Applicant and Tenant Fees
Applicable to tenancies commencing before 1st June 2019
Deposit - this is 1.5 x months rent if there are no pets, 2 x months rent if there are pets at the property
Contract Renewal Fee - £50
Property Checkin/out Fee (split 50:50 with Landlord) - below are the costs to tenants
1 bed - £50
2 bed - £60
3 bed - £70
4 bed - £90
Larger houses to be assessed on an individual basis.
Key cutting - £10 per key + cost of the actual key
Non-contractual callout fee - £50
Cancelled appointment (with less than 3 hours advance notice) - £35
On-going tenants reference fee - £30
Bounced cheque or payment - £20
Overpaid rent return - £30
Items of dilapidations work at checkout - £40 per item
Applicable to tenancies commencing on or after 1st June 2019
Holding Deposit (per tenancy) - One week’s rent in order 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 Guarantor Agreement) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Security Deposit (per tenancy. Rent under £50,000 per annum) - equivalent to 5 weeks rent and covers damage or defaults on the part of the tenant during the length of the tenancy. This is equivalent to 6 weeks rent for properties with rent over £50,000 per annum.
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 for the time taken replacing lost key(s) or other security device(s).
Variation of Contract (Tenant’s Request) - £50 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 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.
These are all detailed in the terms of business that are signed prior to the property being taken on by Stamford Homes Ltd.