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Tenant Fees

The following tenant fees apply to assured shorthold tenancies (ASTs) or licences to occupy signed on or after 1st June 2019.

Service Explanation Price
(inc. VAT)
Holding Deposit
(per tenancy)
This is payable to reserve a property. This will be non refundable if any relevant 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 tenancy agreement (and/or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing). One weeks rent
Security Deposit
(per tenancy for rents under £50,000 per year)
This covers damages or defaults on the part of the tenant during the tenancy. The security deposit can vary by property. Maximum of five weeks rent
Security Deposit
(per tenancy for rents of or over £50,000 per year)
This covers damages or defaults on the part of the tenant during the tenancy. The security deposit can vary by property. Maximum of six weeks rent
Unpaid Rent Interest payable from the rent due date until the date it is paid. This charge will not be levied until the rent is more than 14 days in arrears. Interest at 3% above the Bank of England Base Rate
Lost Key(s) or other Security Device(s) Tenants are liable for 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(s) 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 for the time taken replacing lost key(s) or other security device(s). Variable
Variation of Contract (Tenant's Request) To cover the costs associated with taking the landlord's instructions as well as the preparation and execution of new legal documents. An example of a variation of contract may be varying the contractor allow pets. The fee is only charged if the variation is agreed by all parties and implemented. £50 per agreed variation
Change of Sharer (Tenant's Request) To cover the costs associated with taking landlord's instructions, new tenant referencing & Right to Rent checks, deposit registration as well as the preparation and execution of new legal documents. £50 per replacement tenant or any reasonable costs incurred if higher
Early Termination (Tenant's Request) Should the tenant wish to terminate their contract early, they shall be liable for 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. Variable

The following tenant fees apply to company lets or commercial leases.

Service Explanation Price (inc. VAT)
Referencing/Application Fees Payable upon application to rent a property. Fees vary by property, see specific property for further details Variable
Lease Renewal Payable at renewal. Not payable if tenancy is to become periodic, only if a new fixed term is agreed £35 if monthly rent is under £1,000
£50 if monthly rent is over £1,000
Rent Reminder Letter/Emails If we have to write to remind you of unpaid rent or any other payments due under your lease Variable as per lease, usually £5 per letter/email
Rent Arrears Inspection If we have to attend your property regarding unpaid rent or any other payments due under your lease Variable as per lease, usually £35 per visit
Late Rent Payment Fee If you are late paying your rent or any other payments due under your lease Variable as per lease, usually £18
Rent Re-Payment Fee If you forget to cancel your standing order for your rent after vacating a property and we have to re-pay the rent back to you Variable as per lease, usually £18

Fees last updated on 1st June 2019

Compliance

Atlas Estate Agents is a member of 'ARLA Propertymark', which is a client money protection scheme. The accounting rules of our client money protection provider can be found by clicking here and a copy of our client money protection certificate can be found by clicking here. We are also a member of 'Property Ombudsman', which is a redress scheme.