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A bright and spacious two bedroom apartment situated on the first floor of a modern purpose built development in Acton. Ideal for a first time buyer or buy to let investor, this apartment boasts an impressive open plan kitchen/reception room, two double bedrooms and a family bathroom. Other benefits include an enclosed bike rack and an incredibly spacious communal roof terrace. Inside the apartment you have designer kitchens with a range of high-end integrated appliances, hardwood herringbone flooring and underfloor heating throughout. Alexandra House benefits from excellent transport links across London with Acton Town, South Acton and Acton Mainline stations all within short walking distance.
*Please note that the images seen reflect the property fully furnished*
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Oldham Terrace, London, W3
Address shown above is the closest found to the postcode, that has Ofcom data available
New Assured shorthold tenancies (ASTs) signed on or after 1 June 2019
Tenant Fees
1. Holding Deposit (per tenancy)
One week’s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing)
2. Security Deposit (per tenancy. Rent under £50,000 per year)
Five weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.
3. Security Deposit (per tenancy. Rent of £50,000 or over per year)
Six weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.
4. Unpaid Rent
Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
5. Lost Key(s) or other Security Device(s)
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
6. Variation of Contract (Tenant’s Request)
£50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
7. Change of Sharer (Tenant’s Request)
£50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
8. Early Termination (Tenant’s Request)
Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Landlord Fees
Schedule 1 Commission Fees and Charges
In this section, you will find all of our fees relating to all AST, non-housing act tenancies and also that for company tenancies, as explained in the types of tenancies section of the brochure.
All our fees and charges are shown inclusive of VAT
1. Letting and rent management service 11%+vat (13.2% inc vat)
This is the percentage fee calculated as a percentage of the total rent for the whole term of the tenancy including any extension or renewal. Fees payable under our Letting and Rent management service are deducted from the rent monthly, or in line with the tenancy terms, in equal amounts throughout the duration of the tenant’s occupation, plus any administrational charges applicable as outlined below and in our terms of business.
Our minimum fee for any initial tenancy fixed term period is £1,450
Multiple agency- Should you wish to instruct us on a multiple agency basis, on a letting and rent management service, our fee will be 12%+vat (14.4% inc vat), subject to the same agency introduction rights granted under a sole agency as outlined under ‘conditions of the agreement’.
2. Full Management Service (Sole Agency) 17%+vat (20.4% inc vat)
This is the percentage fee calculated as a percentage of the total rent for the whole term of the tenancy including any extension or renewal. Fees payable under our Full Management Service are deducted from the rent monthly, or in line with the tenancy terms, in equal amounts throughout the duration of the tenant’s occupation, plus any administrational charges applicable as outlined below and in our terms of business.
Our minimum fee for any initial tenancy fixed term period is £2,000
Multiple agency- Should you wish to instruct us on a multiple agency basis, on a full managmement service, our fee will be 18%+vat (21.6% inc vat), subject to the same agency introduction rights granted under a sole agency as outlined under ‘conditions of the agreement’.
If you or we decide to end our full management service, following serving the requisite notices as outlined in our terms of business, then our fee will automatically revert to our letting and rent managment service as outlined in clause 2 of schedule 1 above.
3. Short Lets (Tenancies less than 6 months)
Letting and rent management service- 24%+vat (28.8% inc vat)- subject to a minimum fee of £1,450
Full Management service-30%+vat (36%+inc vat)- subject to a minimum fee of £2,000
This is the percentage fee calculated as a percentage of the total rent for the whole term of the tenancy including any extension or renewal. Fees payable under our short-let service are deducted from the rent monthly, or in line with the tenancy terms, in equal amounts throughout the duration of the tenant’s occupation, plus any administrational charges applicable as outlined below and in our terms of business.
4. Management Only Service
If you transfer the management of your property to us that is already in tenancy either via yourself or from another agent, we charge a £300 tenancy set up fee and 6%+vat (7.2% inc vat) of the monthly rent as a management fee, deducted on a monthly basis or in line with the tenancy terms.
5. Additional charges
In addition to the core service fees outlined in clauses 1-5 above, the additional fees may apply depending on the level of service you opt for. Some fees, as outlined are charged for all tenancies.
