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Chestertons are one of the most experienced, leading London residential estate agents. Properties for sale, to rent, let and invest in the London area.

Rural town

Row of terraced houses

View over rooftops

Rural cottage

House

When renting a property, there are various costs that you will need to take into consideration when making an offer.   Prior to your Tenancy:   - New tenancy agreement fee:  £300 (inc. VAT) payable by the tenant. This is a split fee (£600 inc. VAT in total) paid equally by the landlord and tenant.  This is payable after your offer has been accepted and we have proceeded to draw up a tenancy agreement.- Reference fee for each Tenant:  £60.  This is payable when you have agreed to undergo the independent referencing process.  References are carried out by an independent Third Party and include a credit check.- Reference fee for each Guarantor:  £60.  This is payable when you have agreed to undergo the independent referencing process.  References are carried out by an independent Third Party and include a credit check.- Goodlord fee for each Tenant: £6 (inc. VAT) payable by each tenant, when the tenancy is progressed on the Goodlord platform. This is payable in the final stages of the tenancy arrangement process.   - Right to rent check only: £30. This is payable by each tenant or permitted occupier in circumstances where a full reference (as above) is not required.    - Advance Rent:  Rent is usually payable in advance for each tenancy.  You will therefore need to pay, as a minimum, the first month’s rent prior to the commencement of your tenancy, although the amount payable may differ dependent on the terms of your tenancy. - Tenancy Deposit: This is usually the equivalent of 6 weeks’ rent, payable prior to the commencement of your tenancy.   During your Tenancy: - Tenancy renewal agreement fee:  £150 (inc. VAT) payable by the tenant. This is a split fee (£300 inc. VAT in total) paid equally by the landlord and tenant. This is payable upon renewal, should you and your landlord mutually agree to renew the tenancy for a further term.    At the end of your Tenancy: - Inventory charges.  In most lets, tenants will be responsible for paying for the inventory check out costs upon ending a tenancy. The cost is approximately £100 - £250 (inc. VAT) dependent on the size of the property.   - Professional Clean: Tenants will usually be responsible for paying for a professional clean at the end of the tenancy.  Costs can vary depending on the size of the property and your requirements.    Other fees that may apply:  - Changes to the parties of the tenancy agreement (Tenancy Swap).  In the event that you wish to make changes to the parties of the tenancy agreement, a new tenancy agreement will be required.  A tenancy agreement and arrangement fee of £420 (inc. VAT) will be payable by the tenant, together with a reference fee of £60 (inc. VAT) per tenant and / or Guarantor.  Please note that Tenancy Swaps are subject to the landlord’s consent and reference approval.    - Late rental payment or unpaid cheques. £30.00 (inc. VAT) will be payable by the tenant in respect of late rental payments or cheques that are returned unpaid.  Interest on late payment of rent will also be charged in accordance with the terms as stated in the tenancy agreement, usually at a rate of 5% per annum over National Westminster Plc’s base lending rate.       - Any payments  Should you have any queries regarding the charges and costs associated with renting a property, please do not hesitate to contact one of our lettings consultants who shall be happy to explain these in further detail. Read more at http://www.chestertons.com/property-to-rent/applicable-fees/

Sales Manager

Lettings Manager

Chestertons are one of the most experienced, leading London estate agents. Properties for sale, to rent, let and invest in the London area.

Chestertons - East Sheen

Prior to your TenancyOnce an offer has been accepted, preliminary monies equivalent to one or two weeks rent is payable which if you successfully enter into a tenancy agreement will be credited towards your Advance Rent.Rent is payable in advance for each tenancy. You will therefore need to pay, as a minimum, the first months rent prior to the commencement of your tenancy, although the amount payable may differ dependent on the terms of your tenancy.Deposit: This is the equivalent of 5 weeks rent (if the annual rent is less than £50,000) or 6 weeks rent (if the annual rent is £50,000 or more), payable prior to the commencement of your tenancy.Other fees - Assured Shorthold TenanciesInterest on late payment of rent will be charged at a rate of 3% per annum over The Bank of England s base lending rate. This will not be levied until the rent is more than 14 days late.Lost keys or other security devices: In the event that any keys or other security devices are lost and need to be replaced, you will be required to pay the costs of replacing them. If the loss results in locks needing to be changed, you will be required to pay the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys. 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).Contract variation, novation, amendment or change of occupant at the tenants request within an existing tenancy a contract fee of £50 (inc. VAT), will be payable by the tenant. All requests will be subject to the landlords consent and approval.In the event that you wish to leave your contract early, you will be required to pay the landlord s costs in re-letting the property as well as all rent, council tax and utilities due under the tenancy until the start date of the replacement tenancy. The costs will be no more than the maximum amount of rent outstanding on the tenancy.Other fees - Non-Assured Shorthold TenanciesTenancy agreement fee: £300 (inc. VAT) payable by the tenant after your offer has been accepted and we have proceeded to draw up a tenancy agreement. Reference fee for each Tenant: £60 (inc. VAT), payable when you have agreed to undergo the independent referencing process.Right to rent check only: £30 (inc.VAT), payable by each occupier in circumstances where a full reference (as above) is not required.In most lets, the tenant will be responsible for paying the inventory check in costs prior to the commencement of a tenancy. The cost is approximately £100- £250 depending on the size of the property.Renewal agreement fee: £150 (inc. VAT) payable by the tenant upon renewal, should you and your landlord mutually agree to renew the tenancy for a further term.Late rental payment or unpaid cheques: £30.00 (inc. VAT) will be payable by the tenant in respect of late rental payments or cheques that are returned unpaid. Interest on late payment of rent will also be charged in accordance with the terms as stated in the tenancy agreement, usually at a rate of 5% per annum over The Bank of England s base lending rate.A tenancy swap fee of £420 (inc. VAT) will be payable by the tenant, together with a reference fee of £60 (inc. VAT) per tenant and / or Guarantor. Tenancy Swaps are subject to the landlord s consent and reference approval.A variation of contract fee of £50 (inc. VAT) will be payable by the tenant. Variation of contract is subject to the landlords consent.Additional InformationChestertons is a member of ARLA.Chestertons is a member of the Propertymark client money protection scheme.Chestertons is a member of The Property Redress Scheme.

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