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The costs of renting a property

When you rent a property, there are a number of costs to consider; which may vary depending on the area and the type of let you are looking at.

These costs will include stand alone and on going items:

  • Rent – one month’s advance rent when you move in and on-going monthly rent throughout the tenancy
  • Security deposit – for assured shorthold tenancies (ASTs) equal to five weeks if rent under £50,000 per annum or six weeks if rent over £50,000 per annum (may vary for other tenancies)
  • Agent fees – reference checks, inventory, tenancy agreement fee (applicable for non housing act tenancies only)
  • Moving costs – removal company or vehicle hire, storage costs
  • Household bills – electricity, gas, water, council tax, telephone and internet, TV licence, contents insurance
  • Rent increases

For KFH tenant terms and charges visit our lettings fees page or refer to our guide to establishing your budget and finances.

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