Lettings
Tenancy Information
TENANT FEES SCHEDULE 1 JUNE 2019
Holding Deposit (per tenancy)
One weeks 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 (Tenants Request)
£50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlords instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenants Request)
£50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlords instructions new tenant referencing and Right-to-Rent checks deposit registration as well as the preparation and execution of new legal documents.
Early Termination (Tenants Request)
Should the tenant wish to leave their contract early, they shall be liable to the landlords 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.
If you any questions on our fees, please ask a member of staff.
CLIENT MONEY PROTECTION
INDEPENDENT REDRESS
Client Money Protection is provided by Money-Shield. The redress scheme for Watson Homes is The Property Ombudsman Scheme. (Please note Watson Homes Estate Agents is a Trading name of Cromwells Estate Agents (Wallington) Ltd.
LANDLORD CHARGES
Tenancy agreement (AST) £120.00 (including VAT)
Renewal Tenancy agreement (AST) £132 (including VAT)
Check in fee £150.00 (including VAT)
Check out fee £150.00 (including VAT)
Instruction of Contractor £30.00 (including VAT)
Tenant Introduction Only 8% plus VAT
Tenant Introduction and Rent collection 10% Plus VAT
Tenant Introduction and Managed 12% Plus VAT
Check in fee £150.00 (including VAT)
Check out fee £150.00 (including VAT)
Instruction of Contractor or Third party Inventory Company £30.00 (including VAT)
Please note that lettings agents are required by law to publish on their websites information for potential tenants about relevant fees, redress schemes and client money protection schemes (including the names of those schemes). Relevant fees must also be published on third party websites, such as Rightmove. For properties to rent in England and Wales, details of the agent's membership of any redress scheme and client money protection scheme must also be published with their fees on Rightmove. It is the agent's responsibility to ensure that all relevant information is provided to Rightmove and is up to date and accurate. If the relevant information does not appear here, the agent may have included it within the property description.
