Residential Tenant Fees Before a Tenancy
Holding Deposit – £250.00 inc VAT
In order to reserve a property you will be asked to make a cash payment, card payment or bank transfer of £250.00. This payment is a token of good faith only and does not oblige our client Landlord to let the property to you. If the Tenancy proceeds this payment will be deducted from the first month’s rent. If the Tenancy does not proceed this sum is non-refundable.
Administration fee per Tenant – £102.00 inc VAT
Contract negotiation (agreeing/amending terms) and the Tenant’s share of preparing the Tenancy Agreement & Prescribed Information.
Referencing fee per Tenant – £78.00 inc VAT
Referencing (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / Landlords and any other relevant information to assess affordability). If you are in doubt as to your credit status and do not wish to proceed to full referencing without this knowledge a credit check can be carried out.
Check-in fee per Tenant – £30.00 inc VAT
Inventory clerk checking the Tenant into the property using the inventory and schedule of condition. Meter readings taken and the Agent to notify utilities of Tenancy status.
Guarantor fee per Guarantor (if required) – £90.00 inc VAT
Referencing (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers/Landlords and other relevant information to assess affordability) and drawing up a Guarantor Agreement.
Changing of move in date – £54.00 inc VAT
Once a moving in date has been agreed and the paperwork drawn up if the date is changed after the Tenancy Agreement has been sent out the paperwork will have to be amended/new inventory rescheduled/check in rescheduled.
Returnable additional Security Deposit – additional 2 weeks rent
To cover the added risk of property damage. This will be protected with your security deposit in a Government-authorised scheme and may be returned at the end of the Tenancy.
Fumigation fee – £100.00 inc VAT
To fumigate the property ready for the next occupant where a pet has been permitted to stay during the Tenancy. Please note this will be a likely end of Tenancy requested deduction where permission has not been granted for a pet.
Tenant Fees During a Tenancy
Second Tenant arrears letter – £36.00 inc VAT
This letter is written 7 days after the rent was due if no payment has been received
Third and subsequent arrears letters – £72.00 inc VAT
Letters further to the above at 7 day intervals thereafter
Unpaid Rent / Returned Payments – Interest at 8% above Bank of England Base
Rate from date due.
Tenancy Agreement fee – £60.00 inc VAT
Contract negotiation, amending and updating terms and arranging a further Tenancy and Tenant’s share of Tenancy Agreement.
New Tenancy Changeover:
Administration fee per current Tenant – £108.00 inc VAT
Where one or more Tenant(s) wish to leave the Tenancy and/or one or more Tenant(s) wish to join the Tenancy: re-referencing existing Tenants to confirm current status to confirm suitability and draw up new Tenancy Agreement.
Administration fee per new Tenant – £240.00 inc VAT
As above: referencing new Tenant(s) to confirm current status, suitability and draw up new Tenancy Agreement.
Lost keys – £5.00 per standard key
To replace property keys lost by Tenant. Variable if security key
Block lost key – £5.00 per standard key
To replace block main door keys lost by Tenant. Variable if security key
Drawing up an Addendum – £30.00 inc VAT
Contract negotiation, amending terms and updating your Tenancy Agreement during your Tenancy.
Tenant fails to allow Routine Visit or tradesman access – £30.00 inc VAT
If the Routine Visit or contractor visit has been arranged and a member of staff or contractor attends as agreed but cannot gain access.
Additional paper copies of Tenancy Agreement or Inventory – £12.00 inc VAT
If the Tenant requires a copy of the Inventory/Schedule of Condition in addition to the ones provided when the Tenancy started.
Fixed Term Early Release fee – Variable
Fees will vary depending on circumstances and can be provided on request. If the tenant wishes to be released early from a fixed term contract and the Landlord agrees, subject to finding a replacement Tenant, re-advertising the property, instigating the vacating procedure.
Home Office Notification – £30.00 inc VAT
All Tenants are required to have a visa entitlement to live in this country and the visa must be for
longer than the fixed term of the Tenancy. If this visa expires and is not renewed immediately then
Bishop Sullivan are required to inform the Home Office of this fact.
Service of Section 21 or Section 8 Notice – £30.00 inc VAT
If Bishop Sullivan are required to serve either of the above notices due to the non-performance of
the Tenant. A Section 21 Notice is used to regain possession of the property and a Section 8 Notice is used to begin the process of court action where there is a required level of rent arrears.
Tenant Fees at the End of the Tenancy
Before vacate date:
Tenant withdraws notice after admin – £30.00 inc VAT
If notice has been given to end the tenancy and the pre-vacating procedure has been carried out (writing to both Landlord and Tenant and booking the check-out) and the notice is then withdrawn resulting in negotiating the cancellation of the notice with the Landlord and reversing the pre-vacating procedure.
Tenant reference – £36.00 inc VAT
Collating information and preparing a reference for a future Landlord or letting agent.
Bishop Sullivan attendance at court – £90.00 inc VAT per hour
Where the Agent is required to attend court due to a Tenant’s actions or in-actions.
Bishop Sullivan attend property with Bailiff – £30.00 inc VAT per hour
Where the Agent is required to attend the property with a bailiff due to a Tenant’s actions or in-actions.
After vacate date:
Check-out fee (1 bed) – £90.00 inc VAT, add: £24.00 per extra room & £24.00 if furnished
Preparation of full check-out report including colour photographs using the original inventory and schedule of condition from the check-in. Meter readings taken and the Agent to notify utilities of Tenancy status.
Dilapidations Fee – 12% inc VAT or minimum £12.00 inc VAT
For the administration in overseeing agreed dilapidations (repairs, cleaning, rubbish removal etc) at the end of the Tenancy.
Return of overpaid rent 2nd occurrence + – £12.00 inc VAT
Administration fee for the return of overpaid rent where this is the second occurrence or more. The rent will need to be identified and then returned to the Tenant by BACS.
Tenancy Agreement fee – £90.00 inc VAT
Contract negotiation (amending and agreeing terms) and the Tenant’s share of preparing the Tenancy Agreement.
Rent – Quarterly
Deposit – One quarters rent