Costs and charges for tenants
We are up-front with our fees and charges so you don't get a nasty shock when you find your perfect home.
We find homes for a variety of tenants, across the UK, most of whom have had very little advice or information on their rights or tenancy law. Our role goes beyond showing you properties. We explain your tenant rights for example, prior to renting. We can do this over the phone, via email or in person, in a number of languages, so contact us and we will be happy to help.
The rental process
We may find and rent a property to you within a matter of days, so you need to understand the rental process before finding a private property to rent. To protect both tenant and landlord rights you will have to go through a series of checks, referencing and sign tenancy agreements. We always want you to rent or buy through us, so we don’t just organise viewings; we help you at every stage of the complex rental process, including making and negotiating an offer.
Once you have received the best housing advice on renting, our lettings experts can provide you with a detailed tenant guide, ask for this from your local office.
Costs of renting a home
There are three types of costs you need to budget for when renting a property. The first is the cost of renting a home from a letting agent; the second, the bills you have to pay on top of the rent. The third to budget for is the deposit you will have to pay - usually the equivalent of between 6 to 8 weeks rent. Not all letting agents or landlords will explain costs up front but we believe it is important to be clear from the start.
Our tenant charges
Working with you to find a property that matches your needs is a free service we carry out on behalf of our landlords. Once we have found a home for you to rent, our charges are:
|Reference checks per person (by independent specialist)||£36 (inc VAT)|
|Reference checks for a guarantor (by independent specialist)||£36 (inc VAT)|
|Contribution to tenancy agreement||£240 (inc VAT)|
|Inventory check (paid at end of tenancy)||Dependent on size of the property|
|Extension and renewal documentation (paid at renewal)||£120 (inc VAT)|
Other bills, over and above your rent, will be explained for each individual property by one of our lettings experts.
Head of Lettings
Savills Sloane Street
139 Sloane Street
Head of Lettings Customer Relations
74 High Street
Prime Lettings Spotlight
13 January 2015
Prime London rents have risen above their peak for the first time since June 2008. Strong performances by central London and East of City markets have nudged the average prime rent to a new high, according to international real estate adviser, Savills.
Avoiding voids pays dividends for savvy landlords
08 January 2015
When managing a residential rental investment, whether a large portfolio or a single ex-family home, it is vital to understand the relationship between void periods and the overall annual return. Very little proves to be more threatening to the overall net yield that the prospect of large void period. To give context, for every month a lettings property sits empty a landlord could drop their asking price by 8% and be no worse off, says lettings investment and property expert, Savills.