TENANT FEES SCHEDULE

NEW ASSURED SHORTHOLD TENANCIES (ASTs) SIGNED ON OR AFTER 1 JUNE 2019

Holding Deposit (per tenancy) — One week’s rent. This is to reserve a property. Please Note: This will be withheld 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).

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 Device(s) 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 outstanding on the tenancy

Charges for applicants moving into a non-housing act tenancy from the 1st June 2019

Referencing & set up fee: £400.00 plus vat (£480.00inc vat)

Second applicant if applicable: £100.00 plus vat (£120.00inc vat)

Guarantor if applicable: £100.00 plus vat (£120.00inc vat)

Renewal fee: £100.00 plus vat (£120.00inc vat)

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 outstanding on the tenancy

Check in fee: 1 weeks rent plus vat

Deposit if tenant has a pet: 2 months’ rent

Lost Key(s) or other Security Device(s) 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).

Standard fees for existing tenancies until 31st May 2020

Setup fee (tenants share) £330.00 plus vat 1st tenant (£396.00inc vat)

Additional tenant fee: £75.00 plus vat per applicant (£90.00inc vat)

Student £100.00 plus vat per student (£120.00inc vat)

Permitted occupier £50.00 plus vat (£60.00inc vat

Guarantor fee: £100.00 plus vat per guarantor (£120.00inc vat)

Deposit 1.5 months’ rent and 2 months if pet

Renewal fee: £100.00 plus vat (£120.00inc vat)

Check out fee: depends on size of property (please see pricing schedule)

Out of hours service £50.00 plus vat (£60.00inc vat) per hour plus travel & contractor

Unpaid rent/returned payments: interest at 8% above Bank of England.

Chantries Terms of Business