Fees applying to all new tenancies from 1st June 2019
We may charge a tenant any or all of the following when required:
- the rent;
- a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year;
- a holding deposit of no more than one weeks’ rent;
- default fee for late payment of rent (after 14 days);
- reasonable charges for lost keys or security fobs;
- payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant;
- payments associated with early termination of the tenancy, when requested by the tenant; and
- payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.
Fees applying to all pre-existing tenancies entered before 1st June 2019
We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020.
Summary of Tenant Charges
| REFERENCE FEE |
VAT 20% |
Total |
| £100.00 per person |
£20.00 |
£120.00 |
| £110.00 tenants with a guarantor |
£22.00 |
£132.00 |
| £125.00 for a company let application |
£25.00 |
£150.00 |
The reference fees does not cover any charges the referees may make to you for providing a reference.
HOLDING DEPOSIT
In addition to the application fee, you will need to pay £100 per person to hold the property. This holds the property for a period of 10 days within which you are required to send all the necessary paperwork back to us. After this time, if the paperwork and references have not come back satisfactory, then the landlord is within their rights to put the property back on the market, and to look for new tenants. In this scenario, any fees you have paid will not refunded.
If your application is successful, then the holding deposit will be put toward the first month's rent & deposit.
REFUND OF ABOVE FEES
Should your application not be successful, the above fees will not be refunded.
If you are part of a group, each individual member of the group must pass the references. If one or more does not pass & the application fails, then none of the fees will be refunded to any tenant.
Should the landlord withdraw from the let, all monies will be refunded. This refund will be made by cheque, regardless of how the initial money was paid.
The above payments can be made by cash or other equivalent cleared funds.
ADMINISTRATION FEES
This fee is for the drawing up of contracts, administration and the protection on the deposit. This fee is also payable if the tenancy is renewed and is per tenancy not per person
| FEE |
VAT @20% |
COST |
| £125.00 per tenancy – up to two tenants |
£25 |
£150.00 |
| £175.00 per tenancy – three to four tenants |
£35 |
£220.00 |
| £200.00 per tenancy – five tenants and over |
£40 |
£240.00 |
INVENTORY COST
To avoid disputes between the landlord & tenant, an inventory will be prepared at the
start of the tenancy & there will be a Check In, the landlord will pay for these.
At the end of the tenancy there will be a Check Out that the tenants will pay for.
DEPOSIT
Our Landlords require a deposit equivalent to one and a half month's rent. This deposit is held until the end of the term and refunded subject to any dilapidations.
RENTAL PAYMENTS
Rental payments need to be paid either by standing order or bank transfer. If you choose to pay your monthly rental on a debit card there will be an additional charge of 2% if it is paid on a credit card there will be an additional charge of 4% on the amount paid.
ADDITIONAL WORKS
The property has been taken as seen, and no work will be undertaken on the property unless agreed in writing.
The payment will be divided equally between all parties and if group members have arranged otherwise, this will need to be settled privately and not via the agent.
