Tenants Fees

Penny & Lisa

Fees applying to all new tenancies from 1st June 2019

We may charge a tenant any or all of the following when required:

  1. the rent;
  2. a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year;
  3. a holding deposit of no more than one weeks's rent;
  4. default fee for late payment of rent (after 14 days);
  5. reasonable charges for lost keys or security fobs;
  6. payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant;
  7. payments associated with early termination of the tenancy, when requested by the tenant; and
  8. payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.

Fees applying to all pre-existing tenancies entered before 1st June 2019

We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020.

Set up fee (tenant’s share)

£90.00 (inc VAT) per tenant

Referencing tenants (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability) as well as contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement.


Additional Tenant Fee

£90.00 (inc VAT) per tenant

Processing the application, associated paperwork and referencing.


Guarantor Fee

£90.00 (inc VAT) per guarantor (if required)

Covering credit referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement.


Permitted Occupier Fee

£90.00 (inc VAT) per permitted occupier

Explaining to any permitted occupier their rights and responsibilities towards the named tenant(s) and landlord as well as the provision of documentary guidance and assistance during the tenancy.


Accompanied Check-in Fee

£60.00 - £150.00 (inc VAT)

Preparing an Inventory and Schedule of Condition of the property, explaining how appliances function and taking meter readings for utilities and services


DURING YOUR TENANCY: Amendment Fee

£180.00 (inc VAT)

Contract negotiation, amending terms and updating your tenancy agreement during your tenancy.


ENDING YOUR TENANCY: Check out Fee (tenant’s share)

£60.00 - £150 (inc VAT)

Attending the property to undertake an updated Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit(s).


Future Landlord Reference Fee

£35.00 (inc VAT) per reference request

Collating information and preparing a reference for a future landlord or letting agent.


OTHER FEES AND CHARGES: Lost Security Items

£TBC (inc VAT) plus item cost

Obtaining necessary permissions, sourcing providers and travel costs


Out of Hours Services

£100.00 per hour (inc VAT) plus any actual costs incurred

Where actions of the tenant results in the agent (or nominated contractor) attending the property, time to remedy the situation is charged at the hourly rate.


Unpaid Rent / Returned Payments

Interest at 8% above Bank of England Base Rate from date due


Professional Cleaning (if required)

£100.00 (in VAT) per hour

Which will be deducted from the Security Deposit Only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy.


IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE CONTACT US


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