Looking for a top-notch London-based estate agency with a wealth of experience? Look no further than Fraser &amp; Co. With over 28 years in the business, we have become experts in all aspects of the property market, including property sales and lettings, property management, new homes, and more. Whether you&#39;re searching for a property to rent or a property to buy, Fraser &amp; Co has the skills and expertise needed to help you find your perfect home. Our team of trusted estate agents has a deep understanding of the different neighbourhoods and communities in London and can provide valuable insight into local market trends. We are the go-to agency for anyone looking for a free online property valuation or anyone looking to make a move in the city. As one of the top estate agents in London, Fraser &amp; Co prides itself on our extensive knowledge of the London property market. We offer a range of services to meet your property needs, including property management and investment opportunities. Our commitment to providing excellent service and expertise makes Fraser &amp; Co the best choice for navigating the complex London property market.

Residential tenant
fees and charges

We may find a property for you within a matter of days, so
you need to understand the rental process before you start looking.

To protect both tenant and landlord rights you will have to
go through a series of checks, referencing and sign tenancy agreements. We
always want you to rent through us, so we don’t just organise viewings; we help
you at every stage of the complex rental process, including making and agreeing
an offer.

You will have been given our applicant guide when you came
to your first viewing, as soon as you make an offer, we’ll send you our
detailed tenant guide so you understand the whole rental journey.

There are four types of costs you need to budget for:

·        
your rental payment

·        
your chosen letting agents’ costs

·        
the bills you have to pay on top of the rent

·        
the deposit which is usually the equivalent of
between 6 to 8 weeks rent

We’ve detailed everything below to give you an idea of what
to expect.

FULL BREAKDOWN OF
TENANT FEES BELOW

(Inclusive of VAT)


 
 
 PRELIMINARY CHARGE:
 Fees for drawing up and the
 tenancy agreement 
 
 
 £200.00 
 per tenancy
 
 
 
 
 REFERENCING FEE: 
 References include employer’s
 reference and previous landlord if applicable the price varies on the time
 needed for the refencing (1hr, 24hr, 48hr)
 
 
 £50.00 - £100.00 
 per tenant
 
 
 
 
 DEPOSIT
 
 
 6 weeks rent
 
 
 
 
 CHECK IN / INVENTORY FEE:
 Dependent on the size and level
 of furnishings
 
 
 £72.00 - £216.00
 
 
 
 
 RIGHT TO RENT CHARGE:
 
 
 £25
 
 
 
 
 CHANGE OF TENANT FEE:
 
 
 £120.00
 
 
 
 
 CHECK OUT INVENTORY FEE:
 
 
 £138.00 - £330.00
 
 
 
 
 RENEWAL TENANCY AGREEMENT:           
 
 
 £90.00
 
 
 
 
 LATE OR UPAID RENT CHARGE:
 
 
 £25.00
 
 
 
 
 LOST KEYS FEE:
 Dependent on the type of lock
 for the property
 
 
 £50 - £300
 
 
 
 
 ABORTIVE CALL-OUT CHARGES: 
 For Fraser &amp; Co Managed
 properties
 
 
 £150.00
 
 
For fee&#39;s explained please visit our website for further information: http://www.fraser.uk.com/estate-agency/rent-property/residential-tenant-fees-charges

Fraser & Co - London West End

The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments:<ul><li>A holding deposit (up to 1 week&#39;s rent)</li><li>A tenancy deposit of 5 weeks&#39; rent</li><li>A payment of up to £50 inc VAT to alter the tenancy agreement, when requested by a tenant, or reasonable costs incurred if higher</li><li>Interest at a rate of 3% above the Bank of England’s base rate, for late payment of rent (which is more than 14 days overdue)</li><li>A payment of £30 inc VAT for the replacement of a lost key or security device</li><li>Payments associated with early termination of the tenancy when requested by the tenant</li><li>Payments to service providers in respect of utilities, communication services, TV licence and council tax</li><li>Other payments, permitted under appropriate legislation, including damages.</li></ul>The agent is a member of The Property Ombudsman Limited, which is a redress scheme, and safeagent (previously NALS Client Money Protection).

