| Under the terms of the Tenant Fee Act if you enter into an ASSURED SHORTHOLD TENANCY, payments which may apply: | ||
| First month’s rent | in advance | |
| Tenancy Deposit | 5 or 6 weeks depending upon the rental amount | |
| Holding Deposit | maximum one week’s rent | |
| Early termination when requested by the tenant | a charge not exceeding the financial loss experienced by the landlord | |
| Utilities, communication services, TV licence and council tax | ||
| Default charge for late payment of rent | limited to interest charged at 3% above Bank of England base rate, when rent is more than 14 days late | |
| Default charge for replacement of lost key or security device | equivalent to cost incurred | |
| Changing the tenancy documents after the commencement of the tenancy (at tenants request) | £50 inc. VAT | £41.67 excl. VAT |
| You will be charged the following fees if the annual rent exceeds £100,000 or the property is occupied by a Company or the property is not used as a main or primary home | ||
| Cost (inclusive of VAT) | Net (exclusive of VAT) | |
| Check-Out Fee checking the property and reviewing inventory | minimum of £135 | minimum of £112.50 |
| Tenancy Agreement and Setup drafting and execution of document if supplied by us | £240 | £200 |
| Company Referencing Fee inc verification of details, credit check and Companies House check | £75 | £62.50 |
| Individual Reference Fee (per person) | £75 | £62.50 |
| Extension Agreements Fee negotiating and drafting extension to the fixed term | £125 | £104.17 |
| Damage Fee checking replacement item with inventory and arranging for damage to be rectified on conclusion of tenancy | £90 | £75 |
| Change of Sharer | £240 | £200 |
| Arrears Fee | £30 | £25 |
| Overpaid Rent Fee | £30 | £25 |
| Pet Licence | £75 | £62.50 |
| If there are any guarantors for the tenancy: | ||
| Guarantor Referencing Fee inc verification of details, credit check, employer and accountant reference (if available) | £75 per guarantor | £62.50 per guarantor |
