Residential Lettings Tenant Fees

Once an offer has been submitted for a rental property and accepted by the Landlord, subject to contract and references to include ‘right to rent checks’, previous landlord references (if available) and the necessary affordability/credit checks, Best Gapp will request a non-refundable reservation fee of one weeks rent to reserve the property and in order to proceed with the tenant reference applications.  NB. If the Landlord decides not to proceed with the tenancy the reservation fee will be reimbursed in full, however should the applicant withdraw their offer either before or after the tenant references are processed the reservation fee will be non-refundable and retained by the Landlord.

Deposit Equivalent to six weeks rent (unless otherwise agreed). NB. All deposits to be protected in the Tenancy Deposit Scheme (either DPS or TDS).
Pet Deposit Equivalent to two weeks rent in addition to the six week security deposit (unless otherwise agreed).  This is to cover the additional risk for damages to the property.  NB. All deposits to be protected in the Tenancy Deposit Scheme (either Deposit Protection Scheme or Tenancy Deposit Scheme).
Tenancy Agreement Fee £220 inclusive of VAT
Tenant Administration Fee £120 inclusive of VAT (per person)
– to include credit check fee: £37.20 (non-refundable)
Permitted Occupier:
Administration Fee
NB: This fee only applies if there is an additional occupant permitted and not stated on the tenancy agreement
£120 inclusive of VAT (per person)
– to include credit check fee: £37.20 (non-refundable)
Guarantor:
Administration Fee
£120 inclusive of VAT (per guarantor)
– to include credit check fee: £37.20 (non-refundable)
Tenancy Renewal Fee £85 inclusive of VAT
Check-Out Tenant:
Inventory Fees
- 1 Bed £175.00 inclusive of VAT
– 2 Bed £220.00 inclusive of VAT
– 3 Bed £275.00 inclusive of VAT
– 4/5 Bed £325.00 inclusive of VAT

 

Residential Lettings Landlord Fees

 

LONG LETS

10% plus VAT Let only
2.5% plus VAT Rent Collection
16.5% plus VAT Full Tenancy and Property Management

SHORT LETS

20% plus VAT Let only
2.5% plus VAT Rent Collection
26.5% plus VAT Full Tenancy and Property Management

STAMP DUTY LAND TAX (SDLT) is due on tenancies where the annual rental income exceeds £125,000.  For more information, please refer to HMRC.

 

Other Fees and Charges

Unpaid/Returned Payments Interest at 3% above the Bank of England Base Rate from date due.
Arrears Letter Charge £22 inclusive of VAT per letter sent.
Professional Cleaning As per the direct charge from the professional cleaning company. NB. The charge will be deducted from the Security Deposit if professional cleaning has not been carried out at the end of the tenancy. This charge is only applied where professional cleaning is necessary, to return the property to the same condition as recorded in the check-in inventory report at the start of the tenancy.

 

Best Gapp is covered by the RICS Client Money Protection Scheme

Best Gapp belongs to the The Property Ombudsman Redress Scheme www.tpos.co.uk

A copy of the TPO Code of Practice is available here

Complaints Handling Procedure click here

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+44 (0)20 7730 9253
81 Elizabeth Street, London SW1W 9PG

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