register to buy

Tenants Fees & Charges

Hobarts’ Fees & Terms for Tenants

Quick Guide To Fees

(all fees are inclusive of VAT)

Standard Administration Fee (per tenant)
£135.00

Agreement Fee
NO CHARGE

Reference Fee
NO CHARGE

Tenancy Renewal Fee
NO CHARGE

Deposit Registration
NO CHARGE

End of Tenancy Landlord Reference

(where Hobarts are managing agents)
NO CHARGE

Inventory Check In
NO CHARGE

Inventory Check out (if required)
(variable – see below)

Guarantor Fee (if required)
£135.00 inc VAT

Additional/Replacement Occupiers (during a tenancy)
£150.00

For further information on the above charges and our tenant terms please see below.

Standard Administration Fee

An administration fee of £135.00 (inclusive of VAT) is chargeable per tenant and is payable upon signing of a legally binding tenancy. Hobarts do not charge an additional fee to draw up the initial tenancy agreement. Hobarts operate a fair fee policy whereby we believe a standard fee per tenant is fairer than charging an agreement fee, regardless of the type of property. That way, whether you are moving into a studio or a 5 bedroom house, every tenant pays the same.

If for any reason any charges remain outstanding at the end of the tenancy Hobarts will deduct the amount due from the tenancy deposit.

References

Hobarts have a duty of care to a landlord to ensure that all tenants are suitable for the property they wish to rent. Therefore we will perform reference checks on tenants based on the information you have supplied to us. Tenant referencing fees are included in our standard administration fee (see above), however if a tenant requires a guarantor to be referenced in order to successfully pass their own reference, an additional guarantor fee of £135.00 (inclusive of VAT) is payable.

References will be carried out by a professional, independent reference company and will include an employment/income reference, previous landlord reference and credit check. Reference reports will be provided to our client landlord so they can make an informed decision on granting a tenancy.

Tenancy Deposit

(to cover damages, dilapidations etc.)

A deposit equivalent of six week’s rent must be paid in cleared funds before a tenancy can commence. In some circumstances a deposit equivalent to one month’s rent may be permitted if a property is unfurnished, upon prior agreement with a landlord. It should also be noted that some landlords may request the equivalent of eight week’s rent as a deposit if permission is given for a pet to reside in the property.

Your deposit will be held for the duration of the term on behalf of the landlord by Hobarts as Stakeholder and registered with the Tenancy Dispute Service scheme. In some circumstances a landlord may hold the tenancy deposit but will only be permitted to do so upon confirmation of registration within an approved government deposit scheme.

back to top

Rent

A deposit equivalent of six week’s rent must be paid in cleared funds before a tenancy can commence. In some circumstances a deposit equivalent to one month’s rent may be permitted if a property is unfurnished, upon prior agreement with a landlord. It should also be noted that some landlords may request the equivalent of eight week’s rent as a deposit if permission is given for a pet to reside in the property.

Inventory, Check-ins and Check-outs

In order to avoid a deposit dispute at the end of the tenancy and therefore protect not only the landlord(s) interest but the prospective tenant(s), Hobarts will arrange a professional inventory via an independent company. Unless agreed otherwise beforehand, the ingoing tenant(s) will be responsible for payment of the preparation of the inventory and ‘check in’, at the commencement of the tenancy and the landlord will responsible for payment of the inventory ‘check out’, at the end of the tenancy.

Prices for inventory’s and check out’s vary depending on the type of property that you are renting; costs vary from £135.00 to £220.00 + VAT and can be confirmed with Hobarts prior to commencement of the tenancy.

Renewal of Tenancy

Please contact us as soon as possible if you wish to extend or renew your tenancy. There is a fee of £60 plus VAT for each renewal of the tenancy agreement.

Change of Tenant and/or Additional Occupiers

It is a tenant’s responsibility to obtain written authorisation from a landlord to either change, or add an additional tenant to a tenancy. Upon receipt of authorisation Hobarts will charge £150.00 (inclusive of VAT) to draw up a new tenancy agreement/and or deed for signature by all parties. Any replacement or additional tenant will also be subject to Hobarts standard administration fee of £135.00 (inclusive of VAT).

Early Termination of a Tenancy

Should a landlord give you authorisation to terminate your tenancy before the end of the fixed term, you will be responsible for reimbursing the landlord any refund of commission that Hobarts charged the landlord on a pro-rata basis, unless you are exercising a break clause contained in your tenancy agreement. You should confirm such fee’s with Hobarts before finalising any such agreement with the landlord.

Hobarts reserve the right to amend these terms and fees in future. Any changes to these terms and fees shall be advertised accordingly.

back to top

A Guide To Renting

Renting a property needn't be difficult! We have a Guide To Renting that you may find useful, with information about what you need to know in advance, about the property and during tenancy.

Read the Guide

Letting Your Home

Hobarts manage a large portfolio of rental properties throughout North London and Hertfordshire. We can help you with all the practical aspects of letting your home. 

Find out more here