3856 properties to let in Tower Hamlets

The following fees apply:

Administration/ Agreement Fee: £200.00 (plus VAT)

Inventory/ Check In Fee (for studio flat to four bed): Between £120.00 to £180.00 (incl VAT)

Reference Fee: £50.00 per person (plus VAT)

Six weeks deposit is required for this property.

When renting a property, there are various costs that you will need to take into consideration when making an offer.

Below, we have outlined the applicable charges payable when renting a home from Chestertons:

- Tenant administration fee: £222 (inc. VAT) This is payable after your offer has been accepted and we have proceeded to draw up a tenancy agreement.
- Reference fee for each Tenant or Guarantor: £42. This is payable when you have agreed to undergo the independent referencing process. References are carried out by an independent Third Party.
- Renewal administration fee: £96 (inc. VAT). This is payable upon renewal, should you and your landlord mutually agree to renew the tenancy for a further term.
- Inventory charges. In most lets, tenants will be responsible for paying for the inventory check out costs upon ending a tenancy. The cost is approximately £95 - £250 (Plus VAT) dependent on the size of the property. When budgeting prior to your home search, do not forget to also factor in your Tenancy Deposit, which is usually the equivalent of 6 weeks' rent. Tenants will also normally be responsible for paying for a professional clean at the end of the tenancy.

Should you have any queries regarding the charges and costs associated with renting a property, please do not hesitate to contact one of our lettings consultants who shall be happy to explain these in further detail.

Tenants’ Guide to Charges

johns&co is a member of and covered by the ARLA/Propertymark Client Money Protection Scheme. Johns&co is also a member of a redress scheme provided by The Property Ombudsman.

Permitted Charges in accordance with the Tenant Fee Act 2019

Under the terms of the Tenant Fee Act if you enter into an assured shorthold tenancy, payments which may apply will be as follows:

First month’s rent In advance

Tenancy Deposit 5 or 6 weeks depending upon the rental amount or a Deposit Replacement Insurance Product at a cost equal to 1 week’s rent where offered by the Landlord.

Holding Deposit Maximum one week’s rent

Early termination when requested by the tenant A charge not exceeding the financial loss experience by the landlord

Default charge for late payment of rent Limited to interest charged at 3% above Bank of England base rate, when rent is more than 14 days late

Default charge for replacement of lost key or security device Equivalent to cost incurred

Changing the tenancy documents after the commencement of the tenancy GBP41.67 excl. VAT | GBP50 inc. VAT

Utilities, communication services, TV licence and council tax

A Non Housing Act Tenancy is formed when one of the following criteria is in place:

• The annual rent exceeds GBP100,000
• The property is not used as a main or primary home
• The property is occupied by an entity (Company let) rather that an individual
• There is a Resident Landlord

Please speak with our branch staff if you need clarity on which tenancy might apply in your circumstances.

Under the terms of the Tenant Fee Act if you enter into a non housing act tenancy, payments which may apply will be as follows (exclusive / inclusive of VAT):

Tenancy Setup Fee drafting and execution of tenancy agreement if supplied by us, collecting and holding the Tenancy Deposit as Stakeholder (where applicable), issuing relevant deposit protection certificates (where applicable) GBP300 / GBP360

Check in Fee checking into the property and reviewing inventory Minimum of GBP115.00 / Minimum of GBP138.00

Comprehensive Reference Fee (per person, per company and per guarantor (if required) GBP50 / GBP60

Renewal Administration negotiating and drafting extension to the fixed term GBP150 / GBP180

Change of Sharer – During a fixed term GBP625 / GBP750

Change of Sharer – At Renewal of fixed term GBP250 / GBP300

Early Termination – Deed of Surrender GBP125 / GBP150

Late payment of rent Interest will be charged at 3% above the Bank of England base rate

Please note: The holding deposit can be paid on the Goodlord platform by debit card only. All other monies due must be paid via the Goodlord platform or into johns&co’ client account by direct bank transfer. We are unable to accept cash. We do not accept credit cards.

New Assured Shorthold Tenancy (AST)

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 weeks 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, 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 - A minimum of £50 per change which could increase depending on the level of work required to carry out the amendment
• 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

For any individual tenant not renting a property under an Assured Shorthold Tenancy the following charges are also payable:

• Tenancy Administration charge - £180 per tenancy
• Reference charge - £60 per tenant or guarantor
• Check-in charge - £144 per tenancy
• Renewal charge - £144 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 £480 for a new tenancy and £240 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 ARLA and RICS 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 under the RICS Client Money Protection Scheme.

Before the tenancy starts:

Holding Deposit: 1 weeks rent and
Deposit: 5 weeks rent (or in the case of rental income of
more than £50000 per annum 6 weeks rent).

During the tenancy:

Payments to other third parties: Such as Council Tax, utilities or payments for communications services;
Default Charges: Such as payments for the replacement of lost keys or interest on overdue rent; and
Tenancy Transaction Charges: Such as requests to vary or assign the tenancy.

Abatoria Limited is a member of the cpm, which is a client money protection scheme and also a member of The Property Ombudsman which is a redress scheme. We are also supervised by the Money Laundering regulation Checks. For further information please contact us directly.

Depending on your circumstances and the property you select, the letting agent may also apply the following fees:

- refundable holding deposit
- making changes to the contract (such as change of sharer)
- replacing lost keys
- end of tenancy cleaning
- early termination fees

Hamptons Fees and Charges in England

Permitted charges in accordance with the Tenant Fee Act 2019 for assured shorthold tenancy:
Holding Deposit - Maximum one week’s rent (may go on to form part of advance rent)
First month’s rent - In advance.
Tenancy Deposit - 5 weeks of agreed rent up to £50k rent per annum or 6 weeks of rent over £50k.
Early termination requested by the tenant - A charge not exceeding the financial loss experienced by the landlord.
Late Rent - Interest charged at 3% above Bank of England base rate, when rent is more than 14 days late.
Lost key or security device - Equivalent to cost incurred.
Changing the tenancy documents (after the commencement of the tenancy) - £50 inc. VAT.

Non housing act tenancy fees (not affected by the Tenant Fee Act 2019)
A Non Housing Act Tenancy is formed when one of the following criteria is in place:
The annual rent exceeds £100,000.
The property is occupied by an entity (Company let) rather that an individual.
The property is not used as a main or primary home.
There is a Resident Landlord.
Tenancy Agreement and Setup Administration - £390 inc VAT.
Check-in Fee checking into the property and reviewing inventory - Minimum of £130.80 inc VAT.
Enhanced Reference Fee (per person or company) - £60 inc VAT.
Tenancy Continuation - £150 inc VAT.
Change of Sharer - £120 inc VAT.
Early Termination - £150 inc VAT.
Late payment of rent - Interest will be charged at 3% above the Bank of England base rate.
Guarantor Referencing Fee - £60 inc VAT per guarantor.
Deed of Guarantee - £50 inc VAT.

Stamp Duty Land Tax Payable on tenancies where the rent exceeds £125,000
During the tenancy you may expect to pay:
Utilities (gas, electricity, water)
Council Tax
Broadband, telephone, television licence
Subscription to cable/satellite supplier
Insurance (for your personal and own contents)
Garden maintenance
Parking permits

Please note: The Initial Monies will be confirmed and must be paid by debit card or bank transfer. We are unable to accept cash.
Hamptons is a member of Propertymark and your monies are covered by the Propertymark Client Money Protection Scheme and a member of a redress scheme provided by The Property Ombudsman.