Tenants Fees Detailed
FEES TO: TENANTS
Pre Tenancy Fees (all fees are inclusive of VAT unless otherwise stated)
Referencing / Set Up Fee - £240.00
Checking identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability. Contract negotiations (amending and agreeing terms) plus arranging the tenancy and agreement.
Additional Tenant Fee - £120.00
Processing the application, associated paperwork and referencing.
Guarantor Fee - £240.00
Covering credit referencing and preparing a Deed of Guarantee as part of the tenancy agreement inspection as scheduled
Inventory & Check In & Check Out Fee - £60.00
Preparing an Inventory & Schedule of Condition of the property plus taking meter readings for utilities and services. This key hand over for the tenant takes place in the property where we can demonstrate how everything functions within the property for the tenant in a helpful way. If we discover any problems of any kind we are immediately of them and deal with sorting them out accordingly.
A deposit equivalent to 1 months rent plus £100.00 will be taken at the commencement of the tenancy
Mid and Post Tenancy Charges (all fees are inclusive of VAT unless otherwise stated) OTHER FEES & CHARGES
Tenancy Amendment Fee – £50.00
Contract negotiation, amending and updating terms and arranging a further tenancy agreement.
Tenancy renewal Fee – £75.00
Contract negotiation, amending terms and updating your tenancy agreement during your tenancy – Note: adding a new tenant will incur another referencing/set up fee.
CHARGES FOR BREACH OF TENANCY
Arrears/ late Payment of Rent - £25.00
Failed payments (where a reminder letter is sent)
Interest is charged on all arrears at 8% (plus VAT) over the bank base rate of NatWest Bank Plc at the time from the date of arrears.
Failed access for inspections - £15.00 per failed visit
This will be charged in the event we have not been able to access a property to carry out an interim inspection or other inspection as scheduled.
Court Proceedings - will be advised as they can vary.
Should it become necessary to prepare and issue documents for court proceedings and/ or the provision of court and/ or bailiff attendance fees to tenants, will be advised in advance.
OTHER FEES & CHARGES
Lost Security Items £24.00 (plus replacement item costs)
Replacement of locks where it is deemed the fault of the tenant, replacement alarm fobs and keys broken or lost by the tenant.
Professional Cleaning. £24.00 per hour
This will only be charged where it is deemed necessary to return the property to the same level of cleanliness at the start of the tenancy.