Charges relating to all Tenancies (All Service Levels)
Service
Assured Shorthold Tenancies (AST)
Non- Housing Tenancies
Company Tenancies
Tenancy Set up fee
£330 per tenancy
Same as AST
Same as AST
Tenant Referencing (per applicant)
£54 per applicant
Same as AST
Same as AST
Guarantor Referencing (per applicant)
£54 per guarantor
Same as AST
Same as AST
Deposit Registration fee
£54 per tenancy
Same as AST
Same as AST
Inventory and Check-in
3rd party variable cost. Quote required
Same as AST
Same as AST
Landlord withdrawal fee (before move in)
£600
Same as AST
Same as AST
Tenancy Renewal Set up Fee
£210 per tenancy
Same as AST
Same as AST
Sales Commission (if tenant purchases the property)
2.4% of final sale price
Same as AST
Same as AST
Pre Tenancy Fees (All Service Levels)
Optional services for statutory tenancy compliance, provided with landlords instructions.
Service
Assured Shorthold Tenancies (AST)
Non- Housing Tenancies
Company Tenancies
Energy Performance Certificate (EPC)
£120 per property
Same as AST
Same as AST
Gas Safety Certificate (GSC)
£120 per report
Same as AST
Same as AST
Portable Appliance Testing (PAT Test)
£120 per tenancy
Same as AST
Same as AST
Electrical Installation Condition Report (EICR)
3RD party variable charge. Subject to admin fee of £30 per report
Same as AST
Same as AST
Legionella Risk Assessment
£120 per tenancy
Same as AST
Same as AST
Installing Smoke and CO2 Alarms
3rd party variable cost. Quote required
Same as AST
Same as AST
Cleaning of property
3rd party variable cost. Quote required
Same as AST
Same as AST
Handling Local Authority Licensing Application
£300 managed clients and £600 non managed
Same as AST
Same as AST
Visual Check in compliance with Homes Act 2018
£60
Same as AST
Same as AST
Optional Services (All Service Levels)
Service
Assured Shorthold Tenancies (AST)
Non- Housing Tenancies
Company Tenancies
HM Land Registry copy of Head lease or title register
£5
Same as AST
Same as AST
Key Cutting service
£12 plus cost of invoice value
Same as AST
Same as AST
Deposit Transfer fee to another party (mid tenancy)
£54
Same as AST
Same as AST
Tenancy Dispute and Arbitration preparation of documents and submission fee
£450 per tenancy (included in managed)
Same as AST
Same as AST
Payment outside the UK
£25 per payment
Same as AST
Same as AST
Same day payment to UK via CHAPS or faster payment
£25 per payment
Same as AST
Same as AST
Interest on unpaid fees or other monies due
5% above BOE base rate, calculated daily
Same as AST
Same as AST
Periodic rent review fee and serving of section 13 notice (if applicable)
£120 per tenancy
Same as AST
Same as AST
Attending the check-out and comment on the schedule of condition
£120 per tenancy
Same as AST
Same as AST
Serving a section 21 notice on your behalf
£60 (included in managed)
Same as AST
Same as AST
Court Attendance fee (per hour)
£180 and £250 for director
Same as AST
Same as AST
Additional consolidated or individual statements
£30 per request
Same as AST
Same as AST
Annual income and expenditure report
£90 (included for managed)
Same as AST
Same as AST
Submission of NRL return to HMRC
£120 per quarterly report
Same as AST
Same as AST
Additional HMRC reporting fees relating to specific enquiries
£120 per request
Same as AST
Same as AST
Permitted occupier fee
£25 per tenancy
Same as AST
Same as AST
Accompanied Check-in fee
£75
Same as AST
Same as AST
Holding a landlord licence registration
£150 per annum
Same as AST
Same as AST
Change of occupant fee
£300
Same as AST
Same as AST
Change of additional occupant (at same time)
£50 per additional occupant
Same as AST
Same as AST
For managed tenancies only (Full Management)
Service
Assured Shorthold Tenancies (AST)
Non- Housing Tenancies
Company Tenancies
Additional Property visits
£120 per visit
Same as AST
Same as AST
Follow up Right-to Rent checks
£50 per check
Same as AST
Same as AST
Handling insurance claims over £1,000
12% of value of the claim
Same as AST
Same as AST
Obtaining consent to let from mortgagee
£60 per tenancy
Same as AST
Same as AST
New Management Set up fee for an ongoing external tenancy
£300 per tenancy
Same as AST
Same as AST
Tenancy Withdrawal Fee inc transfer of deposit (mid tenancy)
£100
Same as AST
Same as AST
Works arrangement fee over £500
12% of net cost of works
Same as AST
Same as AST
Works arrangement fee over £2,500
20% of net cost of works
Same as AST
Same as AST
Waiting at property for contractors or deliveries (per hour)
£60
Same as AST
Same as AST
Vacant property visits (per visit)
£120
Same as AST
Same as AST
Sourcing landlords specific purchase items (per hour)
£50
Same as AST
Same as AST
Please ask a member of staff if you have any questions about our fees.
