TENANT FEES SCHEDULE
Where the Tenancy Agreement was signed after 1st June 2019:
BEFORE YOU MOVE IN
Holding Deposit (per tenancy): One Week’s Rent.
This is to reserve a property.
Security Deposit (per tenancy): Equal to One Month’s Rent
This covers damages or defaults on the part of the tenant during the tenancy.
DURING YOUR TENANCY:
Variation of Contract (Tenant’s Request):
£50.00 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):
£50.00 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.
ENDING YOUR TENANCY EARLY:
Early Termination (Tenant’s Request): Variable
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 outstanding on the tenancy.
OTHER FEES AND CHARGES:
Lost Keys or Security Devices: Variable
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 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 £15.00 per hour (inc. VAT) for the time taken replacing lost keys or other security devices.
Unpaid Rent: 3% above the Bank of England Base Rate
If you have any questions about fees, please ask a member of the team. All fees include VAT.
HEATON PROPERTY IS AN ARLA PROPERTYMARK LICENSED MEMBER
Client Money Protection by: Propertymark
Independent Redress provided by: TPOS
Cardigan Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5NX