Rent 1 bedroom apartment in London

Docklands Estates (Wapping) Ltd tenant charges fees – assured shorthold tenancy (AST) before you move in • holding deposit Equivalent to one week’s rent. • security deposit Equivalent to five weeks rent (six weeks if annual rent is over £). • first month’s rent In advance during your tenancy • change varaiation of contract fee (Tenant request) £75.00 • early release fee (Tenant request) A charge not exceeding the landlords’ costs in re-letting the property, including all rent due under the tenancy until the replacement tenancy. Other fees and charges • late payment of rent Interest will be charged at 3% above the Bank of England base rate for any rent that remains unpaid for 14 days or more. • key(S) fob replacement Equivalent to the costs incurred with the replacement. Tenant fees for non -ASTs before you move in • holding deposit Equivalent to two week’s rent. • contract setup fee £275.00 • reference fee £60.00 (per person, guarantor, company) • deposit Equivalent to six weeks’ rent (unless otherwise agreed). During your tenancy • change of sharer £450.00 (during fixed term) £150.00 (at renewal of fixed term) • early release fee £350.00 • renewal fee £175.00 (Negotiating and drafting addendum to the fixed term) other fees and charges • late payment of rent Interest will be charged at 3% above the Bank of England base rate for any rent that remains unpaid for 14 days or more. • arrears letter £25.00 per letter • key(S) fob replacement Equivalent to the costs incurred with the replacement. • professional cleaning Equivalent to the cleaning company charge. Levied when property is not returned in the same condition as it was at the commencement. Please speak to a member of our lettings team if have any questions on any the above. Docklands Estates (Wapping) Ltd is a member of the Property Redress Scheme and has Client Money protection with UKALA. Docklands Estates (Wapping) Ltd landlord fees let only service: 12% (10% plus VAT) For example: If the tenancy is 12 months and the rent is £1,000 per month, the fee calculated shall be 12% of the annual rent, so the fee will be £1,440. Minimum commission charge is £1,500 (inc. VAT). This commission will be charged in advance on an annual basis for the whole time the tenant stays in the property. For example: If the tenancy continues for a second year or any subsequent year, the commission will be charged on the annual rent for that year. If there has been an increase in rent, for example to £1,200 per month, the fee calculated shall be 12% of the annual rent so the fee will be £1,728 (inc. VAT). Rent collection service: 14.4% (12 % plus VAT) For example: If the tenancy is 12 months and the rent is £1,000 per month, the fee calculated shall be 14.4% of the annual rent, so the fee will be £1,728 (inc. VAT). Minimum commission charge is £1,500 (inc. VAT). This commission will be charged in advance on an annual basis for the whole time the tenant stays in the property. For example: If the tenancy continues for a second year or any subsequent year, the commission will be charged on the annual rent for that year. If there has been an increase in rent, for example to £1,200 per month, the fee calculated shall be 14.4% of the annual rent so the fee will be £ (inc. VAT). Full management service: 18% (15% plus VAT) For example: If the tenancy is 12 months and the rent is £1,000 per month, the fee calculated shall be 18% of the annual rent, so the fee will be £2,160 (inc. VAT). Minimum commission charge is £1,500 (inc. VAT). This commission will be charged in advance on an annual basis for the whole time the tenant stays in the property. For example: If the tenancy continues for a second year or any subsequent year, the commission will be charged on the annual rent for that year. If there has been an increase in rent, for example to £1,200 per month, the fee calculated shall be 18% of the annual rent so the fee will be £2,592 (inc. VAT). Short term let 30% (25% plus VAT) landlord charges tenancy agreement fee: £300 (£250 plus VAT) insurance claims: £120.00 (£100 plus VAT)per hour reference fee: £60 (£50 plus VAT) serving A notice: £120 (£100. Plus VAT) deposit registration fee: £120.00 (£100 plus VAT) key cutting service: £20.00 plus cost of keys inventory check out: £60 (£50. Plus VAT) plus the inventory charge based on the size of the property. Deposit transfer: £120 (£100 plus VAT) for the transfer of a deposit to another party during the tenancy. Attending court: £180 (£150 plus VAT) per hour senior management: £300 (£250 plus VAT) per hour Director deposit disputes:£120.00 (£100 plus VAT) per hour to respond to deposit disputes certificates complaince checks: £30 (£25 plus VAT) arrangement fee plus the cost of the certificate or check additonal property visits: £48 (£40 plus VAT) per visit or per hour to allow access for a contractor to carry out works licensing £360.00 (£300 plus VAT) plus the local authority licence fee sale of property to tenants: 2.4% (2% plus VAT) of agreed sale price (see terms for full details) Please refer to our Terms and Conditions for a full breakdown of our fees. If you require any further information please ask a member of our lettings team.