Newcastle Residential Schedule of Fees

    

 

Newcastle Residential Schedule of Fees

                                                                                             

Tenant Fees 

 

Holding Deposit:

One weeks rent will be taken to secure a property and will be held for 15 calendar days (unless otherwise agreed) in order to complete all tenancy documents. This amount will be attributed to the deposit following the completion of all tenancy documents within the 15 calendar days of receipt of the holding deposit. 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. 

 

Security Deposit

Equal to one months rent – this covers damages or defaults on the part of the tenant during the tenancy Company Tenancy Administration Fee 50% of one month’s rent ex. VAT, 60% inc. VAT 

 

Company Tenancy Renewal Fee

 £100 exc.VAT (inc vat £120)

 

 

 

Lost Key(s) 

Tenants are liable to the actual cost of replacing any lost key(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(s), landlord, Agent and 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, including attending a call-out for re-entry. 

 

Variation of Contract (Tenant’s Request) 

£50 (plus 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 (plus 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. The landlord’s re-let fee is equal to 70% of a months rent plus VAT. 

 

 

 

Newcastle Residential Schedule of Fees

 

Landlord Fees:

 

Let Only Tenant Finder Fee: 70% of one months rent plus VAT

 

Managed Tenant Finder Fee: 70% of one months rent plus VAT

 

Tenancy Renewal: 30% of one months rent plus VAT

 

Property Landlord Management Fee: 10% of rent due.

 

Inventory Preparation: £150

 

Council License Applications: £150

 

Council License Renewals: £75