Tenant deposit - from 1 June 2019 landlords in England are limited to the equivalent of 5 weeks rent for new and renewed tenancies (or 6 weeks if the annual rent is £50,000 or more). This is calculated by dividing the annual rent by 52 and multiplying by 5 (or 6 if rent is £50,000 or more) and will be required to be paid at the start of the tenancy. This is subject to referencing
Default fee for late payment of rent - £0.00
Chargeable from 14 days arrears calculated on the interest at 3% above Bank of England base rate on the late payment of rent for each day that the payment is outstanding.
Loss of a key or other security device - £0.00
Landlords and letting agents can charge a tenant a fee to cover the cost of replacing the lost key or security device (e.g. Fob, electronic device for garage doors / security gates).
Payment on variation, assignment or novation of a tenancy - £50.00
When a tenant has requested it, landlords and letting agents can charge to vary, assign or replace a tenancy. Fee charge £50 (including VAT).
Payment on termination of a tenancy - £0.00
Landlords and letting agents can require a tenant to make a payment for an early termination (surrender) of the tenancy agreement at the tenant's request.
Company application fee - £100.00
£100 including VAT
Negotiating and Agreeing a renewal / extension to your tenancy (tenant share) - £114.00
One off charge for each renewal/extension Negotiating and agreeing a tenancy renewal between you and your landlord, including any special clauses or requirements which have been requested, once negotiations are finalised produce final copies for signature. This cost of this is shared between the landlord and tenant, paid for at the time of the renewal.
Rent Arrears Letter - £30.00
Cost of each rent arrears letter resulting from rent not being paid, remaining unpaid, and requesting payment
Breach of tenancy agreement letter - £30.00
Cost of breach letter resulting from the tenant breaching the tenancy agreement and requesting that the breach be stopped and remedied
Change of Sharer - £240.00
Fee to be paid where a landlord agrees to an existing joint tenant’s request to leave the tenancy and be replaced with a new joint tenant, to include cost of referencing new tenant and replacement tenancy agreement.
Payment into non-uk bank account - £30.00
Fee to be paid to cover the additional cost of making a payment into a non-uk based bank account.
Please ask us to explain these to you, once we know your circumstance and how many tenants are applying for the property you are interested in, we can confirm the fees that could become payable.