Charges and information for prospective tenants and landlords for assured residential tenancies

Tenant fees

Upfront Applicant and Referencing Fees - Nil. 

Under the Tenant Fees Act 2019 before the tenancy starts the following are payable: - 

Deposit: 5 weeks rent (for annual rents up to £50,000).

Initial monthly rent 

During the tenancy the tenant(s) are responsible for the rent, all utilities, telephone and internet connections and their relevant subscriptions, television licence and Council Tax. 

Under the new legislation, permitted payments will also include, but are not limited to, damage as outlined in the Tenancy Agreement, reasonable costs incurred due to loss of keys and security devices, reasonable costs incurred by breach of tenancy by the tenant(s), reasonable costs incurred by the landlord due to early termination of the tenancy as determined by the Tenant Fees Act 2019. 

Landlords’ Fees

We will be pleased to discuss our various services and the fees chargeable.  

Where we are instructed to manage the tenancy following letting, our letting and agreement fee is the equivalent of half a month’s rent, to include advertising on the relevant portals and VAT. Where we are just instructed to find a tenant, prepare and sign a tenancy agreement, and attend to regulatory requirements, it is one month’s rent, plus £60 if a deposit is taken.

Our commission for management varies accordingly to your property and your requirements.

Money and Redress

We are members of a property redress scheme. The name of our provider is: UKALA (UK Association of Letting Agents). 

Client Money Protection 

We have client money protection. The name of our scheme is: UKALA (UK Association of Letting Agents).

All rent and deposits are protected by being kept in a nominated client account at HSBC. We are also a partnership with unlimited liability and a reputation to protect gained over 170 years.

"Because of changes in function of my company I needed to sell an industrial property and move into new offices. After considering a couple of Estate Agents I was pleased to engage Shoulers to act on my behalf. They acted with speed and efficiency and I was delighted that the property sold within days and at a very acceptable price. I would recommend them and in particular Helen Montague unreservedly."
Mr AH Managing Director