• Interchange House, 81-85 Station Road, Croydon, CR0 2RD | Property Management | Sales & Lettings  0208 668 0000
  • Tenants guide and fees.

    Firstly, if you’re looking to rent in London and Surrey, you need to work with an excellent Letting Agent – that’s where we come in. Secondly, you need a general understanding of the process and the issues involved – that’s where the guide below comes in.

    We reference our tenants and guarantors

    Holding deposit

    Maximum of one week rent

    Refundable tenancy deposit where annual rent is less than £50,000

    Maximum of five weeks’ rent

    Refundable tenancy deposit where annual rent is less than £50,000 or above

    Maximum of six weeks’ rent

    Default fee under term of tenancy agreement

    Late payment of rent (outstanding for 14 days or more)

    Charged daily at a maximum of 3% APR plus Bank of England base rate (currently 0,75%).

    Lost key/security device

    Reasonable cost incurred

    Change of tenancy agreement at request of tenant

    Maximum £50

    Standard fees

    Admin fee

    This is a fixed-cost fee that covers a variety of works, depending on the individual circumstances of each tenancy. This includes but is not limited to conducting viewings, negotiating the tenancy, verifying references, undertaking Right to Rent checks and drawing up contracts.

    £400 (inc VAT) , £120 (inc VAT) for every additional tenant and £150 (inc VAT) for each guarantor

    Check-in fee

    This is a fee which varies depending on the type of property and the number of rooms in the property. It covers the cost for a third party inventory company to come into the property and make a check-in inventory report.

    Property Check-in fee
    Room £85
    Studio £125
    1 Bed £155
    2 Bed £205
    3 Bed £255
    4 Bed £305
    5 Bed £355

    Other fees

    Change of occupancy within an existing tenancy £300
    Letter sent by Lawson S Stone regarding late or non-payment of rent £65 for each letter sent
    Tenant reference request for other agent £35
    Tenancy renewal £175 + VAT for every tenancy renewal
    End of tenancy inventory check-out organised by Lawson S Stone depends on the size £100 – £300*

    Other fees

    ‘It is the tenant’s responsibility to pay their rent on time according to their tenancy, late payments will incur a late fee charge’.

    Late Fees: for any rent late over 14 days or more, interest can be charged at no more than an annual percentage rate of 3% above the Bank of England’s base rate for each day that the payment is outstanding.