Holding Deposit (per tenancy): One week’s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw 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 (or other Deadline for Agreement as mutually agreed in writing).
Security Deposit (per tenancy): Five weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent: Interest at 3% above the Bank of England 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 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. 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 device(s).
Variation of Contract (Tenant’s Request): £50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant’s Request): £50 (inc. VAT) per replacement tenant 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 preparation and execution of new legal documents.
Early Termination (Tenant’s Request): Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all 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.
TENANT FEES SCHEDULE FOR ALL ASSURED TENANCIES
BEFORE YOU MOVE IN
Company Referencing Fee: £150.00 (inc. VAT)
Guarantor Fees: £145.00 (inc. VAT) per guarantor. Covering credit referencing and preparing a Deed of Guarantee (or as part of the Tenancy Agreement).
Security Deposit (per tenancy): Five weeks’ rent (standard amount) but this may be increased, subject to agreement between Landlord and Tenant, should the Tenant have any pets or Landlords request higher deposit. This covers damages or defaults on the part of the tenant during the tenancy.
DURING TENANCY
Renewal Fees (Tenant’s Share): £60.00 (inc. VAT) per tenancy Contract negotiation, amending and updating terms and arranging for the signing of a further Tenancy Agreement/Company Letting Agreement.
Variation of Contract (Tenant’s Request) – Including Change of Approved Occupier:£50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
Cancelled Management Visit: £18.00 (inc. VAT) This may be made to Tenants that cancel Management Visit appointments less than twenty four hours beforehand.
END OF TENANCY
Check out Fee: £75.00 (inc. VAT) per tenancy. Attending the property to undertake an updated Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit.
Early Termination (Tenant’s Request): Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all 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.
Order for Possession: To pay the Landlord's full costs of obtaining and enforcing an order for possession if the Tenant does not give up vacant possession upon expiry of a valid notice seeking possession served by the Landlord or his Agent, and the Landlord is subsequently granted an order for possession by a court.
OTHER FEES AND CHARGES
Unpaid Rent/Returned Payments: Bank charges incurred by Landlord or Agent in relation to non-payment of Rent.
Lost Key(s) or other Security Device(s): 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. 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 device(s).
Breach of terms of the tenancy: In the case of a breach of the terms of the tenancy by the Tenant, a charge for reasonable costs may be made in addition to the costs of any remedial work, in order to compensate the Landlord or his Agent for their reasonable expenses including the full cost of taking legal advice and legal action in relation to any breach of the terms of the tenancy by the Tenant.
