Letting Fees Information
Depending on your circumstances and the property you select, the letting agent may also request the following upfront monies:
Before you move in
- Security Deposit(per tenancy. Rent under £50,000 per year) – Five weeks’ rent – This covers damages or defaults on the part of the tenant during the tenancy.
- Security Deposit(per tenancy. Rent of £50,000 or over per year) – Six weeks’ rent – This covers damages or defaults on the part of the tenant during the tenancy.
- Holding Deposit (per tenancy) – One weeks’ 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).
During your tenancy
- Unpaid Rent – Interest of 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).
- Change of Sharer (Tenant’s Request) – £75 (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.
- Variation of Contract (Tenant’s Request) – £75 (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.
Terminating your tenancy Early (Subject to consent being provided by your landlord)
- Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in reletting the property (typically one month’s rent plus vat) as well as all the rent and bills due under the tenancy until the start date of the replacement tenancy. These cost however are unlikely to more than the outstanding rent.
Jordan Fishwick are a Licensed Member of; ARLA PROPERTYMARK
Client money protection provided by : RICS
Independent redress provided by: The Property Redress Scheme
