Property Trend operates transparently when it comes to fees and charges for its clients. For tenants, these are detailed below and where required, the sum will be the total price including VAT. They are based on guidelines set by the National Approved Lettings Scheme (NALS).

Charges in accordance with the Tenant Fee Act 2019:

Before the tenancy starts: 

  • Holding Deposit: 1 Week’s Rent
  • Deposit: 5 Weeks Rent (or in the case of rental income of more than £50,000 per annum 6 weeks rent).

During the tenancy:

  • Payments to other third parties: such as Council Tax, utilities or payments for communications services;
  • Default Charges: such as payments for the replacement of lost keys or interest on overdue rent: A fee not more than 3% above the Bank of England’s base rate for each day that the payment has been outstanding. A default fee can be charged for late payment of rent but only where the rent payment has been outstanding for 14 days or more aswell as the equivalent cost which is incurred from lost keys or security device.
  • Tenancy Transaction Charges: such as requests to vary or assign the tenancy is £50
  • Early Termination (When requested by the tenant) : A charge not exceeding the financial loss experienced by the landlord

Tenant Protection

Property Trend is not a member of a CMP scheme , which is a client money protection scheme, and also a member of The Property Ombudsman, which is a redress scheme.

Non Housing Act tenancy fees not affected by the Tenant Fee Act 2019:

Tenancy Agreement

£200 inc VAT

Extension Agreement

£125 inc VAT

Company Reference

£150 inc VAT

Administration

£50 inc VAT

Damage Fee

£90 inc VAT

Guarantor Reference per guarantor

£75 inc VAT

Deed of Guarantee

£75 inc VAT

Check-In (minimum fee)

£72 inc VAT

Arrears Fee

£30 inc VAT

Overpaid Rent Return

£25 inc VAT

Pet Licence

£75 inc VAT

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