Thomas Michael is an independent, owner-managed estate and letting agency established in 2012 and based in Moorgate close to the Barbican Estate in the City of London. We cover the Barbican Estate, City of London and Farringdon; broadly the EC2, EC1, EC3 and EC4 post codes.We provide a professional and bespoke service to all of our clients and value the relationships we build with our clients be they sellers or landlords. These are relationships with a foundation in provision of a first-class personal service and the best possible advice given at all times. Client service is at the very heart of our day to day work. Much of our new business comes from word of mouth recommendations from neighbour to neighbour and our client landlords come back to us year after year – in an area saturated with large corporate agencies. For a thoroughly professional and personal approach to selling or letting your Barbican or City property please get in touch.

Rural town

Row of terraced houses

View over rooftops

Rural cottage

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Administration fee - a fee of £150 (£125 &#43; VAT) is payable by a prospective tenant to Thomas Michael once an application has been made for a property and the landlord has decided to proceed with referencing checks.  £90 (£75 &#43; VAT) is payable for each additional tenant (or guarantor), so the total administration fee for two tenants would be £240, and for three tenants £330.  This fee covers the referencing checks undertaken and associated work by Thomas Michael. Tenancy agreement fee - A fee of £120 (£100 &#43; VAT) is payable for the production and signing of a tenancy agreement by a single tenant. For two tenants the fee is £150 (£125 &#43; VAT).  For three or more tenants the fee is £180 (£150 &#43; VAT). Changing tenants - it is your obligation to obtain written consent from the landlord for any change in the identity of the tenants. Upon instruction from a landlord and receipt of this consent Thomas Michael will prepare a Deed of Assignment, or in some cases a new tenancy agreement, and organise the signing by all parties. A fee of £240 (£200 &#43; VAT) is payable for this service for a tenancy agreement signed by up to two tenants.  For three or more tenants the fee is £300 (£250 &#43; VAT). Company lets and use of relocation agents - where the application is for a company let or where the applicant is using a relocation agent the above fees (administration fee and tenancy signing fee) do not apply. In these instances, we charge a flat fee of £600 (£500 &#43; VAT) which covers the referencing administration, all of the work associated with the drawing up and signing of the tenancy agreement and all other administration and liaising which is typical of such applications.  Check-in/Check-out fees - a tenant may have to pay a check-in or check-out fee. These vary depending on the amount of rooms or furnishing but usually range from £80 to £150.  Further information can be provided by Thomas Michael. Renewals - if the tenancy is renewed on a fixed basis, rather than the tenancy going onto a periodic tenancy, then we will make a charge of £120 (£100 &#43; VAT) to cover our administration where there are up to two tenants. We will charge £150 (£125 &#43; VAT) for more than two.

Thomas Michael - Barbican & City

Assured Shorthold Tenancies are now commenced and continued in accordance with the rules set out in the Tenants Fees Act 2019 and in addition to the information set out here we would refer you to the publicly available Government guidance on this new regime, in particular the rules with regards the withholding of holding deposits.As well as paying the rent you may also be required to make the following permitted payments:Before the tenancy starts (payable to Thomas Michael ‘the Agency’)Holding deposit: 1 week’s rent which will be put towards your first rental payment, with your agreement.Security deposit: equivalent to 5 weeks if annual rent is less than £50,000 or equivalent to 6 weeks if annual rent is more than £50,000.During the tenancy (payable to the Agency)Payment of £50 (£41.67 &#43; VAT) or reasonable costs if higher if you want to change the tenancy agreement.Payment of interest - if you fail to pay the rent under the tenancy within fourteen days of the due date you shall pay to the Landlord or Agency interest on the amount outstanding at the rate of 3% per annum above the base rate of the Bank of England calculated daily.Payment of the actual cost of replacement of lost or broken key/security device.Early termination - all costs, fees and charges incurred by the landlord for allowing early termination including the Agency&#39;s existing or re-letting fees.During the tenancy (payable to the provider) if applicableUtilities – gas, electricity, waterCommunications – telephone and internet Installation of cable/satelliteSubscription to cable/satellite supplierTelevision licenceCouncil TaxAny other permitted payments, not included above, under the relevant legislation including contractual damages. We are members of The Property Ombudsman (TPO), which is our redress scheme, and our membership number of TPO is D6538. We are members of Money Shield, which is our client money protection (CMP) scheme, and our membership number is [  ] Non-Housing Act tenancies For non-Housing Act tenancies, and for this Agency it will apply principally to Company Lets, the Tenant Fees Act 2019 does not apply. We charge a flat fee of £600 (£500 &#43; VAT) which covers the referencing administration, all of the work associated with the drawing up and signing of the tenancy agreement and all other administration and liaising which is typical of tenancies.The holding deposit will be 1 week’s rent and the security deposit will be equivalent to 6 weeks’ rent.We charge £180 (£150 &#43; VAT) to arrange the fixed extension to a tenancy.It is the landlord’s decision as to whether an inventory clerk is instructed. The landlord will be responsible for the cost of the inventory and check-in and the tenant will be liable for the cost of the check-out. The fees for an inventory and check-in and check-out vary depending on the amount of rooms and furnishing but usually range from £80 to £150.

Contact Thomas Michael - Barbican & City