Our property management team are specialised in providing the best service for their landlords. We know that letting a property can be a stressful time, and so we can find the right tenant to move in; lessening any anxiety. Our local expertise and knowledge can not only save you time; it can also get you the best price possible.
Tenants Fees Act 2019
The following amendments are required to comply with criminal & civil legislation particularly the Tenants Fees Act 2019:-
The majority of have been prohibited by the Tenants Fee’s Act 2019 but you are still obliged to display permitted fees (if applicable), these include
1. Rent Payments
2. Refundable deposit (capped at five weeks’ rent)
3. Refundable holding deposit to reserve a property (capped at one weeks’ rent)
4. Payments to change the tenancy (capped at £50.00)
5. Early termination
6. Council Tax
7. Default fee for late payment
Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing). Refundable if the contract is discontinued.
We will go through the whole process with you, such as showing you how we will advertise the property and how we can ensure you get the best price.
We are determined to ensure that our selection process is as thorough and fair as possible. We want to find you the best tenants that will look after your property, while also making sure that any problems or issues are dealt with quickly and professionally. Our advice and assistance is available every step of the way so that you can be confident in our services to you.
If you are considering letting out a property, or if you are looking to find a home to let, why not see if we can give you what you need? Contact our specialised team and let us talk through all the options. For fast, professional service, call us today.
Tenants Fees Scheudle – NEW ASSURED SHORTHOLD TENANCIES (ASTs) SIGNED ON OR AFTER 1 JUNE 2019
Holding Deposit (Per Tenant)
£65 per tenant
This is to reserve a property.
Security Deposit (per tenancy. Rent under £50,000 per year)
One calendar months rent.
This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent
Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) (or other Security Device(s)
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Variation of Contract (Tenant’s Request)
£50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant’s Request)
£50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution
of new legal documents.
Early Termination (Tenant’s Request)
Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy. If you have any questions on our fees, please ask a member of staff.
