Tenant Fees post 1st June 2019 (please see below)
In addition to paying the rent, you may also be required to make the following payments permitted under the Tenant Fees Act 2019.
Before the tenancy starts (payable to Belvoir Sales & Lettings West Derby)
Holding Deposit: 1 weeks rent
Deposit: 5 Weeks rent During the tenancy (payable to the Agent)
During the tenancy (payable to the Agent)
Payment of interest for the late payment of rent at a rate of 3% over the Bank of England Base Rate calculated from the date the payment was due up until the date payment is received.
During the tenancy if permitted and applicable
Utilities gas, electricity, water and sewerage
Communications telephone and broadband
Installation of cable or satellite
Subscription to cable or satellite supplier
Other permitted payments
Any other permitted payments, not included above, for breaches of contract or under the relevant legislation including contractual damages. These may include reasonable costs or losses incurred for loss of keys, security devices and changes to the tenancy agreement or early termination, if the Landlord agrees they can be made, up to the permitted limits.
Belvoir Sales & Lettings West Derby is a member of Property Mark which is a client money protection scheme, and also a member of The Property Ombudsman which is a redress scheme. You can find out more details on our website or by contacting us directly on 01512560880
Tenant Fees for Pre 1st June 2019 Tenancies
Tenancies Explanation of our tenant fees permitted under the Tenant Fees Act 2019 transitional provisions, where fees are written into existing tenancy agreements. These apply to all tenancy agreements granted or signed and executed before 31st May 2019, and can be charged up until 31st May 2020
Tenant Fees Administration Fees (Payable before Moving into a Property)
The administration fee is £166.67 plus VAT. This total is £200.00.
The administration fee for any additional applicant or a guarantor is £62.50 plus VAT. This total is £75.00. Part or all may be non-refundable.
Please note that the referencing procedure will not begin until the administration fee is paid in full.
The move out fee is £37.50 plus VAT. This total is £45.00. This will be deducted from your deposit. (deducted once the tenant has vacated) Our VAT Registration number is 864 9413 91. VAT will be calculated at 20%
Arrears and Penalty Charges (Chargeable once Moved into a Property)
Should rent be late, an arrears letter will be sent to you. Arrears letters carry a penalty charge of £16.67 plus VAT per letter (this totals £20.00) and the charge must be cleared immediately upon receipt of a letter. If the charge is unpaid by the end of the tenancy, it will be deducted from your deposit. Payment of interest for the late payment of rent at a rate of 3% over the Bank of England Base Rate calculated from the date the payment was due up until the date payment is received.
Renewals and Fees (Chargeable once Moved into a Property)
Should you extend your tenancy on a fixed term or periodic basis, then a renewal fee of £16.67 plus VAT will be charged. This totals £20.00.
All tenancies maybe subject to an annual rental increase
If you are unsure of any fees listed please call our office and we will be happy to fully explain them to you 01512560880