Tenant Fee Schedule
Below is a list of all administration and other fees associated with taking a tenancy through Love Your Postcode. If you are uncertain of how, or why, any of these fees are applicable then please do call us and a member of the team will be happy to talk you through them.
| Deposit | |
|---|---|
| Deposit for a long let tenancy | Equivalent to five weeks’ rent |
| Deposit for a short let tenancy | £700 or equivalent to one weeks’ rent (whichever is greater) |
| Deposit alternative product | Love Your Postcode club membership (optional) based upon risk assessment |
| Other Fees | |
| Contract variation, novation, amendment or change of occupant at the tenant’s request within an existing tenancy | £50 |
| Default fee of interest on late rent if rent is more than 14 days overdue | 3% above Bank of England base rate |
| Default fee for lost keys or other respective security devices | Actual cost of replacement |
| Fees for non-Assured Shorthold Tenancies / non-Licences | |
| Tenant fee | £250 per person |
| This is fixed-cost fee that can cover a variety of works depending on the individual circumstances of each tenancy, including but not limited to conducting viewings, negotiating the tenancy, verifying references, undertaking Right to Rent checks (if applicable) and drawing up contracts. It is charged on a per individual basis – not per tenancy. The charge will not exceed £250 inc VAT per individual and will only be applied to the first four individuals entering into the tenancy where there are more than four individuals taking occupation of the property. The charge will not exceed this sum unless you request or cause one of the specific additional services or fees set out elsewhere in this document. All fees unless otherwise stated are inclusive of VAT | |
How to rent – the checklist for renting in England
This guide is for tenants and landlords in the private rented sector to help them understand their rights and responsibilities. It provides a checklist and more detailed information on each stage of the process, including:
- what to look out for before renting
- living in a rented home
- what happens at the end of a tenancy
- what to do if things go wrong
Tenant Fee Schedule
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