Sales & Lettings 020 7871 4444

Block & Property Management 020 7812 0480

Tenant Fees

Once you have located a property, we will typically require two week’s rent as a holding deposit, plus the cost of obtaining references, to secure the property. This holding deposit will be deductible from the actual deposit when that is paid. Once satisfactory referencing is completed, a move-in date can be arranged. The contract will then need to be signed and final payment made in cleared funds.

Fees that will apply before, during and at the end of your tenancy are listed below.  If you have any questions, please speak to a member of staff.

 

BEFORE YOU MOVE IN:

Referencing Fee                                                       £40 (inc VAT) per tenant
Referencing; identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability

Guarantor fee (if required)                                       £40 (inc VAT) per guarantor
Covering credit referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement

Contract Setup Fee                                                  £180 (inc VAT)
Contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement

 

DURING YOUR TENANCY:

Amendment fee                                                         £120 (inc VAT)
Contract negotiation, amending terms and updating your tenancy agreement during your tenancy (including for any change of tenant)

Agreement renewal fee                                              £120 (inc VAT)
Contract negotiation, amending and updating terms and arranging for a further tenancy and agreement

 

ENDING YOUR TENANCY:

Check out fee                                                              £78-138 (inc VAT) based on no. of bedrooms
Attending the property to undertake and update Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit(s)

 

OTHER FEES AND CHARGES

Out of hours services
Hourly rate based on costs incurred.  Where actions of the tenant results in the agent (or nominated contractor) attending the property, time to remedy the situation is charged at the hourly rate

Professional cleaning (if required)
Costs vary depending on number of bedrooms and will be deducted from the Security Deposit.  Only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy

Unpaid rent/returned payments
Interest at 8% above Bank of England Base Rate from due date

membership-logo-armaarla-logomembership-logo-tds membership-logo-als lrs-logo-tpo membership-logo-tpo on-the-market-logo-ip

Islington Properties Ltd is an appointed representative (Registration Number 602511) of Clear Insurance Management Ltd, who are authorised and regulated by the FCA - Financial Conduct Authority (Registration Number 307982).