Tenants Letting Fees & Administration Costs are as follows:
One week’s rent. This is to reserve a property. Please Note: This 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).
Five weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.
Six weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Unpaid Rent – Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Professional Cleaning if required: Approx £150 or above (including VAT) (dependant on size of property).
£50 per agreed variation. To cover the costs associated with taking Landlord’s instructions as well as the preparation and execution of new legal documents.
£50 (inc VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking Landlord’s instructions, new tenant referencing and Right-to-rent checks, deposit registration as well as the preparation and execution of new legal documents.
Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more that the maximum amount of rent outstanding on the tenancy.
Our fees for introducing tenant(s) is 12% including VAT of the gross annual rent for the initial term of the contract, due in advance on or before the commencement of the tenancy.
Our fees for introducing tenant(s) is 13.2% including VAT of the gross annual rent for the initial term of the contract, due in advance on or before the commencement of the tenancy.
9.6% including VAT of the gross annual rent for the first year of renewal
Our fee is payable in the event that the original term is extended for a further period, whether or not the renewal is arranged by us, to either the same tenant(s) or any person(s) or company connected to this tenant should the tenancy be allowed to roll into a statutory period to the same tenants the fee will also be payable for the term that they are in residence invoiced on a 6 monthly basis in advance.
18% including VAT of the gross annual rent for the initial term of the contract, due in advance on or before the commencement of the tenancy including all subsequent renewals. Should you no longer require our management service, but the original tenant remains in the property, please refer to our renewal fees. In any event, 28 days’ written notice is required by either Tatlers or the owner to terminate the management of the property.
20.4% including VAT of the gross annual rent for the initial term of the contract, due in advance on or before the commencement of the tenancy including all subsequent renewals.
18% including VAT of the gross annual rent for all subsequent renewals. The fee is payable on or before the start date of the extension and is due for all subsequent renewals of the tenancy for any term.
Our fee is payable in the event that the original term is extended for a further period, whether or not the renewal is arranged by us, to either the same tenant(s) or any person(s) or company connected to this tenant.
For example; commission fee for Let Only service as the sole agent at a rate of 12% including VAT and if your property rents for the agreed amount of £1,300 pcm would amount to £1,872.00including VAT.
Tatlers do not charge anything on top of what our contractors would charge for work they carry out. The below prices are quotation examples of the most common services used
EPC (depending on property size) From £70
GSC: £50
Registration of deposit with TDS: £120 including VAT
Inventory check in (depending on number of bedrooms) from £120 including VAT
To serve a section 21 on behalf of landlord (Let only service): £120 including VAT
Cross check inventory on check out (Let only service): £102 including VAT
Property inspection (outside of property management service) : £42 including VAT
Transfer of utilities (Let only service): £60 including VAT
Post tenancy despute resolution: £120 including VAT
In the event that there is a dispute concerning deductions from the deposit and you would like us to attempt to broker an informal resolution on your behalf.