Fees and terms for tenants
Deposit
| Deposit for a long let tenancy | Equivalent to five weeks' rent |
| Deposit for a short let tenancy | Minimum of £500 subject to length of short let tenancy |
Other fees
| Contract variation, novation, amendment or change of occupant at the tenant’s request within an existing tenancy | £50 |
| Default fee of interest on late rent if rent is more than 14 days overdue | 3% above Bank of England base rate |
| Default fee for lost keys or other respective security devices | Actual cost of replacement |
Fees for non-Assured Shorthold Tenancies / non-Licences
| Tenant fee | £250 per person |
| This is fixed-cost fee that can cover a variety of works depending on the individual circumstances of each tenancy, including but not limited to conducting viewings, negotiating the tenancy, verifying references, undertaking Right to Rent checks (if applicable) and drawing up contracts. It is charged on a per individual basis – not per tenancy. The charge will not exceed £250 inc VAT per individual and will only be applied to the first four individuals entering into the tenancy where there are more than four individuals taking occupation of the property. The charge will not exceed this sum unless you request or cause one of the specific additional services or fees set out elsewhere in this document. | |
All fees unless otherwise stated are inclusive of VAT
Client Money Protection
Exedra Management Limited t/a Leo Newman is provided by Propertymark. The scheme accounting rules, as well as our conduct and membership rules, can be found in the Propertymark Conduct and Membership Rules.
Standard Fees & Terms for Tenants
Leo Newman fees and terms for tenants
Standard Fees & Terms for Short Let Tenants
Leo Newman fees and terms for Short Let tenants
Credit Card Fees
Leo Newman passes on any credit card costs to applicant/buyer.
Corporate Services
For Corporate fees and terms please contact your local office.