Fees To Tenants

Adam Hayes is an ARLA Propertymark Protected Licensed Member

Independent Redness provided by The Property Ombudsman

Client Money Protection (CMP) provided by Propertymark Client Money Protection

 

When taking a property the only charges you are liable for is the rent, payments in relation to Utilities, TV License, Council Tax etc, as well as the following:

HOLDING DEPOSIT (PER TENANCY) One week’s rent. This is to reserve a property.

This will be withheld if any relevant person including any guarantors 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 guarantor contract if applicable within 15 calendar days, or an extension deadline mutually agreed in writing. Please see out Tenancy Reservation Form for full terms.


SECURITY DEPOSIT (PER TENANCY) When rent is under £50,000 per year - 5 Weeks’ rent.

This covers damages or defaults on the part of the tenant during the tenancy.

SECURITY DEPOSIT (PER TENANCY) When rent is over £50,000 per year - 6 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 if rent is more than 14 days overdue.


LOST KEY(S) OR OTHER SECURITY DEVICE(S)

Tenants are liable to the actual cost of replacing any lost keys or other security devices. 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.


VARIATION OF CONTRACT (TENANTS REQUEST) £50 including VAT per agreed variation.

To cover the costs associated with processing such instructions as well as the preparation and execution of new legal documents.


CHANGE OF NAME (TENANTS REQUEST) £50 including VAT per replacement tenant or any reasonable costs incurred if higher.

To cover the costs associated with processing such instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.


EARLY TERMINATION (TENANTS REQUEST)

Should the tenant wish to leave their contract early and not be permitted to do so, they shall be liable to the landlord’s costs in reletting the property as well as all rent due under the tenancy until the start date of the replacement tenancy, which will be no more than the maximum amount of rent outstanding on the tenancy, capped at the landlords loss or the agents reasonably incurred costs.


Please Note: Costs and any default fees remain in place for all tenancies executed before 1st June 2019 and any tenancy not affected by the Tenant Fee Act 2019. This includes referencing fees of £150 including VAT per person; dilapidation deposits of 6 weeks rent; a Check-Out Charge of between £150-250 including VAT and any other fees or charges stipulated in the Tenancy Agreement.

If you have any questions on our fees, please ask a member of staff.