Initial Payment: Once the landlord accepts the offer, an initial payment equivalent to one week’s rent must be made. If you successfully sign the tenancy agreement, this amount will be counted towards your rent in advance.

Rent in Advance: Typically, rent needs to be paid before the start of each rental period. Therefore, you will need to pay at least the first month's rent before the tenancy begins, although the actual amount may vary depending on the terms of the lease.

Security Deposit: If the annual rent is less than £50,000, the deposit is equivalent to five weeks' rent; if the annual rent is £50,000 or more, the deposit is equivalent to six weeks' rent. The deposit must be paid before the tenancy begins.

Late Rent: Late rent will incur interest at an annual rate of 3% above the Bank of England base rate. Interest on late rent begins to accrue after 14 days.

Lost Keys or Other Security Devices: If keys or other security devices are lost and need replacement, you will need to pay for the replacement. If a lock change is required, you will be responsible for the locksmith fees, the cost of new locks, and replacement keys. If additional costs arise, the time cost for replacing lost keys or other security devices will be £15 per hour (including VAT).

Changing the parties to the tenancy agreement at the tenant's request (tenancy exchange): If you wish to change the parties to the tenancy agreement, a new tenancy agreement must be signed. The fee for a tenancy exchange is £50 (including VAT), and if actual costs are higher, reasonable additional fees will apply. Please note that tenancy exchanges require landlord consent and reference approval.

Changing the contract at the tenant's request: If you wish to make any changes to the terms of the tenancy agreement, additional terms will be required. The fee for contract changes is £50 (including VAT), to be paid by the tenant. Please note that contract changes require landlord consent.

Early termination of the contract at the tenant's request: If you wish to terminate the contract early, you will need to pay the landlord the costs of re-letting the property, as well as all rent, council tax, and utility fees due before the new tenancy begins. The fee will not exceed the maximum amount of unpaid rent specified in the tenancy agreement.

Initial Payment: Once the landlord accepts the offer, an initial payment equivalent to two weeks’ rent must be made. If you successfully sign the tenancy agreement, this amount will be counted towards your rent in advance.

New Tenancy Agreement Fee: £360 (including VAT), to be paid by the tenant. This fee is payable after your offer is accepted, when we begin drafting the tenancy agreement.

Reference Fee per Tenant: £60 (including VAT). Payable when you agree to an independent reference check. The reference check is conducted by an independent third party and includes a credit check.

Tenancy Right Check Fee Only: £30 (including VAT). Payable by each tenant or permitted occupant when a full reference check is not required.

Rent in Advance: Typically, rent needs to be paid before the start of each rental period. Therefore, you will need to pay at least the first month's rent before the tenancy begins, although the actual amount may vary depending on the terms of the lease.

Security Deposit: Typically equivalent to six weeks' rent, payable before the tenancy begins.

Inventory Fee: In most tenancies, tenants must pay an inventory check fee before the tenancy begins. The fee is approximately £100 to £250, depending on the size of the property.

Tenancy Renewal Agreement Fee: £180 (including VAT), to be paid by the tenant. This fee is payable upon renewal if you and the landlord mutually agree to extend the tenancy.

Late Rent Payments or Bounced Cheques: A fee of £30 (including VAT) will be charged for late rent payments or bounced cheques. Interest on late rent will also be charged according to the terms in the tenancy agreement, usually at an annual rate of 5% above the UK bank base rate.

Changing the parties to the tenancy agreement at the tenant's request (tenancy exchange): If you wish to change the parties to the tenancy agreement, a new tenancy agreement must be signed. The fee for a tenancy exchange is £50 (including VAT), and if actual costs are higher, reasonable additional fees will apply. Please note that tenancy exchanges require landlord consent and reference approval.

If you have any questions regarding fees and expenses related to the rental property, please feel free to contact one of our letting advisors, and we will be happy to explain these fees further.

Client Money Protection: Let UK Home is a member of the Moneyshield Client Money Protection Scheme, ensuring the safety and protection of client funds.

Independent Dispute Resolution: Let UK Home is a member of the Property Redress Scheme (PRS) and complies with the terms of the PRS.