Tenant ChargesTenant 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 Loughborough ‘the Agent’)
Holding Deposit: 1 week’s rent
Deposit: 5 weeks 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% above Bank of England Base Rate
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 Loughborough is a member of ARLA Propertymark, 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
Due to the recent ASA (Advertising Standards Authority) ruling regarding tenant fees, please find below a full list of charges made to a tenant by Belvoir Loughborough.
The only price shown in our property adverts is the calendar monthly rental cost of the property. Tenancy application charges and possibly other fees will apply but can vary due to a customer's individual circumstances and are therefore excluded from the price shown.
Administration fees when applying for a property:
Tenancy administration fee £270 including vat - pay when you apply
Check in administration fee £48 including vat - pay at check in
Possible other fees (if required to support an application & by prior notification)
Each further adult in tenancy £30 including vat - pay when you apply
Guarantor if required £75 including vat - pay when you apply
Administration fee for late payment of rent £25 per letter sent
Administration fee for return of erroneous rent £25
Administration fee for returned cheque £25
Company let - £360 including vat - notify Belvoir prior to application
All tenancies require a damage deposit and this is standard practice throughout England. This is taken, together with the first months rent, just before or on the first day of the tenancy. Damage deposits are registered with the governments Deposit Protection Scheme (they are not held by Belvoir). Typical levels of damage deposit: a £500 pcm rental property - £600 damage deposit. A £750 pcm rental property - £850 damage deposit, and so forth.
Pet deposit - If a Landlord is prepared to accept a pet in their property, a pet deposit on £200 will be taken in addition to the usual damage deposit. This is used to cover the added risk of damage to the property and is protected with your main deposit in the DPS.
We belong to The Property Ombudsman redress scheme with website www.tpos.uk and phone number 01722 333306. We are also members of NALS (The National Approved Letting Scheme) - Their website is www.nalscheme.co.uk and phone number is 01242 581712
We hold Client Money Protection Insurance through ARLA. Click here to view our certificate.