TENANT FEES SCHEDULE
FOR EXISTING ASSURED SHORTHOLD TENANCIES (ASTS) AND ALL ASSURED TENANCIES.
(THOSE SIGNED BEFORE 1 JUNE 2019)
Explanation of our Tenancy Fees
For existing tenancies (those signed before the 1 June 2019) under the Tenant Fees Act, there is a transitionary 12 month period ending 31st May 2020 where fees will continue to apply as set out below. Under the rules if an existing tenancy drops onto a statutory Periodic or Contractual Periodic this is classed as an extension of the existing tenancy agreement. For any new tenancy signed on or after 1 June 2019 please refer to ‘New Assured Shorthold Tenancies (ASTs) Signed on or after 1 June 2019.’ The fees quoted below are in addition to any rent and deposit that is due under a Tenancy Agreement.
Tenant Deposit
A deposit equivalent to one and half months’ rent will be required, unless otherwise stated, to be paid at the start of the tenancy. This is subject to referencing. A landlord may require a higher deposit if the referencing criteria is not met. Further details will be provided at that time.
Pet Deposit
Where it is agreed that a pet is allowed, an additional pet deposit will be required. The minimum additional deposit per pet will be £250.00, although in many cases a landlord may require a pet deposit equivalent to one month’s rent. Depending on the type of pet, you may be required to have all carpets and curtains professionally cleaned and fumigated at the end of the tenancy. Receipts will be requested as proof.
Goodlord Platform Administration Fee
Where the Goodlord platform is required to process a tenancy application there will be an administration fee of £6.00 including VAT per tenant payable at the final stage of the Goodlord process.
TENANCY FEES
|
Fee |
Cost including VAT |
Explanation |
|
Individual References |
£120 per person |
This is charged for each tenant applying for the tenancy. |
|
Guarantor Referencing |
£120 per guarantor |
This fee applies only if a guarantor is required and is charged for each Guarantor that is referenced. |
|
Company Reference |
£240 per transaction |
Company or business reference fee. |
|
Tenancy Preparation Fee |
£120 per transaction |
Administration fee for preparing of lease documents |
|
Inventory Check Fee |
£120 per transaction |
Where applicable, this is charged per tenancy and deals with aspects surrounding Deposit Registration, Inventories, and Move In Procedures. |
You should be aware that the need for a guarantor may not become apparent until your referencing, (including for any joint tenants) has been completed. Therefore guarantor referencing fee(s) will only become payable should a guarantor be required.
For USAF personnel, referencing fees are not applicable, although you will be required to pay £120 to reserve the property. This is to secure the property which will be marked “Let Agreed” and will go towards the full balance of monies due at move in. However, where you do not proceed with the tenancy and withdraw your application, you will be charged a withdrawal fee of £120 including Vat. Where a property is managed or we are required to provide an inventory, an Inventory Check Fee will be required.
Please be aware of Additional Fees
|
Fee |
Cost Including VAT |
Explanation |
|
Unattended Booked Inspection Appointment |
£30 per Appointment |
Where an inspection has been arranged and you fail to attend without prior notification. |
|
Late Rent Payments |
£12 per Written Demand |
Where a late rent payment prompts a written rent demand (five days after rent due date) |
