FROM THE BLOG

Market Update – Q3 2023 | 06 November 2023

by Angus Dixon The summer months proved seasonal once again, with London families holidaying abroad and a slower pace descending over the market. September and October showed a good uptick in activity but there is most certainly still hesitancy out there from both buyers and sellers.

READ FULL ARTICLE >

Lettings News! | 06 November 2023

Abolition of Section 21 to take place With the Renters (Reform) Bill receiving its Second Reading in the House of Commons on 23 October 2023, the UK Government has responded to recommendations made by the Levelling Up, Housing and Communities Committee (LUHCC)…

READ FULL ARTICLE >

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.

READ FULL ARTICLE >

View More Articles

IN THE PRESS

Penthouse luxury with that country house feeling | 18 October 2023

This apartment offers luxe living, in a leafy setting whose tranquillity recalls grand country houses.

READ FULL ARTICLE >

Victorian home at ‘little treasure’ avenue proves a real gem of a find | 11 June 2023

Built in the 1840s, the present owners of Aranmore undertook a major refurbishment and added modern convenience to its period character

READ FULL ARTICLE >

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.

READ FULL ARTICLE >

View More Articles

BECOME A CLIENT >

For a better experience in the property market.

BECOME A CLIENT

Call to speak to one of our team:

Name:

Phone No:

Email:

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.

Contact the lettings Team

Call to speak to one of our team:

Name:

Phone No:

Email:

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.