TENANT FEES SCHEDULE
ASSURED SHORTHOLD TENANCIES (ASTs)
SIGNED ON OR AFTER JUNE 2019
Holding/Reservation Deposit (per tenancy) – As per details on each individual property but no more than the cost of ONE WEEK’S rent.
This will reserve your property for 15 days while credit checks and references are undertaken. (This period of 15 days may be extended by either party, in writing). Please be aware: This deposit will be withheld if the tenant(s) withdraws from the tenancy, fails a Right-to-Rent check, gives false/misleading information, or fails to sign the tenancy agreement and/or Deed of Guarantee) within 15 calendar days.
Property Deposit: The deposit that you need to pay for your chosen property will be limited to a figure that is no more than the equivalent of 5 weeks rent. This deposit as before, covers damages or defaults made by the tenant during the tenancy.
Pets: If pets are considered this will be indicated in the details of each individual property.
Late or Unpaid Rent: Interest will be charged on rent that is paid late. This will be at no more than 3% above the current Bank of England Base Rate with the charges being levied (and backdated) after 15 days or more of the rent being unpaid.
Lost Key(s) or other Security Devise(s): Tenant will be liable for the cost of replacing any lost key(s) as well as other key fobs/security device(s). If the loss results in locks being changed, the actual costs of a locksmith, new lock and replacement keys will be charged to the tenant. Further costs may be incurred regarding some replacements – where an hourly rate will be applicable. (£15 per hour (inc. VAT).
New Tenancy Agreement fee (Tenant’s request) - £50 (inc. VAT) per agreed variation.
To cover the costs for the preparation of all relevant legal documents.
Change of Sharer (Tenant’s Request) - £50 (inc. VAT) per replacement/removal tenant(s) or any further reasonable costs: To cover the costs associated with, new tenant referencing / Right-to-Rent checks / deposit re registration as well as the preparation of all relevant legal documents.
Early Termination (Tenant’s Request): Should the tenant wish to leave their contract early, they will be liable for the landlord’s costs in re-letting the property. They will also be liable for any rent due under their tenancy until the commencement date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Confirmation and further details may be obtained from our office staff.
Redress Scheme: www.tpos.co.uk
CMP Scheme: www.rics.org
SIGNED PRIOR TO JUNE 2019 - BEFORE YOU MOVE IN
SET UP FEE
£180.00 Inc. VAT for the first tenant
£ 60.00 Inc. VAT for second and each subsequent tenant
To include: Referencing . Identity, immigration and visa verification. Financial credit check. Obtaining references from current and previous employers, landlord and character referees.
*** The above fee will not include the cost of a Bank Reference. This will be charged separately by your Bank. ***
TENANCY FEE - £120.00 Inc. VAT per Tenancy
To include: Preparation of the tenancy agreement. Supply of all required legal documentation as well as Section 48 Notice and Prescribed Information. Recording and submitting of service details and meter readings.
GUARANTOR FEE - £60.00 Inc. VAT (if required or requested by the Landlord).
To include: Credit and Employment Referencing . Preparing a Deed of Guarantee.
DURING THE TENANCY
AMENDMENT FEE - £30.00 Inc. VAT
To include: Change of personal details. Addition of a Tenant. Provision of Addendum to the Tenancy.
BOUNCED CHEQUE FEE - £30.00 Inc. VAT
A Tenant will be charged for a bounced/represented rent cheque.
AT THE END OF THE TENANCY
CHECK OUT FEE - £ 72.00 Inc. VAT
To include: Undertaking a check and update of the Inventory, taking final meter readings and confirming closing of service accounts. THIS FEE WILL BE DUE AT THE TIME A NOTICE TO QUIT IS SUBMITTED
PLEASE REMEMBER THAT DEDUCTIONS MAY BE MADE FROM YOUR DEPOSIT (AS INDICATED IN YOUR TENANCY AGREEMENT) IF YOU HAVE NOT LEFT YOUR PROPERTY IN A SIMILAR CONDITION AS NOTED IN THE ORIGINAL INVENTORY.
REFUNDS
If, due to unforeseen circumstances while references are being obtained, you are not able to proceed with your application, BARBETS will refund half of your set up fee. THIS DOES NOT APPLY IF REFERENCES ARE NOT ACCEPTED.
