All charges include VAT at the prevailing rate of 20%, but are subject to change should the VAT rate increase. We reserve the right to amend our fees if we give you reasonable prior notice.
You should allow for the following payments when making an offer to rent a property:
|Preparation of tenancy agreement (when using a KFH agreement, this may vary if a landlord uses his own agreement)||£210 per tenancy|
|Referencing – individual applicant or guarantor||£60 per person|
|Referencing – company tenant or guarantor||£66 per application|
|ID verification – additional adult occupant||£6 per person|
|Inventory check-in||£130 per tenancy|
|Holding deposit, typically||1 x week’s rent*|
All offers are subject to contract and the holding deposit will be held against our expenses in processing your application. Please be aware that if you make an offer which you later withdraw, or which is aborted due to poor references or false information, then you may lose all or some of the above. Please ask us for further details.
*If your offer is accepted then this amount will be set off against the initial rental payment, so you are not making this payment twice.
References and Right to Rent
All applicant references are undertaken by an independent specialist referencing company. You will be asked to complete their online application form.
You will need to provide us with proof of your right to rent a property in England, in line with the immergration Act 2014 and to prove your current address (such as an original bank statement, credit card, utility bill, council tax demand, etc. dated within the last 3 months). We will take a photocopy and return the originals to you. We cannot accept photocopies, faxes or scanned copies from you.
Offer accepted stage
If your offer is accepted (subject to contract) then before the tenancy starts you will need to make the following payments to us by cleared funds, which are usually:
|Rent (less the holding deposit already taken as above)||1 x month’s rent|
|Security deposit||6 x week’s rent|
However this may vary depending on the individual landlord’s instructions and requirements. Further rents will be taken by direct debit from one nominated UK bank account.
All deposits held by us for assured shorthold tenancies will be protected by the Tenancy Deposit Scheme (TDS).
Preparation of renewal tenancy agreement £210 per tenancy
Further Right to Rent ID verification (if necessary) £6 per adult occupant
If you require a reference for a tenancy or mortgage, etc. £42 per reference
Amendments or changes to the tenancy terms
Should you wish to make any changes or amendments to the terms of the agreement once the tenancy has started then, dependent upon your landlord agreeing, we will draw up an addendum to the agreement.
(paid by the party requesting the amendment, but may be shared between both parties, if agreed)
If, for any reason, you request your landlord to agree to ending the tenancy earlier than the end date set out in the tenancy agreement (or in line with any break clause included in the tenancy agreement) then he/she does not have to agree to this. However should your landlord agree, then he/she can ask you to reimburse him/her for any financial loss he/she might suffer as a result. This may include:
|The equivalent of the letting fee already paid by your landlord to us from the date you wish to end the tenancy until the date you could contractually end the tenancy (calculated as a daily rate)||Variable|
|The landlord’s cost of the preparation of a new agreement||£210|
|The cost of an inventory check-out||£130|
Change of sharer
Your landlord does not have to agree to you changing any of the named tenants during the tenancy term. However he/she may agree to do so subject to you reimbursing him/her for any financial loss he/she might suffer as a result of ending one tenancy early and creating a new tenancy. This may include:
|The cost of the preparation of a new agreement||£210|
|The cost of an inventory check-out||£130|
|Referencing proposed new tenant(s)/guarantor(s)||£60 per person|
|Re-referencing current tenant(s)/ guarantor(s) (at landlord’s request)||£60 per person|
|Further Right to Rent ID verification (if necessary)||£6 per adult occupant|
|Tenancy deposit protection administration charge||£30|
Generally you will pay the rent to KFH by direct debit, to be credited to your landlord’s account. However if you pay rent directly to your landlord and he/she is resident outside the UK for more than six months of the year, then you will be responsible for deducting income tax from your rent (at basic rate) and accounting for this to HM Revenue and Customs on a quarterly basis, unless HMRC confirm to you direct and in writing that you do not need to do this.