Tenant fee for Assured Shorthold Tenancy
Holding deposit: At the point of your offer being agreed you will be required to pay 1 weeks rent to reserve the property.
First months rent: A monthly rental figure is calculated by multiplying the weekly amount by 52 (weeks) and dividing this by 12 (months). This must be in cleared funds before the start of the tenancy.
Damage deposit: A deposit equivalent to five weeks rent is required before your move to cover any damage caused during the duration of the tenancy.
Additional cost's during the tenancy: All tenants are required to register for all utilities which included Gas, water and electric. You will also need to pay and register for your council tax band ( student's will be required to register but not pay)
Additional Fees for AST:
Tenancy default fees: Limited to late payment of rent charge capped at 3% over BOE base rate and loss of keys
Early surrender fee: £50 (inc VAT)
Change of occupants fees: £50 inclusive of VAT
Tenant fees for a Company Let Agreement or Common law tenancy:
Holding deposit : This will be taken at the point of the offer being agreed to reserve the property you will be required to pay 2 weeks rent.
Tenancy/ Administration fee: £360 (inc VAT) for drawing up the tenancy agreement
First months rent: A monthly rental figure is calculated by multiplying the weekly amount by 52 (weeks) and dividing this by 12 (months).
References : £60 (inc VAT) All "tenants" will be referenced by Van Milder who is an independent referencing company before the start of the tenancy.
Inventory: It is customary for an inventory to be carried out at the commencement and determination of the tenancy. This cost is subject to the size of the property and how many rooms. The tenant will be required to pay this fee before the start of the tenancy.
Additional Fees
Renewal fee: £300 (inc VAT) to renew the agreement for a further term, including deposit re-protection.
Tenancy default fees: Limited to late payment of rent charge capped at 3% over BOE base rate and loss of keys
Early surrender fee: £90 (inc VAT)
Change of occupants fees: £90 inclusive of VAT