Tenants

Harrods Estates can help tenants looking for luxury properties to rent in London.  Now with three offices across the city's capital, each in prime locations - Knightsbridge, and Mayfair, our team of negotiators can help you to find the perfect luxury home - whether to accommodate: long lets, short lets, corporate tenants or luxury student lets. 

All clients looking to rent a luxury residence in London will be supported through each step of the lettings process.  We have linguists within our Middle East and Russian Desks who can provide further assistance. 

Tenant Requirements:

We do not charge to register tenants, host viewings or for appointment time with any of our negotiators.  If you progress with renting a property, some standard fees will apply.
 
Full breakdown of Tenant Fees (all charges are shown inc of VAT):
 
Tenancy Agreement Fee (tenant’s share): £240 – Contract negotiation (amending and agreeing terms) and arranging the tenancy
Reference Fee: £42 per tenant
Guarantor Reference Fee: £42 per guarantor
Renewal Tenancy Agreement Fee: £240 – Renewal negotiation and paperwork
Inventory check-out cost (paid at the end of the tenancy):  The charge made by the Inventory Company will vary depending on the size of the property and whether furnished/unfurnished; as a guide, typical charges range from £170 to £750. 
The landlord normally pays for the Inventory and Check In
 
Deposit payments
 
Holding Deposit: Usually the equivalent to two weeks rent – this does not form part of the Deposit under the terms of the Tenancy Deposit Scheme. 
When the tenancy proceeds these monies will be deducted from the total balance due before the commencement of the tenancy
 
Deposit: Usually the equivalent to six weeks rent (unless otherwise agreed)
 
Other fees and charges that may apply
 
Unpaid Rent / Returned payments Interest at 4% above Bank of England base rate calculated daily from due date  
 
Late Payment Fee £30 (inc VAT) for each occasion an individual rental instalment is overdue by 14 days
 
Stamp Duty Land Tax: This tax is payable on tenancies where the rent exceeds £125,000. Please contact HMRC directly for further information https://www.gov.uk/stamp-duty-land-tax
 
Professional cleaning (end of tenancy): Tenants are usually responsible for professional cleaning at the end of the tenancy – the cost will vary depending on the size and nature of the property and is only necessary to return the property to the same condition (as evidenced by the Inventory) at the start of the tenancy.  Harrods Estates do not make any additional charges for this but the cost may be deducted from the deposit if it has not been carried out before the end of the tenancy.

Unless stated otherwise you will also be responsible for all household bills such as gas, electric, water, telecoms, council tax and so on. If you have any questions your local lettings team will be able to help you.

Landlord Fees

For a breakdown of Landlord fees and charges, please visit our Landlord page here

ARLA

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