Tenant Fees Schedule
- for all NEW Assured Shorthold Tenancies (AST’s) signed on or after 1st June 2019
Security deposit - per tenancy
Five weeks’ rent.
This covers damages or defaults on the part of the tenant during the tenancy.
Interest at 3% above the Bank of England Base Rate from the 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 cost of a locksmith, new lock and replacement keys 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 device(s).
Variation of Contract (Tenant request)
£50 (inc.VAT) per agreed variation.
To cover the costs associated with taking the landlord’s instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant request)
£50 (inc. VAT) per replacement tenant or any reasonable cost incurred if higher.
To cover the cost associated with taking the 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 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 EXISTING Assured Shorthold Tenancies (AST's) signed on or before 31st May 2019
Once the landlord has accepted your application in principle, an initial application fee of £75 will be payable per tenant, £50 per guarantor. This will secure the property for you (subject to acceptable references and conract).
Along with your first months rent and security deposit, an agreement fee of £225.00 per tenancy will be payable immediately before you move into the property. Please see our individual property listings for details.
Our fees are for:
- Compiling, submitting and completing reference reports for submission to your prospective landlord
- Drawing up the tenancy agreement, including any individually negotiated clauses, drawing up a deed of guarantee, if applicable
- Arranging the necessary documents to be signed and witnessed
- Taking payment of the initial pre tenancy sign in payment and securing, until forwarding to the Landlord
- Protection and registration of your tenancy security deposit with an appropriate scheme
Please note: the application fee is payable at the point the Landlord has accepted your application in principle, subject to references. Application fees are non-refundable if the tenancy does not proceed due to you changing your mind, failing your references or credit check or should you fail to submit your online application within 5 days of receipt.
For other fees/charges/deposits that may apply prior, during or at the end of your Tenancy, please see below:-
Additional pet deposit
£200 - For the added risk of property damage, deposit refundable at the end of the tenancy as long as the tenant meets their end of tenancy cleaning obligations and no damage has been caused to the property by the pet.
Tenancy renewal fee
£60 - Tenants share of the agreement negotiation, amending and updating terms and drawing up a further tenancy agreement.
Change of Sharer (Tenant request)
£75 per replacement tenant + £100 agreement fee or any reasonable cost incurred if higher - To cover the cost associated with taking the landlord’s instructions, new tenant referencing and Right to Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Future landlord reference fee at the end of your tenancy
£20 - To collate the necessary information, prepare and send the reference.
Unpaid rent arrears
+ 5% - Interest will be charged on unpaid rent arrears at 5% above National Westminster Plc base rate from the rent due date.
Returned/recalled cheques or bank payments
£50 - To cover our administration costs to deal with your failed payment.
Abortive visits, per visit
£30 - If you are not home at a prior arranged appointment time for the Landlord, his agent or contractor to attend.
Tenancy early release fee
£250 + £354 - If the landlord agrees to release you from your tenancy obligations earlier than the end of your fixed term tenancy, and for covering the cost of your landlords set up fee for a new tenancy.
Replacement of lost/missing keys
£5 - £5 per key, plus local key cutting charge. If it is necessary for us to have the lock changed we will obtain a quote and you will be informed of the cost at the time.
Removal of pre-payment utility meters
£150 - If you have had pre-payment utility meters installed during your tenancy and they remain in situ once you have vacated we will arrange for the meters to be returned to the original.
Incorrect refuse in bins
£50 - If you vacate the property and leave incorrect refuse in bin(s) we will arrange for the bin(s) to be emptied and cleaned.
Refund of overpaid standing order
£15 - For each payment received if you do not cancel your standing order at the end of your tenancy.
£0-tbc - At the end of your tenancy, as per the terms of your tenancy agreement and inventory – price dependant on damage recorded, decorating, gardening or cleaning required.
All fees are quoted inclusive of VAT.
Please ask a member of staff if you have any queries about our fees.
Find out what our customers are saying
Sorry we won't see you to thank you in person for all your help and assistance. It has been greatly appreciated by us both.T & R.