As of 1st June 2019 it is against the law for any letting agent in England to charge any upfront fees to tenants for admin fees. Please note all Tenant referencing, Drafting of first Tenancy Agreement, Inventory Reports,Check Out Reports and inspections are all payable by the Landlord.
Rent: The amount charged for the occupation and use of the property on a periodic basis.
Tenancy Deposits: A deposit paid by the tenant as security for the property, which may not exceed the total of five or six weeks' rent, depending on whether the annual rent is less or more than £50,000.
Holding Deposits: A deposit paid by the tenant before a tenancy agreement is made, fixed at one week's rent.
Key or Security Device Replacement Fee: A fee charged to the tenant for the loss of a key or other security device of the housing, at a charge of £60.00. (Please note the cost for fobs vary from development)
Late Rent Payment Fee: A fee charged if the tenant fails to make a payment of rent in full within 14 days of the due date, charged at 3% APR above the Bank of England base rate.
Tenancy Agreement Variation Fee: A fee charged for granting requests made by tenants to vary tenancy agreements, fixed at £50 or the reasonable costs of granting the request.
Early Termination Fee: Payments required when tenants terminate a tenancy agreement before the end of a fixed-term agreement or without giving the required notice. The fee must not be more than the actual amount of loss suffered by the landlord.