PARKING INCLUDED! Set on the 1st floor of 4 Merchant Square, this FURNISHED apartment offers 844sqft and UNDERGROUND PARKING. Comprising of an open-plan FULLY FITTED KITCHEN, WOODEN FLOORING, CARPETED BEDROOMS. Resident's also benefit from a CONCIERGE SERVICE and LIFT ACCESS. The development is located on the charming waterfront of Paddington's West End Quay basinand offers excellent transport links from Paddington Station and Edgware Road Underground Station is a mere two minutes walk away. Oxford Street and Hyde Park are also within walking distance. Available from the 9th November 2024.

Property reference PAL110106_L. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Fraser & Co - London West End.

 OnTheMarket may have applied supplementary data to this property listing, including:

 Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021

 Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

 Basic: Up to 30 Mbit/s 
 Super-fast: Between 30 Mbit/s and 300 Mbit/s 
 Ultra-fast: Over 300 Mbit/s

 The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: <a href="https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2">https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2</a>

 Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021

 Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

 Clear: No bars, no signal predicted 
 Red: One bar, reliable signal unlikely 
 Amber: Two bars, may experience problems with connectivity 
 Green: Three bars, likely to have good coverage and receive a data rate to support basic web services 
 Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

 Energy Performance data and Internal floor area

 Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See <a href="https://www.onthemarket.com/terms/#other">here</a> for more information.

DISCLAIMER

Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.

Call rate information

Letting fees information – Permitted Payments New Assured Shorthold Tenancies (AST's) signed on or after 1st June 2019 The following charges are payable or potentially payable by a tenant: - Holding deposit - A maximum of one week's rent - Security deposit - Five weeks' rent, rising to six week's rent when the annual rent is in excess of £50,000 - Rent and Utility bills - Payable as outlined in the Tenancy Agreement - Unpaid rent - Interest at 3% above the Bank of England base rate when the rent is late by 14 days, 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 - £50 per change - Early Surrender of the AST at Tenant's Request - 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 Non AST's signed on or after 1st June 2019 For any individual tenant not renting a property under an Assured Shorthold Tenancy the following charges are also payable: - Tenancy Administration charge - £200 per tenancy - Reference charge - £60 per tenant or guarantor - Check out charge - £100 - £250 per tenancy depending on size and if furnished/unfurnished - Renewal charge - £100 per renewal If a tenant decides to rent a property through us in the name of a business or company the tenancy administration and reference charge will be £200 for a new tenancy and £100 for every renewal. All prices are inclusive of VAT. As a member of The Property Ombudsman (TPO) for sales and lettings we subscribe to TPO’s Codes of Practice. This Government approved independent redress scheme gives consumers additional protection beyond that required by law. Our clients have peace of mind that there is free and fair redress available in the unlikely event of an unresolved dispute involving our agency. As regulated members of Safe Agent this means that any monies we hold is insured. This gives our clients peace of mind and financial protection that their money will always be safe in our hands.

If you do not know the Council Tax band you will not know how much you need to pay.

Council tax

If you don't know the type of utilities which the property has, there may be additional costs, for example an adequate broadband connection may not be available.

Broadband

If you don't know the type of utilities which the property has, there may be additional costs, for example adequate mobile reception may not be available.

Mobile signal

If you don't know the type of utilities which the property has, there may be additional costs, for example if the water supply comes from a private well which requires regular maintenance or has water quality requirements.

Water

Knowing the nature of your heating supply is important as there may be additional considerations, for example if the property is not connected to the mains gas line and has an LPG heating system.

Heating

Knowing the nature of your electricity supply is important as there may be additional considerations, for example if the property is not connected to the national grid and has a generator instead.

Electricity

If you don't know the type of utilities which the property has, there may be additional costs, for example if the property has a septic tank that requires regular maintenance and emptying.

Sewerage

Yes, very worried

Yes, slightly concerned

No, I’m sure it will be fine

No, I have a mortgage Agreement in Principle already

No, because I don’t need a mortgage to buy a property

I’ve not thought about it yet

Within the next 3 months

Within the next 6 months

Within the next 9 months

Within the next 12 months

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This is my first rental

I'm a student

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I'm selling up to rent

ASAP

Within 3 months

3-6 months

More than 6 months time

Not sure

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PARKING INCLUDED!Set on the 1st floor of 4 Merchant Square, this FURNISHED apartment offers 844sqft and UNDERGROUND PARKING. Comprising of an open-plan FULLY FITTED KITCHEN, WOODEN FLOORING, CARPETED BEDROOMS.Resident's also benefit from a CONCIERGE SERVICE and LIFT ACCESS.The development is...

3 bedroom flat to rent

Key information

Letting details

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