Tenant Fees
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.
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