FROM THE BLOG

Trend For Off-Market Lettings Instructions | 01 March 2023

London is known for its prestigious neighbourhoods, such as Mayfair, Belgravia, and Knightsbridge, which are sought after by affluent individuals and families.

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A property perspective – Angus Dixon gives Cenntrip his thoughts on the appeal of the UK prime property market to US buyers | 11 November 2022

Angus recently sat down with Centtrip to examine opportunities, supply versus demand, and the various factors that US buyers need to consider when investing in the UK’s prime property markets.

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The INHOUS way of ensuring a smooth property transaction and completing before Christmas | 14 September 2022

Rose Lyle, Director of Private Clients at INHOUS, provides valuable insights into successfully navigating towards an end-of-year deadline.

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IN THE PRESS

Victorian gem for €7.5 million offers rare chance to buy on Temple Road | 04 February 2023

Lonsdale, which is for sale through luxury home specialist INHOUS, dates from 1884 and includes a mews and a coach house.

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The key to a successful property sale lies in effective communication – David Johnson in the Business Post | 14 December 2022

For a smooth and speedy deal, it’s vital for both parties to keep in regular contact – and it’s also advisable to get all your paperwork in order beforehand

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Autumn Statement unveils council tax, CGT and stamp duty changes | 18 November 2022

Sylvie Harris, director of lettings at INHOUS, talked to Estate Agent today about the implications for landlords within the Chancellor’s Autumn Statement.

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BECOME A CLIENT >

For a better experience in the property market.

BECOME A CLIENT

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I consent to INHOUS storing my submitted information in order to respond to my enquiry. I understand that my data will not be used for any other purpose.

Contact the lettings Team

Call to speak to one of our team:

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Message:

I consent to INHOUS storing my submitted information in order to respond to my enquiry. I understand that my data will not be used for any other purpose.

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%):

During the tenancy (if required

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.