FEES FOR TENANTS

 

 

Tenants Fees Before the tenancy starts (payable to Nelsons SE1 Ltd)

 Holding deposit: 1 week's rent (this will be deducted from the first month's rent)

Deposit: 5 week's rent if the annual rent is less than £50,000, and six weeks’ otherwise.

 

During the tenancy (payable to Agent)

Payment of £50 (inclusive of VAT) if you want to change the tenancy agreement

Payment for any unpaid rent or other reasonable costs associated with your early termination of the tenancy.

Default fees’ for replacement of loss of keys or security device from £6 for a Yale up to £300 for security devices. ( payable to Agent / Landlord). ·

Payment of interest for the late payment of rent at a rate of 3% ( payable Agent / Landlord) above the Bank of England base rate. Fees for Company Let

 

Fees for Company Let

Set Up Cost and Referencing £500 inclusive of VAT ·

Administration Renewal fee of £500 inc V.A.T. to cover preparation of new legal contracts (not applicable on periodic tenancies) and re-referencing Tenant(s), where applicable.

 

Fees for Common Law Agreements

Set up Fee of £145 inc V.A.T. per person to cover the preparation of all legal documentation and tenancy negotiations. Please note the set up fee on Managed Properties is £170 inc V.A.T. per person.

Reference Fee of £80 inc V.A.T. per person to cover the processing of collecting and checking of work, bank, and previous landlord references and collection of monies and provision of move-in packs.

Credit Check Fee payable to external credit agency from £25.00 inc V.A.T. and you will be notified prior to the Offer being submitted to the landlord if this is applicable.

Guarantor Fee £50 inc V.A.T. (per Guarantor ( if required)

Administration Renewal fee of £155 inc V.A.T. per person to cover preparation of new legal contracts (not applicable on periodic tenancies) and re-referencing Tenant(s) where applicable.

Administration Change of Tenant fee of £225 inc V.A.T. per person for ingoing Tenant.

To cover referencing of new tenants, preparation of all necessary legal paperwork and liaising with all existing Tenant(s). In addition there is a Contract Breakage Penalty of £240 inc V.A.T. per Tenant payable by the outgoing Tenant.

Default fees’ for replacement of loss of keys or security device from £6 for a Yale up to £300 for security devices. ( payable to Agent / Landlord). ·

Payment of interest for the late payment of rent at a rate of 3% ( payable Agent / Landlord) above the Bank of England base rate.

 

During the tenancy (payable to the provider) if permitted, and applicable

Utilities - Gas, Electricity and Water

Communications - telephone and broadband

Installation of cable/satellite

Television licence

Council Tax

 

Existing contracts

Any existing contracts prior to 1st June 2019 are subject to the terms therein, and are to remain the same until 31 May 2020.

a) Tenancy Amendment Fee £150 (inc VAT) - to cover contract renegotiation, amending terms and updating tenancy

b) Change of Tenant fee of £210 inc V.A.T. per person for outgoing tenant.

c) Inventory fees between £150 inc V.A.T. to £180 inc V.A.T. This does not apply to all flats but it is highly recommended. Where applicable, the fee is split between Tenant(s) and Landlord. The Tenant(s) pays for either the ingoing or outgoing inventory and the Landlord pays for the other.

A professional inventory is a document that provides a written record that details the fixtures and fittings of the property and their conditions as well as the condition of the property itself.

NELSONS IS A MEMBER OF TPO CLIENT MONEY PROTECTION PROVIDED BY CMP