Tenant Fees post 1st June 2019

Tenant fees permitted under the Tenant Fees Act 2019

In addition to paying the rent you may also be required to make the following payments (and not limited to) permitted under the Tenant Fees Act 2019.

  • Deposit will be total of 5 weeks rent.
  • You are required to pay a Holding Deposit of 1 weeks rent. This is needed for the property to be removed from the market. This will be deducted (by agreement with you) from your first months rent or tenancy deposit.
  • Rental payments overdue by more than 14 days will be subject to interest at the 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.
  • Contract negotiation, amending terms and updating your tenancy agreement during your tenancy then a charge of £50 including VAT will be charged prior to any amendments happening.
  • Pay for lost keys, fobs and security devices. If NW Estates has to arrange this on the Tenants behalf, then £30 including VAT will be payable as well as the cost of keys. fobs or other security devices.
  • £420 including VAT should you wish to terminate your tenancy agreement and vacate the property early (subject to permission from your Landlord and or NW Estates). This will cover the extra administration and costs incurred by the Landlord and agent to re-let the property. You must be aware you will be liable to pay monthly rent until your agreement is replaced with a new tenancy.
  • You will be liable for Utilities such as gas, electric, water and sewerage. Communications such as cable/satellite. Installation of cable or satellite. Subscription to cable or satellite supplier. Telephone and broadband. Television Licence. Council tax.


Landlords
 

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