Studiobeds Commercial For RentFor Sale

Docklands Estates are pleased to offer for rent this large commercial unit located in the heart of Canary Wharf. Three floored unit, good for a variety of uses subject to planning. Available

Docklands Estates (Wapping) Ltd
tenant charges fees – assured shorthold tenancy (AST)
before you move in
• holding deposit Equivalent to one week’s rent.
• security deposit
Equivalent to five weeks rent (six weeks if annual rent is
over £50,000.00).
• first month’s rent In advance
during your tenancy
• change varaiation of
contract fee (Tenant request) £75.00
• early release fee (Tenant request)
A charge not exceeding the landlords’ costs in re-letting
the property, including all rent due under the tenancy until
the replacement tenancy.
Other fees and charges
• late payment of rent
Interest will be charged at 3% above the Bank of England
base rate for any rent that remains unpaid for 14 days or
more.
• key(S) fob replacement Equivalent to the costs incurred with the replacement.
Tenant fees for non -ASTs
before you move in
• holding deposit Equivalent to two week’s rent.
• contract setup fee £275.00
• reference fee £60.00 (per person, guarantor, company)
• deposit Equivalent to six weeks’ rent (unless otherwise agreed).
During your tenancy
• change of sharer
£450.00 (during fixed term) £150.00 (at renewal of fixed
term)
• early release fee £350.00
• renewal fee
£175.00 (Negotiating and drafting addendum to the fixed
term)
other fees and charges
• late payment of rent
Interest will be charged at 3% above the Bank of England
base rate for any rent that remains unpaid for 14 days or
more.
• arrears letter £25.00 per letter
• key(S) fob replacement Equivalent to the costs incurred with the replacement.
• professional cleaning
Equivalent to the cleaning company charge. Levied when
property is not returned in the same condition as it was at
the commencement.
Please speak to a member of our lettings team if have any questions on any the above.
Docklands Estates (Wapping) Ltd is a member of the
Property Redress Scheme and has Client Money
protection with UKALA.

Docklands Estates (Wapping) Ltd
landlord fees
let only service: 12% (10% plus VAT)
For example: If the tenancy is 12 months and the rent is £1,000 per month, the fee
calculated shall be 12% of the annual rent, so the fee will be £1,440. Minimum
commission charge is £1,500 (inc. VAT).
This commission will be charged in advance on an annual basis for the whole
time the tenant stays in the property.
For example: If the tenancy continues for a second year or any subsequent year, the
commission will be charged on the annual rent for that year. If there has been an
increase in rent, for example to £1,200 per month, the fee calculated shall be 12% of
the annual rent so the fee will be £1,728 (inc. VAT).

Rent collection service: 14.4% (12 % plus VAT)
For example: If the tenancy is 12 months and the rent is £1,000 per month, the fee
calculated shall be 14.4% of the annual rent, so the fee will be £1,728 (inc. VAT).
Minimum commission charge is £1,500 (inc. VAT).
This commission will be charged in advance on an annual basis for the whole
time the tenant stays in the property.
For example: If the tenancy continues for a second year or any subsequent year, the
commission will be charged on the annual rent for that year. If there has been an
increase in rent, for example to £1,200 per month, the fee calculated shall be 14.4%
of the annual rent so the fee will be £2,073.36 (inc. VAT).

Full management service: 18% (15% plus VAT)
For example: If the tenancy is 12 months and the rent is £1,000 per month, the fee
calculated shall be 18% of the annual rent, so the fee will be £2,160 (inc. VAT).
Minimum commission charge is £1,500 (inc. VAT).
This commission will be charged in advance on an annual basis for the whole
time the tenant stays in the property.
For example: If the tenancy continues for a second year or any subsequent year, the
commission will be charged on the annual rent for that year. If there has been an
increase in rent, for example to £1,200 per month, the fee calculated shall be 18% of
the annual rent so the fee will be £2,592 (inc. VAT).

Short term let 30% (25% plus VAT)

landlord charges
tenancy agreement fee: £300 (£250 plus VAT)
insurance claims: £120.00 (£100 plus VAT)per hour
reference fee: £60 (£50 plus VAT)
serving A notice: £120 (£100. Plus VAT)
deposit registration fee: £120.00 (£100 plus VAT)
key cutting service: £20.00 plus cost of keys
inventory check out: £60 (£50. Plus VAT) plus the
inventory charge based on the size of the property.
Deposit transfer: £120 (£100 plus VAT) for the transfer of a deposit to another party during the tenancy.
Attending court: £180 (£150 plus VAT) per hour
senior management: £300 (£250 plus VAT) per hour
Director deposit disputes:£120.00 (£100 plus VAT) per hour to respond to deposit disputes
certificates complaince checks: £30 (£25 plus VAT) arrangement fee plus the cost of the certificate or check
additonal property visits: £48 (£40 plus VAT) per visit or per hour to allow access for a contractor to carry out works
licensing £360.00 (£300 plus VAT) plus the local authority licence fee
sale of property to tenants: 2.4% (2% plus VAT) of agreed sale price (see terms for full details)

Please refer to our Terms and Conditions for a full breakdown of our fees. If you require any further
information please ask a member of our lettings team.

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