Letting Fees Information
When taking a property the only charges you will be liable for are:
a) The rent, utilities, council tax etc.
b) A tenancy deposit equivalent to 5 weeks rent where the annual rent is less than £50,000 or 6 weeks where the annual rent is in excess of £50,000
c) A holding deposit equivalent to one weeks rent to reserve the property. On a successful application and with the payees permission the holding deposit will be offset against the dilapidation deposit. This deposit can be forfeited should the tenant/s (or guarantor/s) withdraw from the tenancy, fails a right to rent check, provides false or misleading information, unreasonably delays responding to reasonable requests for information or fails to sign the tenancy agreement in the required time frame.
d) Changes to the tenancy when requested by the tenant – no more than £50 or reasonable costs incurred if higher
e) Payments associated with early termination of the tenancy when requested by the tenant before they are permitted to do so. Capped at the landlords loss or the agents reasonably incurred costs.
f) Payments in relation to Utilities, TV License, Communication Services and Council Tax.
g) A default fee for late payment of rent at 3% above BoE base rate if rent is more than 14 days overdue.
h) Default fee for replacement of lost keys/security device.
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 £100.00 per person; dilapidation deposit of 6 weeks rent; a Check-Out charge of between £140.00 & £190.00; any other fees or charges stipulated in the Tenancy Agreement.
