Please be aware your tenancy may be subject to any of the following fees:
Tenancy Agreement Fee – this fee is charged for the drawing up of the tenancy agreements at
the start of the tenancy.
Reference fee – this fee is charged for carrying out reference checks on
prospective tenants (both individuals and companies), prospective occupiers
and guarantors. Usually the
referencing checks will be carried out by an independent referencing agency
and can include a credit check, bank reference and a previous landlord
tenant, occupier, company tenant or guarantor.
Deposit – this is a security deposit which is required from tenants to
provide security for the landlord in the event the tenant does not meet
his/her obligations under the tenancy.
The deposit is generally held by Thames Lettings and is registered
with the MyDeposits tenancy deposit scheme.
We will inform you in advance if this is not the case.
equivalent to 6 weeks’ rent (per tenancy) at the rental level agreed for the
Additional pet deposit – this extra deposit may be requested by a landlord if you are
bringing a pet (with the landlord’s agreement). The additional sum will be held and
registered in the same way as the main Deposit.
Often an amount
equivalent to 2 weeks’ rent (per tenancy) but the amount will be agreed with
you in advance if required.
Non-refundable reservation fee – when you have agreed to rent a property and
the terms of the tenancy have been agreed we will ask you to make payment of
this reservation fee. This amount will be offset against the initial amount to be paid before your tenancy commences. The amount is
non-refundable if you then decide not to proceed but should the landlord decide
not to proceed this will be refunded to you in full.
equivalent to 1 week’s rent (per tenancy) at the rental level agreed for the
Inventory fee – tenants will be expected to pay the cost of an inventory check-out
at the end of the tenancy (the landlord pays for an inventory check-in at the
start of the tenancy). The cost of
this will vary depending on the size of property and the level of furnishing
and is determined by the independent inventory company being instructed. The cost will be agreed with you in
£140 and £180 per tenancy depending on the property size and level of
Additional / replacement tenant or occupier fee – this fee is charged during a
tenancy when a tenant requests to add an extra tenant or occupier to a
current tenancy or requests to be replaced by a replacement tenant. The fee is to cover the additional
documents which will need to be created to effect the change. For the avoidance of doubt the tenant or
occupier being added will be charged the reference fee as detailed
additional / replacement tenant or occupier
Addenda or memoranda fee – this fee is charged during a tenancy when a tenant requests a
variation to the tenancy agreement which requires an addendum or memorandum
to be drawn up.
memorandum or addendum
Renewal memorandum fee – this fee is charged for drawing up the renewal documents if a tenant
agrees to extend the tenancy for a further term after the initial term.
Client Money Protection
Thames Lettings is a member of the National Federation of Property Professionals (NFOPP) Client Money Protection Scheme.
Thames Lettings is a member of The Property Ombudsman (TPOS).
If you require further information please contact us.
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