Long Term Lettings Fees to Tenants and Landlords

City Relay is a member of PRS (Property Redress Scheme) and CMP (Client Money Protect). You can find out more details on the agent’s website or by contacting the agent directly.

Tenant Fees

Before the tenancy starts payable to City Relay;

Holding Deposit: 1 week’s rent

Deposit: 5 week’s rent

During the tenancy payable to City Relay;

Payment of £50 if you want to change the tenancy agreement

Payment of interest for the late payment of rent at a rate of 3%

Payment of reasonably incurred costs for the loss of keys/security devices

Other costs

Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy

Any other permitted payments, not included above, under the relevant legislation including contractual damages.

Landlord Fees

Letting, Renewal and Rent Collection 8%+VAT

City Relay will;

Update regularly on market conditions, legislation and health & safety
Create adverts and market property on relevant property portals
Arrange and undertake viewings
Register the security deposit
Collect rent money from tenants and release to client
Chase overdue rent payments
Liaise with both tenant and landlord when renewing

Letting, Renewal, Rent Collection and Management 10%+VAT

In addition to the letting, renewal and rent collection service City Relay will:

Deal with daily management of the property including repairs
Arrange for utilities to be transferred into the tenants name
Pay contractors and deduct from monthly statement once work has been approved by the landlord
Visit the property annually and provide inspection reports at request
Monitor and arrange for the following safety checks when required; gas safety record, electrical safety tests, smoke and carbon monoxide alarms
Arrange and manage the end of tenancy process and deposit return

Tenancy set up fee £225+VAT

Tenancy renewal fee £150+VAT

Cancelling a tenancy before move in £350+VAT plus costs

Interest on unpaid fees or costs 3% above Bank of England base rate, charged daily

Inventory check-in Third party charge

Inventory check-out Third party charge

Cleaning costs Third party charge

CMP Membership Certificate