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Tenant Charges

Tenant Charges

As well as paying rent, as agreed (usually quarterly or monthly in advance), you will also have to pay the following:



BEFORE YOU MOVE IN:

FeeDefined
Tenancy Agreement Fee (tenant share) £230 (plus VAT) £276 (inc VAT) - Contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement
Reference Fee £40 (plus VAT) £48 (inc VAT) per tenant. Processing the application and referencing
Permitted Occupant Check Fee £20 (plus VAT) £24 (inc VAT) per occupant over 18 - We must check every occupant over 18 has the legal right to rent in the UK
Bank Reference Fee Refer to your bank as charges may vary
Guarantor Fee £40 (plus VAT) £48 (inc VAT) per guarantor (if required) covering referencing and the tenancy agreement
Deposit Equivalent to six weeks rent (unless otherwise agreed) This will be protected in the Tenancy Deposit Scheme and may be returned at the end of the tenancy
Pet Deposit Equivalent to two weeks rent on top of your Deposit (as listed above) (unless otherwise agreed) - To cover the added risk of property damage. This will be protected with your deposit in the Tenancy Deposit Scheme and may be returned at the end of the tenancy.
Deposit Protection Fee (Tenant's share) £40 (plus VAT) £48 (inc VAT) - For the registration and updating of your deposit with the Tenancy Deposit Scheme (ASTs only)
Stamp Duty Due on tenancies where the rent amounts to over £125,000. For more information please refer to the HMRC.

DURING YOUR TENANCY:

FeeDefined
Amendment fee £300 (plus VAT) £360 (inc VAT) - Contract negotiation, amending terms and updating your tenancy agreement during your tenancy

ENDING YOUR TENANCY:

FeeDefined
Check Out Fee £50 (plust VAT) £60 (inc VAT) - Covering Knight Frank's role in organising the checkout and, where preparing the Schedule of Dilapidations, liasing between and making recommendations
Check Out Costs Inventory Company charge dependant on size and content of property. The Landlord will pay for the inventory and check in

OTHER FEES AND CHARGES:

FeeDefined
Unpaid Rent / Returned Payments Interest at 4% above Bank of England Base Rate from date due
Arrears Letter Charge £20 (plus VAT) £24 (inc VAT) per letter sent
Professional Cleaning As per the charge of the cleaning company - The charge will be deducted from the Security Deposit if this has not been carried out at the end of the tenancy. Only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy. Knight Frank do not make any additional charges for this.