Existing Tenancies – Pre June 1st 2019

Existing Assured Shorthold Tenancies (ASTS) And All Assured Tenancies

Before You Move In

Set-up Fees (Tenant’s Share): £240 (inc. VAT) per tenancy

Referencing for up to two tenants (ID checks, Right-to-Rent check, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability) as well as contract negotiation (amending and agreeing terms) and arranging the signing of the tenancy agreement.

Additional Tenant Referencing Fees: £120 (inc. VAT) per tenant

As Set-up Fees above for additional tenants.

Guarantor Fees: £120 (inc. VAT) per guarantor

Covering credit referencing and preparing a Deed of Guarantee (or as part of the Tenancy Agreement).

Inventory Fees: See attached Schedule. Dependant on the number of bedrooms and/or size of the property and any outbuildings.

Pet Deposit: Additional Security Deposit of 4 weeks’ rent

To cover the added risk of property damage. This will be protected with your security deposit in government- authorised scheme and may be returned at the end of the tenancy.

During Your Tenancy

Renewal Fees (Tenant’s Share): £120 (inc. VAT) per tenancy

Contract negotiation, amending and updating terms and arranging for the signing of a further tenancy agreement.

Variation of Contract Fees: £240 (inc. VAT) per request

To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of
new legal documents.

Change of Sharer Fee: £240 (inc. VAT) per replacement tenant

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.

Ending Your Tenancy

Check out Fee (Tenant’s Share): £TBC

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:

£ Requires calculation per tenancy plus all rent due under the tenancy until the start date of the replacement tenancy. Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

Future Landlord Reference Fee: £60 (inc. VAT) per request

Collating information and preparing a reference for a future landlord or letting agent.

Other Fees And Charges

Lost Key(s) or other Security Device(s): £120 (inc. VAT) plus item cost

Obtaining necessary permissions, sourcing providers and travel costs.

Out of Hours Service: £120 per hour (inc. VAT) plus any actual costs incurred

Where actions of the tenant results in the agent (or nominated contractor) attending the property, their time to remedy the situation is charged at the prevailing rate.

Rent Arrears / Returned Payments: £60 (inc. VAT) per letter, telephone call or email requesting payment plus interest at 8% above Bank of England Base Rate from Due Date until paid on any outstanding sums in order to cover the agent’s costs associated with chasing unpaid rent.

Duplicate Document(s): £60 (inc. VAT) per document

To cover the agent’s costs associated with providing additional copies of any paperwork (tenancy agreement, Inventory, Schedule of Condition etc.) when requested by a tenant.

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