Agent fees - tenant
Agent Fees - Tenant
Tenant Holding Deposit: One week's rent
A non-refundable Deposit paid by a Tenant in order to secure a property whilst the administration takes place. If the let proceeds, this fee is refunded or offset against the move in monies.
To amend a Tenancy: £50.00 admin fee, and £12.00 per reference check required
A charge made in order to administer a change to a Tenancy including a replacement Tenant situation or early termination of a Tenancy.
Dilapidations Deposit: Equivalent to five weeks’ rental amount
A Deposit paid by the Tenant at the start of a Tenancy which can be held either by Andrews or the Landlord for the duration of the Tenancy. At the end of the Tenancy, it is dealt with in accordance with the terms of the Tenancy Agreement.
Flatfair Deposit Alternative: 33.6% of one month’s rent
If the Tenant opts to set up a Flatfair Deposit Alternative Plan in place of a traditional cash Deposit, the premium payable by the Tenant is 28% + VAT of one month’s rent. Flatfair pays to Andrews a commission equivalent to 25% of the premium paid by the Tenant.
Housekeep Referrals: 12% of the invoiced value of any works instructed
If the Tenant opts to engage the services of Housekeep for cleaning and/or gardening services during, and/or at the end of, their Tenancy, Housekeep pays to Andrews a commission equivalent to 10% + VAT of the value of works invoiced to the Tenant.
Default Fees
Late payment of rent: Daily interest at the Bank of England’s base rate + 3%
An interest charge will be applied if a rent payment is more than 14 days overdue for each day the payment is outstanding.
Lost keys: Reasonable costs incurred
A charge for a lost key(s) or equivalent security device(s). The Landlord or agent will provide evidence, in writing, to the person liable for the payment to demonstrate that the costs they have incurred are reasonable.
Re-letting cost: Charges apply on a case by case basis
If the Tenant wishes to surrender the Tenancy during a fixed term (early termination), and the Landlord agrees, a payment to cover the costs of marketing, a new Tenancy Agreement and references for a new Tenant. This will not exceed the Landlord’s losses. The Tenant will pay £432.00 inc. VAT (the cost of the Landlord Tenancy Pack), plus £12.00 inc. VAT per reference check required.
Non-housing Act Tenancy
Holding Deposit: £300.00
A non-refundable Deposit paid by a Tenant in order to secure a property whilst the administration takes place. If the let proceeds, this fee is refunded or offset against the move in monies.
Reference fee (including Tenancy Agreement): £300.00
An administration fee in order that referencing can be completed on the Company including ID checks on the Occupiers, financial checks and any other relevant checks to assess affordability, as well as contract negotiation and arranging completion of the Tenancy Agreement.
Guarantor reference fee (including Tenancy Agreement): £150.00
An administration fee in order that referencing can be completed on the guarantor including ID checks on the occupiers, financial checks and any other relevant checks to assess affordability, as well as contract negotiation and arranging completion of the Tenancy Agreement.
Extension Tenancy Agreement (each Tenancy) £200.00
An administration fee in order for a new fixed-term to be negotiated and agreed together with any new ID checks and arranging completion of the Tenancy Agreement.
Dilapidations Deposit: Equivalent to five weeks’ rental amount
A Deposit paid by the Tenant at the start of a Tenancy which can be held either by Andrews or the Landlord for the duration of the Tenancy. At the end of the Tenancy, it is dealt with in accordance with the terms of the Tenancy Agreement.
All fees quoted are inclusive of VAT at the prevailing rate where applicable. Andrews Letting & Management is an ARLA Licensed Member.
Client Money Protection (CMP) is provided by ARLA Propertymark. Independent Redress is provided by The Property Ombudsman.