For Assured Shorthold Tenancies and Licenses starting on or after 1st June 2019

Holding Deposit
(per tenancy)

 

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).

Security Deposit (per tenancy, rent under £50,000 per year)

 

Five weeks’ rent.
This covers damages or defaults on the part of the Tenant during the tenancy.

Security Deposit (per tenancy, rent of £50,000 or over per year)

 

Six weeks’ rent.
This covers damages or defaults on the part of the Tenant during the tenancy.

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.

Lost Key(s) or other Security Device(s)

 

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).

Variation of Contract (Tenant’s Request)

 

£50 (inc. VAT) per agreed variation. To cover the costs associated with taking Landlord’s instructions as well as the preparation and execution of new legal documents.

Change of Sharer (Tenant’s Request)

 

£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.

Early Termination (Tenant’s Request)

 

Should the Tenant wish to leave their contract early, they shall be liable to pay 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 than the maximum amount of rent outstanding on the tenancy.

For All Other Tenancies

Start of Tenancy Fees

 

Tenancy Set-up (per tenancy)

£480.00 (£400.00+VAT)

 

Guarantor reference fee

£31.20 (£26.00+VAT) where supporting a failed reference after initial application

 

Company reference fee

£30.00 (£24.00+VAT)

During Tenancy Fees

 

Renewal fee

£120.00 (£100.00+VAT), reduced to £90.00 (£75.00+VAT) if paid within 2 weeks of renewal paperwork being sent.

 

Change of sharer

£480.00 (£400.00+VAT)

 

Rent Arrears Chaser 

£30.00 (£25.00+VAT) per letter/email Regent have to send to chase overdue rent.

Early termination

 

You will be required to pay the outstanding lettings commission owed by your Landlord in the event that you unlawfully terminate the Tenancy before the end of the fixed term/break clause.

 

End of Tenancy Fees

 

Check out fee

This will be charged by a third party company and will depend on the size of the property and whether or not it is furnished. Please contact us for further details towards the end of the Tenancy.

Check out fees: Studio £90 (£75+VAT) to 4 Bed £120 (£100+VAT)

As a regulated agency we abide by lettings legislation to show all of our fees online and in our offices so that our clients are assured of the cost of the rental process before they start their journey with Regent Property. Please note that all of our prices are quoted INCLUSIVE of VAT at the prevailing rate.
We use the services of a third party referencing company to reference all tenants and occupants of our properties. Reference fees cover the cost of a thorough background check including references from previous landlords, employment references and credit checks as well as right to rent checks, which are now a legality in England.
Our administration fee covers the drawing up, exchanging and executing of all tenancy paperwork including relevant notices, which we are required to be served. Please note that should the tenancy not proceed due to applicants failing referencing or withdrawing their offer for any reason, our fees for referencing and administration will still remain due.
If, for whatever reason, there is a change of occupant during the course of the tenancy, the landlord must provide consent and a new tenancy must be drawn up with references obtained and passed. Charges as per the ‘start of tenancy’ fee list.
Please note that any unpaid rent is subject to a penalty as outlined in your tenancy agreement and, in addition, we charge an administration fee to cover the cost of pursuing the rent.

PLEASE NOTE:  It is a tenants responsibility at the end of a tenancy to ensure their property is left in a professionally cleaned condition. We use a third party agency to carry out all post-tenancy cleaning where this has been deemed not to have happened, and this will be payable by the tenant. As this is a third party we cannot guarantee the cost, which is variable depending on the size of property and the kind of clean required. Unless otherwise specified in the tenancy agreement, it is the tenants responsibility to pay for the inventory check out. We also use a third party agency to carry out check outs, and so cannot guarantee the cost, which is variable depending on the size of property.

Regent Letting and Property Management Ltd is a member of The Property Ombudsman redress scheme and our Client Money Protection is provided by UKALA.