Lettings fees

The lettings fees stated only apply to Assured Shorthold Tenancies (AST) entered into through Fenn Wright.

Please be aware that all fees shown whether they are displayed as a percentage or as a single figure, are inclusive of VAT.

For all new tenancies entered into since the 1st June 2019 and all existing tenancies as of the 1st June 2020.

Holding Deposit (per tenancy): A maximum of one week’s rent

This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor/s) withdraws from the tenancy, fail a Right to Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing). Upon successful references being completed, acceptable and the tenancy being confirmed by Fenn Wright, the holding deposit paid will then contribute towards the first month’s rental payment, subject to agreeance from the tenant.

Tenancy Deposit (per tenancy): Five weeks' rent

This covers damages or defaults on the part of the tenant during the tenancy and will be held and protected in line with Government guidance

Late payment/Unpaid Rent

Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please note: This will not be levied until the rent is more than 14 days in arrears.

Lost Keys or Security Devices

Tenants are liable to the actual cost of replacing any lost keys or other security devices. If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord and any other persons requiring keys will be charged to the tenant.

Variation of Contract: £50 including VAT per agreed alteration. 

To cover the costs associated with taking landlord’s instructions on the tenant’s request, as well as the preparation and execution of new legal documents.

Change of Sharer: £50 including VAT per replacement tenant. 

To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right to Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Company Let Agreement: £300 including VAT

This is to reserve a property and is a non-refundable referencing fee, set up fee and contribution to the tenancy agreement.

Tenants will also be responsible for meeting the following costs during the tenancy unless specified otherwise:

  • Utilities: gas, electricity, oil, council tax and water including sewage etc.
  • Telephone and internet: all associated costs linked to the installation and relevant services
  • Television: all costs linked to the installation, licensing and relevant satellite or cable services.

Fenn Wright is a member of ARLA Propertymark and RICS (The Royal Institute of Chartered Surveyors)
Our client money protection is provided by the RICS Client Money Protection scheme.
Fenn Wright are members of The Property Ombudsman (TPO) redress scheme.

 

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