Tessa Lang Property Ltd. is a member of and covered by the ARLA/Propertymark Client Money Protection Scheme. Tessa Lang Property Ltd. is also a member of a redress scheme provided by Property Redress Scheme www.theprs.co.uk. Copies of the PRS Code of Practice plus our complaint handling procedure are available upon request.
Permitted Charges in accordance with the Tenant Fee Act 2019
Under the terms of the Tenant Fee Act if you enter into an ASSURED SHORTHOLD TENANCY, payments which may apply will be as follows:
- First month's rent - in advance
- Tenancy Deposit - 5 or 6 weeks depending upon the rental amount
- Holding Deposit - maximum one week's rent
- Early termination when requested by the tenant - a charge not exceeding the financial loss experienced by the landlord
- Default charge for replacement of lost key or security device - equivalent to cost incurred
- Changing the tenancy documents after the commencement of the tenancy - £50 inc. VAT
A Non Housing Act Tenancy is formed when one of the following criteria is in place:
The annual rent exceeds £100,000
The property is occupied by an entity (Company let) rather than to an individual
The property is not used as a main or primary home
There is a Resident Landlord
If you are in any doubt as to the type of tenancy which will apply to you, please speak to our branch staff.
Under the terms of the Tenant Fee Act if you enter into a NON HOUSING ACT TENANCY, payments which may apply will be as follows:
Tenancy Setup Fee £390 inc VAT- 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
Check-in Fee £130.80 inc VAT - checking into the property and reviewing inventory
Enhanced Reference Fee £60 Inc VAT (per person or company)
Tenancy Continuation £150 inc VAT negotiating and drafting extension to the fixed term
Change of Sharer £120 inc VAT - Deed of Assignment
Early Termination £150 inc VAT - Deed of Surrender
Late payment of rent - Interest will be charged at 3% above the Bank of England base rate
If there are any guarantors for the tenancy:
Guarantor Referencing Fee £60 incl. VAT - per guarantor verification of details, credit check, employer and accountant reference (if available)
Deed of Guarantee Fee £50 incl. VAT - drafting Deed, negotiating clauses and executing document