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Compliance

LEASE FOR LIFE HOUSING GROUP LTD
FEES & COMPLIANCE INFORMATION

Lease For Life Housing Group Ltd is committed to transparency and compliance with all applicable letting

agency legislation.

LANDLORD FEES

Lease For Life Housing Group Ltd provides a range of property services, including tenant introduction,

letting, rent collection, property management, and bespoke property arrangements.

Our landlord fees are:

Let-only service

20% plus VAT of the agreed rent, payable for sourcing a suitable tenant, conducting referencing checks,

completing compliance checks, and preparing the tenancy agreement.

Rent Collection Service

10% plus VAT of the monthly rent, covering rent collection, administration and monthly statements.

 

Full Management Service

25% plus VAT of the monthly rent, including rent collection, tenant liaison, routine inspections, repair coordination, and ongoing property management.

 

Tenancy Renewal Fee

£0

 

Serving Notices / Possession Support

£300 plus VAT per notice, for preparing and serving statutory notices and assisting with possession-related

documentation where required.

 

Additional Services

Inventory and check-in/check-out reports

£300 plus VAT

Additional property inspections outside the agreed management service

£150 plus VAT

 

Bespoke management agreements, corporate lets, guaranteed rent structures, whole-building

arrangements and specialist housing projects may be agreed individually, depending on the scope of

service, responsibilities undertaken, and commercial terms agreed with the landlord.

1We do not charge any fees to landlords that are prohibited by law, and we will always confirm all fees in writing before you instruct us.

TENANT FEES

In line with the Tenant Fees Act 2019, Lease For Life Housing Group Ltd only charges tenants permitted

payments allowed under the legislation.

The payments you may be asked to make in connection with a tenancy are listed below.

Holding Deposit

A refundable holding deposit equivalent to no more than one week’s rent.

This will be offset against the first rent payment once the tenancy is granted.

Tenancy Deposit

A refundable tenancy deposit capped at:

• no more than five weeks’ rent where the annual rent is less than £50,000; or

• six weeks’ rent where the annual rent is £50,000 or more.

Rent

Rent is payable as set out within your tenancy agreement, usually monthly in advance.

DEFAULT FEES

Late Payment of Rent

Where rent remains unpaid for more than 14 days, interest may be charged on the outstanding amount at

no more than 3% per annum above the Bank of England base rate.

Lost Keys, Fobs, Access Cards, Security Devices or Locks

Where replacement is required due to loss, damage, or actions of the tenant, the tenant will be responsible

for the reasonable costs incurred.

Costs will depend on the circumstances, including:

• the type of replacement required

• whether a locksmith call-out is necessary

• time/day of attendance

• whether locks or security systems require replacement

2. Where possible, the tenant will be invoiced directly by the locksmith or contractor.

Any charges passed on by Lease For Life Housing Group Ltd will reflect the actual evidenced cost incurred,

with invoices or receipts provided.

No additional administration charge will be applied unless permitted by law.

VARIATION, ASSIGNMENT OR NOVATION OF TENANCY

Where a tenant requests a variation, assignment, change of sharer, or other permitted amendment to the

tenancy agreement, a charge of £50 inclusive of VAT may apply, or reasonable evidenced costs if these are

higher.

EARLY TERMINATION (TENANT REQUEST)

Where a tenant requests to end their tenancy earlier than their contractual or statutory notice obligations

allow, and the landlord agrees, the tenant may be responsible for reasonable costs incurred as permitted by

law.

This may include the landlord’s reasonable losses and evidenced costs directly resulting from the early

termination but will not exceed the rent payable for the remaining period of the tenancy.

UTILITIES, COUNCIL TAX AND OTHER HOUSEHOLD SERVICES

Where the tenancy agreement states that utilities, council tax, broadband, television licence, or other

Household services are excluded from the rent; these remain the responsibility of the tenant(s).

In shared accommodation, including HMOs, tenants may arrange these accounts directly between themselves

themselves, nominate a resident to manage household contributions, or choose to use an independent bill

management provider.

Lease For Life Housing Group Ltd may assist tenants with coordinating information relating to utilities and

household services where required.

Any payments collected for utilities or household services relate only to the tenant’s agreed household

liabilities and are not administration charges or tenancy fees.

All utility contributions will relate to actual household costs payable under the tenancy agreement.

Lease For Life Housing Group Ltd does not charge tenants any compulsory fees other than permitted

payments allowed by law.

CLIENT MONEY PROTECTION (CMP)

Lease For Life Housing Group Ltd holds Client Money Protection in accordance with the Client Money

Protection Schemes for Property Agents Regulations.

Full Scheme Name

Propertymark Client Money Protection Scheme

Membership / Reference Number

C0141584

Renewal / Expiry Date

30 June 2027

You can view and download our current Client Money Protection certificate here:

CMP Certificate 

CMP Security Certificate

A copy of our Client Money Protection certificate is also available to view at our office on request.

All client money is held in designated client accounts with a bank authorised by the Financial Conduct Authority

Authority, in accordance with the scheme rules and applicable regulations.

PROPERTY REDRESS SCHEME

Lease For Life Housing Group Ltd is a member of an approved independent redress scheme.

Scheme Name

Property Redress Scheme

Membership Number: PRS037962

Renewal / Expiry Date: 13 February 2027

A copy of our Property Redress Scheme membership details is available to view upon request.

COMPLAINTS

We do not charge any other fees to tenants.

If you are ever asked to pay a fee that is not listed above, please contact us immediately so we can

investigate.

complaints@leaseforlife.co.uk

© 2021 by Lease for Life Housing Group LTD

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