Whilst no fees are taken from a tenant for securing a property, a description of our scale of fees are listed below for transparency and comply with the Tenant Fee act 1st June 2019.
Early termination (tenant's request)
Should the tenant wish to leave their contract early, they shall be liable to pay the landlord's costs in re-letting the property (up to One Month's Rental Plus VAT) 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 and will be subject to negotiations between both parties being agreed. The Tenancy in place is a contractual agreement and terms need to be agreed before any further action can be taken. All Early Termination requests are subject to Landlord approval.
Taylor Millburn costs would depend on the time spent negotiating and drawing up in writing what is agreed on behalf of the tenant. Standard Charge of £50.00 Plus VAT (£60.00).
Change of sharer (tenant's request)
These costs are per replacement tenant for any reasonable costs incurred, such as; To cover the costs associated with taking landlord's instructions, new tenant referencing and Right-to-Rent checks (£62.50 plus VAT (75.00), deposit registration and new insurance certificate (if traditional Deposit Scheme) at £30.00 Plus VAT (£36.00) as well as the preparation and execution of new legal documents, £41.50 plus VAT (£49.80). Tenants on Nil Deposit Schemes would need to contact the insurer about costs and provide appropriate deposit cover prior to signing of any new Tenancy. The Tenancy in place is a contractual agreement and terms need to be agreed before any further action can be taken. All Change of Sharer requests are subject to Landlord approval.
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 and any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a minimum charge of £12.50 plus VAT (£15.00) per hour for the time taken replacing lost key(s) or other security device(s). Security device replacement costs depend on the supplier and will normally be paid directly.
Variation of contract (tenant's request)
£41.50 plus VAT (£49.80). per agreed variation. To cover the costs associated with taking landlord's instructions as well as the preparation and execution of new legal documents.
Contractor call outs
In the event a contractor is called to a property and the contractor reports that the cause of the problem was through the tenants misuse or tenants not checking the basic maintenance i.e trip switches, fuses, etc. then the full costs of the callout and repair would be at the tenants own expense and the invoice would be forwarded to the tenant for payment. In the event the tenant refuses to pay, then the Landlord would reserve the right to either claim the monies back through a debt recovery company/small claims court or via the dilapidation deposit on hold at the end of the tenancy.
Recovery of fees/other charges
The Agent shall be entitled to deduct from any deposit that may be paid by a Tenant of the Landlord's Property any fees or other monies properly due and payable by the said Tenant to the Agent as described in the Tenancy Agreement.
Unpaid rent
Interest will be charged at 3% above the Bank of England Base Rate from the 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.
Holding deposit
One weeks rent will be required 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 (Dilapidations deposit)
A security deposit of Five weeks rent will be required at the start of the tenancy (Per Tenancy for rent totalling less than £50,000 per year)(Six weeks rent required over £50,000 per year). This covers damages or defaults on the part of the tenant during the tenancy. An alternative Nil Deposit scheme will also be offered at a cost of One Weeks rent plus VAT. Terms & Conditions apply.