Tenants Fees

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Short and Long Term Rental Administration Fees

Draker will not charge you any administration fees when you proceed with an Assured Shorthold Tenancy (AST). Most tenancies will be an AST but if you are unsure please do contact us directly for reassurance.

If you proceed with an agreement which is not an assured shorthold tenancy, such as a company let, this agreement will be subject to an administration fee of £420 +VAT (£504)

This includes preparing any necessary paperwork including the tenancy agreement, carrying out fraud checks and references per Tenant, undertaking Right to Rent checks and protecting the deposit. At the end of your tenancy, should you wish to renew, subject to contract, we will charge an admin fee of £200 +VAT (£240) to prepare the paperwork.

If you wish to terminate any tenancy before the legal date of termination and your Landlord agrees to such earlier termination then you will be liable for any proportion of the commission payable by the Landlord for that period which would remain unexpired had the tenancy run its full term. This will not apply in the event that the tenancy agreement recites an agreed break clause.

Please do not hesitate to ask a member of staff for further information.

Deposit:

As part of your new Tenancy we will request a deposit for any short or long term letting.

Where the rent is £50,000 or less per annum you will be asked to pay a five-week deposit.

Where the rent is above £50,000 per annum you will be required to pay a six-week deposit.

Charges which may occur during the tenancy:

  • Change of Occupancy: £50 inc.VAT

  • Amendment to Tenancy Agreement: £50 inc.VAT

  • Lost keys: we reserve the right to charge a default fee for the replacement of a lost key/security device. This will usually be for the callout charge of a locksmith or the cost obtain a new set of keys. Receipts and invoices can be provided upon request.

Inventories:

For any non-housing act tenancies, you may be required to pay for a check in or check out inventory report. We will send the price list to you when applicable and book in any works at a time convenient to you.

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For any help or advice, please do get in touch.

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