Percival & Company, Estate agents, chartered surveyors, independent residential sales, lettings, land & managing agents

Tenant Fees Schedule

On or After 1st June 2019 Before 1st June 2019

CLIENT MONEY PROTECTION (CMP) PROVIDED BY: RICS

INDEPENDENT REDRESS PROVIDED BY: TPOs

Tenant Fees (on or after 1st June 2019)

New Assured Shorthold Tenancies (STs) signed on or after 1st June 2019

If you have any questions about our fees, please ask a member of staff.

Holding Deposit (per tenancy)

One week’s rent.

This is to reserve a property. Please Note: This will be withheld if any rele-vant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenan-cy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security Deposit (per tenancy. Rent under £50,000 per year)

Five weeks' rent.

This covers damages or defaults on the part of the tenant during the tenancy.

Security Deposit (per tenancy. Rent of £50,000 or over per year)

Six weeks' rent.

This covers damages or defaults on the part of the tenant during the tenancy.

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 Key(s) or other Security Devices

Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). 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 any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

Variation of Contract (Tenant’s Request)

£50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.

Change of Sharer (Tenant’s Request)

£50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher.

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.

Early Termination (Tenant’s Request)

Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent out-standing on the tenancy.

Tenants (pre 1st June 2019)

If you have any questions about our fees, please ask a member of staff.

CLIENT MONEY PROTECTION (CMP) PROVIDED BY: RICS

INDEPENDENT REDRESS PROVIDED BY: TPOs

Before you move in:

Set up fee (tenant's share) £200 (inc VAT) for up to two tenants.

Referencing up to two tenants (identity, immigration and visa confirmation, financial credit checks, obtaining references from current/previous employers/landlords and any other information to assess affordability) as well as contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement.

Additional tenant fee £60 (inc VAT) per tenant

Processing the application, associated paperwork and referencing.

Guarantor fee £60 (inc VAT) per guarantor (if required)

Covering credit referencing and preparing the Deed of Guarantee as part of the Tenancy Agreement.

Permitted occupier fee £60 (inc VAT) per permitted occupier

Explaining to any permitted occupier their rights and responsibilities towards the named tenant(s) and landlord as well as the provision of documentary guidance and assistance during the tenancy.

Accompanied check-in fee £60 (inc VAT)

Preparing an inventory and schedule of condition of the property, explaining how appliances function and taking meter read-ings for utilities and services.

Pet deposit - Returnable additional Security Deposit of £180

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.

During your occupancy:

Amendment fee £180 (inc VAT)

Contract negotiation, amending and updating terms and arranging a further tenancy agreement.

Renewal fee (tenant's share) £180 (inc VAT)

Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.

Other fees and charges:

Lost security items £60 (inc VAT) plus item cost

Obtaining nesseccary permissions, sourcing providers and travel costs.

Out of hours service £60 (inc VAT) per hour

Where actions of the tenant results in the agent (or nominated contractor) attending the property, time to remedy the situation is charged at the prevailing rate.

Professional cleaning (if required) £20 (inc VAT) per hour which will be deducted from the Security Deposit

Only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy.