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Under the terms of the Tenant Fee Act if you enter into an
ASSURED SHORTHOLD TENANCY, payments which may apply will be as follows:
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First month’s rent
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in advance
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Tenancy Deposit
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5 or 6 weeks depending upon the rental amount
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Holding Deposit
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maximum one week’s rent
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Early termination when requested by the tenant
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a charge not exceeding the financial loss experienced by the landlord
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Default charge for late payment of rent
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limited to interest charged at 3% above Bank of England base rate, when rent is more than 14 days late
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Default charge for replacement of lost key or security device
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equivalent to cost incurred
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Changing the tenancy documents after the commencement of the tenancy
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£50
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A Non Housing Act Tenancy is formed when one of the following criteria is in place:
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The annual rent exceeds £100,000
The property is occupied by an entity (Company let) rather that an individual
The property is not used as a main or primary home
There is a Resident Landlord
If you are in any doubt as to the type of tenancy which will apply to you, please speak to member of our staff.
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Under the terms of the Tenant Fee Act if you enter into a
NON HOUSING ACT TENANCY, payments which may apply will be as follows:
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Cost
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Check-in Fee checking into the property and reviewing inventory
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minimum of £72
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Tenancy Agreement and Setup drafting and execution of document if supplied by us
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£300
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Administration Fee set up of monthly standing order for rental payments, collecting and holding the Security Deposit as Stakeholder, issuing protection certificates
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£50
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Company Referencing Fee verification of details, credit check and Companies House check
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£175
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Individual Reference Fee (per person)
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£75
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Extension Agreements Fee negotiating and drafting extension to the fixed term
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£125
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Damage Fee checking replacement item with inventory and arranging for damage to be rectified on conclusion of tenancy
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£90
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Arrears Fee
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£30
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Pet Licence
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£75
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If there are any guarantors for the tenancy:
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Guarantor Referencing Fee inc verification of details, credit check, employer and accountant reference (if available)
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£100 per guarantor
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Deed of Guarantee Fee drafting Deed, negotiating clauses and executing document
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£75
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