ALL FEES ARE INCLUSIVE OF VAT (CURRENTLY AT 20%)
Tenants Fees For Tenancies Started after 1st June 2019
Prior to Moving In
| Holding Deposit (per tenancy)
|
1 weeks rent
|
This is to reserve a property, please note this will be withheld if any relevant person, including guarantor(s), withdraw from the tenancy, fail a right to rent check, provided materially significant false or misleading information, or fail to sign their tenancy agreement (and/or deed of guarantee) within 15 calendar days (or other deadline for agreement as mutually agreed in writing). If successful this will be credited against the first months rent. |
| Deposit
|
5 weeks rent
|
This will be protected in the Tenancy Deposit Scheme (TDS) and will be returned in accordance with the terms of your tenancy agreement. This covers damages or defaults on the part of the tenant during the tenancy. |
During your Tenancy
| Variation of Contract (tenants request) per agreed variation | £50 | To cover the cost associated with taking the landlords instructions as well as the preparation and execution of new legal documents. |
| Change of Sharer (tenants request) per replacement tenant | £50 or any reasonable costs incurred if higher | To cover the costs associated with taking landlord’s instructions, new tenant referencing and right to rent checks, deposit registration, as well as the execution of new legal documents. |
| Early Termination (tenants request)
|
Should the tenant wish to leave their contract early, they shall be liable to pay the landlord’s costs in re-letting the property as well as all the rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy. |
Other Fees & Charges
| Unpaid Rent/Returned Payment | Interest will be charged at 3% above the bank of England’s base rate from Rent Due Date until paid in order to pursue non-payment of rent. Please note: this will not be levied until the rent is more than 14 days in arrears. | |
| Lost Key(s) or other security device(s)
|
Tenants are liable for the actual cost of replacing any lost key(s) or other security device(s). If the loss results in the locks needing to be changed, the actual costs of a lock smith, new lock and replacement key(s) for the tenant, landlord and any other persons requiring keys will be charged to the tenant. If extra costs are incurred, there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security devices. | |
| Company Application Fee | £150 | For businesses only. |
Landlord Fees for Tenancies Started after 1st June 2019
Landlord Fees
| Standard Management Package
(Includes advertising, inventory, referencing, contract preparation, rent collection, deposit protection, periodic inspections, maintenance co-ordination) |
11.5% of Rent Due
(Subject to a Minimum Fee of £84)
|
| Tenant Find Only Package
(Includes advertising, referencing, contract preparation and deposit protection) |
90% of First Month’s Rent
(Subject to a Minimum Fee of £400) |
| Tenant Find & Rent Collection
(As above including rent collection) |
9% of Rent Due
(Subject to a Minimum Fee of £60) |
| Tenancy Set up Fee – For Landlord’s who already have tenants
(Includes inventory, referencing, contract preparation and deposit protection) |
£400
|
Additional Landlord Charges
| Duplication and Testing of Extra Keys | £15 plus costs |
| Tenancy Renewal Fee | £50 |
| Issuing Notice of Seeking Possession | £25 |
| Professionally Prepared Inventory
(Included free of charge in standard management package) |
£120
|
| Maintenance Repair Limit | £500 |
| Administration of Non UK Resident Landlords | £48 |
| Redirection of Mail Overseas | £20 + Postage Costs |
PLEASE NOTE: The agent shall be entitled to deduct from any deposit that may be paid by a Tenant of the Landlord’s Property any fees or other monies properly due and payable by the said Tenant to the Agent
Tenants Fees For Tenancies Started before 1st June 2019
| Tenancy Deposit Service Fee | (Per Agreement) £25 |
| Referencing & Immigration Checking Fee | (Per Person Over 18) £25 |
| Guarantor Fee | (Per Guarantor) £90 |
| Reservation & Contract Preparation Fee
(Includes check-out fee) |
(Per Property) £100
|
Landlord Fees for Tenancies Started before 1st June 2019
| Standard Management Package
(Includes inventory, referencing, contract preparation, rent collection, deposit protection, periodic inspections, maintenance co-ordination) |
10% of Rent Due
(Subject to a Minimum Fee of £84)
|
| Tenant Find Only Package
(Includes referencing, contract preparation and deposit protection) |
75% of First Month’s Rent
(Subject to a Minimum Fee of £400) |
| Tenant Find & Rent Collection
(As above including rent collection) |
7.5% of Rent Due
(Subject to a Minimum Fee of £60) |
Additional Landlord Charges for Tenancies Started before 1st June 2019
| Duplication and Testing of Extra Keys | £15 plus costs |
| Tenancy Renewal fee | £50 |
| Issuing Notice of Seeking Possession | £25 |
| Professionally Prepared Inventory
(Included free of charge in standard management package) |
£120
|
| Administration of Non UK Resident Landlords | £48 per annum |
| Redirection of Mail Overseas | £20 + Postage Costs |
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