Tenant Guide

Tenants Fees

For any tenant renting a home under an Assured Shorthold Tenancy (AST) and licence to rent, the following are payable.

Holding deposit

One week's rent to reserve a property and will then contribute towards the first month's rent.

Security deposit

Equivalent to five week's rent, rising to six week's rent when the annual rent is in excess of £50,000.

Rent and Utility bills

As outlined in the Tenancy Agreement.

Unpaid rent

This will potentially incur interest at 3% above the Bank of England base rate, as outlined in the Tenancy Agreement.

Lost keys

Tenants are liable for the cost of replacing any lost keys or security device, including a change of lock or replacement of device if required.

Amendments of Tenancy Agreement at tenant's request

Amendments of Tenancy Agreement at tenant's request a maximum of £50.00 per change.

Early surrender of the tenancy

Should a tenant need to surrender the tenancy early and the Landlord agrees to re-let the property, the liability for the payment of rent will end once a new tenant is found and takes up occupation. However, the tenant will still need to cover the Landlord's costs in surrendering the tenancy and re-letting the property.

For any individual tenant renting a property under a Non-Assured Shorthold Tenancy the following charges are also payable:

A one-off upfront payment of £180 per tenancy which is a contribution towards processing the application, drawing up the Tenancy Agreement and registering the deposit.

Tenant reference charge

(£50 per tenant) covers collecting and verifying references from employer/accountant and previous landlord reference as well as carrying out a credit check and collecting a copy of passport, proof of residency, bank statements and a recent payslip.

Guarantor charge

(£50 per guarantor if required) covers credit referencing and preparing a Letter of Guarantee as part of the Tenancy Agreement.

Renewal charge

None for AST tenancies but will be £180.00 for non-AST tenancies.

Client Money Protection (CMP)

Lords Property is member of CLIENT MONEY PROTECT and our memberships number is CMP006524.

Client Money

Lords Property Lettings Ltd has a client money account with HSBC bank UK PLC.

The Property Ombudsman

Lords Property Lettings Ltd is an approved Full member of The property ombudsman.

Avraam Real Estate Ltd is an approved member of the Property ombudsman Redress scheme.



VAT- We do not charge VAT on our fees charged to landlords. Any changes will be notified prior.

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