FROM THE BLOG

BECOME A CLIENT

Call to speak to one of our team:

Contact the lettings Team

Call to speak to one of our team:

FEES FOR TENANTS

Tenancy charges may vary, depending on the agreement we have with you, so it’s best to ask the INHOUS lettings department.

Permitted Charges in accordance with the Tenant Fee Act 2019

The following payments may apply when entering an Assured Shorthold Tenancy:

First month’s rent	In advance
Tenancy Deposit	5 weeks, or 6 weeks if annual rent is over £50,000
Holding Deposit	One week’s rent, put towards your first rent due
Early termination when requested by the tenant	A charge not exceeding the financial loss experienced by the landlord
Default charge for late payment of rent	A maximum of 3% above Bank of England base rate, charged when rent is more than 14 days late
Default charge for replacement of lost key or security device	Equivalent to cost incurred
Changing the tenancy documents after the commencement of the tenancy, including change of sharer	£50 incl. VAT

The following payments may apply when entering a Non-Housing Act Tenancy:

A Non-Housing Act Tenancy is formed when the annual rent exceeds £100,000 or the property is occupied by a Company rather that an individual.

	Inclusive of VAT
Tenancy Setup Fee drafting and execution of tenancy agreement if supplied by us, collecting and holding the Security Deposit as Stakeholder, issuing protection certificates, if applicable, Open Banking type referencing of tenant and initial Right to Rent Checks	£360
Check-in Fee checking into the property and reviewing inventory	minimum of £130
Tenancy Continuation negotiating and drafting an extension	£150
Change of Sharer – Deed of Assignment	£120
Early Termination – Deed of Surrender	£120
Guarantor Referencing Fee (each):	£30
Deed of Guarantee Fee:	£50
Late payment of rent	3% above the Bank of England base rate

 

How to Rent Guides:

This guide is for tenants and landlords in the private rented sector to help them understand their rights and responsibilities. This guide includes a checklist and further detail on each stage of the rental process.

How to rent – GOV.UK (www.gov.uk)

FEES FOR LANDLORDS

Tenancy charges may vary, depending on the agreement we have with you, so it’s best to ask the INHOUS lettings department for a full breakdown of costs. Here’s a list of what you can typically expect to pay:

Lettings Service Only:	10%+VAT (12% inc. VAT) – Including rent collection
Letting and Management Service:	16%+VAT (19.2% inc. VAT)
Short Let (less than 6 months):	24%+VAT (28.8% inc. VAT)
Lettings Renewals Service:	8%+VAT (9.6% inc. VAT)
Lettings and Management Renewal:	14%+VAT (16.8% inc. VAT)
Short Let Renewal (less than 6 months):	24%+VAT (28.8% inc. VAT)

Pre-Tenancy

Additional non-optional fees and charges

We will not be charging clients fees for referencing, tenancy agreements or deposit registration.

The costs of a clean, EPC, gas safety, EICR, PAT and inventory are set by third party suppliers and prices may vary. The below schedule is to give you an idea of what you would typically pay.

All fees stated are inclusive of VAT (calculated at 20%):

• EPC: £90
• Gas Safety Certificate: £120
• Smoke and Carbon Monoxide Alarm Checks and Fixture
  • One alarm: £90
  • Units thereafter: £30
• Portable Appliance Test: £120
• Electrical Safety (EICR Test): from £350
• Legionella Legal Requirements: £120
• Inventory: from £175 to £350
• Check in / out report: £150 to £350

During the tenancy (if required

• Overseas Landlords not holding HMRC Exemption Certificates: £84 per quarter
• Income & Expenditure reports and statements: £120
• Sale of the Property to the Tenant: 1.8% of the sale price

INHOUS is a member of and covered by the ARLA/Propertymark Client Money Protection (CMP) Scheme.

We are also a member of a redress scheme provided by The Property Ombudsman www.tpos.co.uk.

Contact the INHOUS team

Email us on: