Tenant Charges for Tenancies
ASSURED SHORTHOLD TENANCIES
Tenant Information – Tenant Charges for Tenancies commencing after 1st September 2019. In addition to paying the rent, you may also be required to make the following payments permitted under the Rent Homes (Fees etc.) (Wales) Act 2019.
Before the Tenancy commences (payable to Belvoir Swansea, Mumbles & Sketty ‘ The Agent’)
Holding Deposit Payment
Any applicant wishing to take a property will be required to pay a Holding Deposit of up to one week’s rent (calculated at RentPCM / 4.35), to secure the Property.
These funds are held securely in a Client Account and repaid to the Applicant in the event that their application has been unsuccessful, or may be retained by the Agent in the event that the applicant fails references or withdraws from the tenancy. Please refer to our Terms on Refunding Holding Deposits.
In the event that the application has been successful then both Applicant and the Agent will confirm in writing of the intention for the Holding Deposit to be held by the Agent and put against the first months’ rent at the start of the Tenancy.
Ahead of the move-in, Tenants are required to pay:
One month’s rent (minus any Holding Deposit already paid and held by the Agent)
PLUS
A Security Deposit of the equivalent of one months rent plus £200 (no VAT)
PLUS
A Pet Security Deposit of £100 for each pet agreed to be on the Tenancy (pre-agreed at application stage) (no VAT)
During the Tenancy (payable to The Agent)
Payments in Default – payment for breach of the tenancy agreement as prescribed in the Tenancy Agreement – these may include reasonable costs or losses incurred for loss of keys, security devices, missed appointments, wilful or negligent damage to the property, emergency call our fees cause by the Tenant’s actions or early termination.
During the Tenancy if permitted and applicable (payable to the relevant company/provider)
- Utilities – gas (or other fuel), electricity, water and sewerage, Green Deal payments
- Communications – telephone, internet and broadband
- Installation of cable/satellite
- Subscription to cable/satellite supplier
- Television Licence
- Council Tax
Terms on Refunding Holding Deposits
Right to Retention of Holding Deposit Funds for providing false or misleading information
In line with the Renting Homes (Fees Etc.) (Wales) Act 2019, the Agent will be entitled to retain a Holding Deposit (maximum of one week) should a Tenant/Applicant provided false or misleading information at the time of applying for a tenancy. Examples could include (but are not limited to), information coming back from referencing checks that differs to that supplied by the applicant on their application, such as false references, misleading details of current employment or CCJs being discovered when the Tenant has stated they do not have any. If an applicant/tenant’s application is not successful and, on these grounds, then this will be communicated to you in writing, no more than 15 days after you have paid the Holding Deposit. In this event then the Holding Deposit (maximum of one week) will be retained by the Agent, unless the Applicant/Tenant is able to prove otherwise.
Right to retention of holding deposit funds for the Tenant’s failure to enter into a Tenancy Agreement
If a Tenant/Applicant chooses not to enter into a Tenancy Agreement or fail to take reasonable steps to enter a Tenancy Agreement, the Agent may retain the holding deposit. This will be confirmed in writing to the Tenant/Applicant within 7 days of us being aware that the Tenant/Applicant is no longer proceeding.
Tenant Protection
Belvoir Swansea, Mumbles & Sketty 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.
COMPANY LETS (CONTRACTUAL TENANCIES)
Company Referencing Application £360.00 including VAT (£300 plus VAT)
Guarantor £90.00 including VAT (£75 plus VAT)
A non-refundable Application Fee (As Set out above) is payable to secure a property and commence with the application process.
PLUS
A Holding Deposit of a minimum of £200 up to the equivalent of one month’s rent
Ahead of the move in Company Let Tenants are required to pay:
One month’s rent (minus any Holding deposit already paid and held by the Agent)
PLUS
A Security Deposit of the equivalent of one month’s rent plus £200
PLUS
A Pet Security Deposit of £100 for each pet agreed to be on the Tenancy (pre-agreed at application stage)
During a Tenancy
Discretionary administration fee of £25.00 (incl VAT) for each letter sent to a tenant concerning breach of the Tenancy Agreement
Discretionary administration fee of £20.00 (incl VAT) for any payment presented to the Agent but returned, refused by the bank for any reason
End of Tenancy
Check out administration fee of £75.00 (no VAT), only applicable if provided with a full inventory at check in
All fees above are outlined in our tenant application forms and tenancy agreements. If you have any questions regarding the fees listed above, please speak to one of the team.
