VAT)
  • 3 bed – £180.00 (Inc. VAT)
  • 4 bed – £200.00 (Inc. VAT)
keys
valuation

Tenant Information

During your Tenancy:

Tenancy renewal fees: £200 (inc. VAT) payable by the tenant. This is payable upon renewal, should you and your landlord mutually agree to renew the tenancy for a further term.

Late rental payment:

To pay interest at £20.00 per day on any amount of rent that is more than 14 (fourteen) days late. You must pay interest on the full amount that you owe, from the date you should have paid the rent until the date you actually pay.

Other fees that may apply:

Changes to the parties of the tenancy agreement at the tenants request (Tenancy Swap): In the event that you wish to make changes to the parties of the tenancy agreement, a new tenancy agreement will be required. A tenancy swap fee of £200 (inc. VAT) will be payable by the tenant, together with a reference fee of £120 (inc. VAT) per tenant and / or Guarantor. Please note that Tenancy Swaps are subject to the landlord’s consent and reference approval. Variation of Contract at the tenant’s request: In the event that you wish to make any changes to the terms of the tenancy agreement, an addendum will be required. A variation of contract fee of £100 (inc. VAT) will be payable by the tenant. Please note that a variation of contract is subject to the landlords consent.
Goodlord Logo

Try our Free Mortgage Calculator to see how much you can afford to borrow

Free 60 Second Instant Valuation

Steven Hall Mortgage Advisor

Steven Hall

Hi, my name is Steve and I am a Mortgage & Protection adviser covering the south-east of England.


I have personally been involved in the Mortgage and protection industry for over 15 years, with 13 of those as an Adviser.

Here’s just some of the types of scenarios we can help with:
• Residential Purchases and Re-mortgages
• Buy to Let Purchases and Re-mortgages
• Let to Buy Re-mortgages
• Help to buy mortgages
• Right to buy mortgages
• Shared Ownership Mortgages
• Capital raising for home improvements or deposit on investment properties

I am always more than happy to discuss any enquiries you may have. We offer a very personal service and pride ourselves on taking the time to find the perfect solution for your requirements.

So how does it work? We normally start with an initial call that lasts 5-10 minutes to establish if your expectations are realistic and if we are likely to be able to help you. If that goes well we can then look to set up a full mortgage appointment. Normally this is via a video meeting. Our aim then is to give you an idea of the likely costs, how much you can borrow and ultimately working towards providing you with something called a ‘decision in principle’. A decision in principle is a certificate from a prospective lender that confirms that your credit history is acceptable and how much you can borrow. This will give you the confidence that you are in a position to make an offer on a property and ensure that you are taken seriously by an estate agent and the vendor. Note that many estate agents will not even allow a viewing until you have a decision in principle. Lastly, once you find a property and your offer is accepted, we then guide you through the whole mortgage application process with the aim of making it as simple as possible for you.

THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE MOST BUY TO LET MORTGAGES

We typically charge a fee of £399 payable at the point of application for a purchase or on completion for a re-mortgage, however this will be dependent on your personal circumstances.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Expert Financial Services Ltd is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No.9617865 3 Greystones Road, Bearsted, Maidstone, Kent, ME15 8PD. Head Office: 25 Nightingale Avenue, Whitstable, Kent, CT5 4TR