This information is intended to inform prospective Tenants of 'professional' properties of the fees they can expect to incur during a typical tenancy. Please read and understand this information carefully before deciding whether to apply for a property. Please note that separate fees apply to 'student' properties. These can be seen on our 'Student FAQs' and Student 'How to Rent a Property' pages.
|Fee||Service Provided/Circumstances Required||How calculated||When payable|
|Rent||As consideration for renting the property.||As per the Tenancy Agreement||As per the Tenancy Agreement|
|Deposit||To protect Landlord against damage or expenses caused by the Tenant during the Tenancy||
One month’s rent + £100 when renting whole property if rent above £650 or One month's rent + £50 when renting whole property if rent below £650.
Half one month's rent for room by room lettings
|At the start of the Tenancy before keys collected|
|Changes to the Tenancy||When requested by the Tenant, for example change of sharer||£50 including VAT||When tenancy changed|
|Early release Fee||If Tenant wishes C.P. Walker & Son to advertise the property to find replacement Tenants if the Tenant is seeking an early surrender of their Tenancy (i.e. during the fixed term of a Tenancy)||Landlords Loss or Agent's Reasonable Costs||When existing tenant instructs C.P. Walker & Son to readvertise for replacement Tenants|
|Default Fee||Late payment of rent or replacement of a lost key/security device||Overdure rent or lost key/security device||
Arrears - interest at 3% above the Bank of England's annual % for each late day.
Keys - Reasonable costs incurred for replacement
CP Walker & Son is a member of the RICS and as such is covered by its Client Money Protection Scheme.
CP Walker & Son is a member of the "The Property Ombudsman" Redress Scheme - Membership Number T01394.
"I'd like to thank all at the office for being so nice and helpful throughout the 6 years you have been our letting agents. [Tenant for 6 years]"