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 Grantham ‘the Agent’)
Holding Deposit: 1 week’s rent
Deposit: 5 week’s rent
During the tenancy (payable to the Agent)
For English properties:
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/satellite
Subscription to cable/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 Crewe and Nantwich is a member of SafeAgent 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.
Tenant Fees for pre 1st June 2019 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
We hold Client Money Protection Insurance through NALS
£200 (inc VAT) for first applicant.
£50 (inc VAT) for additional applicants.
£50 (inc VAT) Guarantor application fee (if required)
£200 (inc VAT) Company Let
Please note that these fees include all referencing and credit checks. There is no additional charge toward inventory costs.
Renewal of tenancy:
At the end of the initial fixed term tenancy, there is no requirement to sign a further fixed term as the agreement can simply roll on to become a monthly periodic tenancy. However, if a tenant wishes to have security of tenure and wishes to take a new fixed term, we need to carry out fresh referencing for the new tenancy. Our charge for this renewal referencing is £120 (incl VAT)
End of tenancy:
£25 (Inc VAT) for a Reference Request
We hold Client Money Protection through NALS. To view our certificate, please click here.