Tenants Fees

 Applicable to all new assured shorthold Tenancies (ASTs) signed on or after 1st June 2019

Holding Deposit

This is organised by a third-party letting agent. capped at One weeks rent.

Paid by you to reserve the Property. Reasonable costs incurred will be deducted from the holding deposit if any relevant person (including any guarantor(s)) withdraws from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days.

Deposit

Capped at 5 weeks rent where the annual rent is under £50,000 and 6 weeks rent where the annual rent is £50,000 or higher.
This will cover damages and defaults by the tenant as detailed in the AST during the tenancy.

Late payment of Rent

Interest will be charged at 3% above the Bank of England Base Rate from Rent Due date until paid in full. This will not be levied until the rent is more than 14 days in arrears with the interest calculated back from the first day of the arrears.

Lost Keys or security devices

Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant.

Variation or changes to an existing tenancy agreement

£50.00 (inc. VAT) per change.
This charge will cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents. This also covers costs in ‘change of sharer’ situations and covers the landlords’ costs in securing a new sharing and associated legal requirements in processing that new sharers application.

Early Termination as requested by Tenant

Should you wish to leave the property before the end of your tenancy agreement, and should the landlord agree to this, then you will be liable to cover all costs and losses incurred by the landlord as well as any rent due under the terms of your tenancy agreement up until the point the replacement tenancy commences.
In addition, the Agent can charge maximum of £50 inclusive for drawing up the relevant documentation.

Utility Payments

Tenants will remain responsible, unless agreed otherwise, for all utility payments, TV licence and Council Tax accounts. Please refer to your AST for full information.

TENANT FEE INFORMATION

For Non-Housing Act tenancies (for example, company let, or non-main residence)

Tenancy Renewal Fee £150 including VAT (£125.00 + VAT)
Inventory Cost £126 including VAT (£105.00 + VAT)
Referencing per tenant or guarantor £60.00 including VAT (£50.00 + VAT)
Right To Rent Check per tenant or permitted occupier £12.00 including VAT (£10.00 + VAT)
The Property Ombudsman – www.tpos.co.uk
Propertymark – www.propertymark.co.uk