Residential Fees

We will talk you through both the Landlord and Tenant sequence of checks in this complex process, including the right to rent guide, referencing with or without a Guarantor and the AST, assured shorthold tenancy.

Prior to selecting and viewing a property please use our affordability calculator, to consider the affordability of the property.

When inputting details please consider:

  • The rental payment
  • Holding deposit
  • 5 weeks deposit
  • All utility suppliers costs on top of rent
  • Current household living costs
  • Other outgoing costs

An AST is an assured shorthold tenancy which is the most common type of tenancy renting from an agent or private landlord. Under an AST you have:

  • Exclusivity of the property
  • Rental value does not exceed £100,000 PA
  • The property is your main residence

We have further detailed below how and what Tenant fees could be charged under an AST in accordance with the latest Government regulations on Tenant fees.

Type of FeeCharge
Holding DepositEquivalent of 1 weeks rent – this will be deducted from your first months rent due
Tenant depositEquivalent to 5 weeks rental value, to be registered in the TDS
Late payment of rent – returned rent payments3% above the Bank of England base rate
Early termination – agreed with LandlordAll costs associated with the tenancy payable by the Landlord to the agent from the early termination date to the end of term
Lost or unreturned keys or fobsAll costs for the replacement of keys or fobs which have been lost or broken including new locks if required

Right to Rent Checks

All occupants residing at a property over 18 years must be checked under an AST. It is against the law to only check those you believe are not British Citizens.

The right to rent check will involve requesting original documents that proves you can live in the UK and to ensure you have the right to rent a property in the UK. These documents will be requested prior to referencing. Copies will be taken and kept on file for up to one year after the tenancy expiry date.

The documents that permit the holder permanent right to rent in the UK include:

  • UK passport
  • EEA/Swiss national passport/Identity card
  • Registration certificate or document certifying permanent residence of EEA/Swiss national
  • EEA/Swiss family member Permanent Residence card

The following are acceptable document combinations, which two documents must be shown as a combination:

  • UK birth or Adoption certificate
  • Full or provisional driving licence
  • A letter from HM Prison Service
  • A letter from UK Government Department or Local Authority
  • A letter from National Offender Management Services
  • Evidence of current or previous service in UK armed forces
  • A letter from a police force confirming that certain documents have been reported stolen
  • A letter from a private sector access scheme
  • A letter of attestation from an employer
  • A letter from a UK further or higher education institution
  • A letter of attestation from a UK passport holder working in an acceptable profession
  • Benefits paperwork
  • Criminal record check

The following documents show a LIMITED right to rent check:

  • A valid passport endorsed with a time – limited period
  • Biometric immigration document, with permission to stay for time-limited period
  • Non – EEA national residence card
  • UK immigration status document with a time limited endorsement from Home Office

Tenants Referencing and Guarantors

A tenants offer on a rental property, is always subject to contract and passed references with or without a Guarantor. If a Guarantor is necessary, (this can be determined by using an affordability calculator), they will be required to undergo the same referencing checks as the tenants to satisfy the Landlord, that in any eventuality the rent payments will be made.

Tenants referencing includes the following checks:

  • Former Landlord Reference – if applicable
  • Credit Check – which show you manage your money and have not been declared bankrupt
  • Bank Details – proof of a bank account
  • Proof of Employment or income – checks with employer and for regular payments
  • Proof of Residency – proof of current address and bills associated to that address
  • Proof of Identity – identification to show you are who you say you are, passport or driving licence
  • Right to Rent Check – Immigration checks to determine the rent to rent in the UK

Landlord are comfortable with Guarantors as they are required to sign the AST in addition to a Guarantor undertaking, which will allow the Landlord to take legal action against the Guarantor as well as the tenants should the rent payments not be paid.

A Guarantor will only be accepted if:

  • Reside in the UK
  • Have a UK bank account
  • Earn in excess of 3 times the annual rental value

A Guarantors responsibility ends when either the tenancy ends via mutual agreement between landlord and tenant by the serving notice in accordance with the AST or the property comes under a possession order by the courts.