Tenant Fees
Dybles Ltd operate in full compliance with the Tenant Fee Act 2019. As part of our obligations we wish to make clear the payments that are deemed 'Permitted Payments' under the Act, and under what circumstances those payments will be levied. It should be noted that the Tenant Fee Act 2019 only applies to Assured Shorthold Tenancies. As such, fees for other tenancy types still apply, and are listed in full below.
PERMITTED PAYMENTS FOR ASSURED SHORTHOLD TENANCIES
Holding Deposit
Equivalent to 1 week's rent.
The holding deposit is a payment made to reserve the property and remove it from the market pending application for tenancy, referencing and Right to Rent checks. This payment contributes towards the first month's rent but is forfeited in the event that a tenant withdraws their application, provides false or misleading information or fails to enter into a tenancy agreement within 15 calendar days.
Security Deposit
We will require the equivalent of five weeks’ rent where the annual rent is less than £50,000, or six weeks’ rent where the annual rent is £50,000 or above as a security deposit and this will be registered with a government approved scheme.
Rent
Subject to review at the end of each fixed period.
Rent will be agreed in advance of the tenancy. The rent will be paid at regular intervals (usually monthly). The rent will be reviewed at the conclusion of each fixed term in accordance with the relevant clauses and provisions in the tenancy agreement. In the event the tenancy is periodic tenancy with no fixed term the rent will be reviewed annually.
Changes to the tenancy agreement
£50 (inc VAT)
Where a tenant requests a change to the tenancy agreement (e.g. a change of sharer or permission to keep pets in the property) this fee is payable for the work involved in amending the tenancy agreement. Any changes are strictly subject to the Landlord's consent. The Landlord is under no obligation to grant such changes.
Early Termination of Tenancy
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. Any termination is strictly subject to the Landlord's consent and the Landlord is under no obligation to agree to an early termination of the tenancy.
UTILITIES, COUNCIL TAX, COMMUNICATION SERVICES AND TV LICENCE
Tenants are responsible for paying bills in accordance with the tenancy agreement which will usually include council tax, utility payments (gas, electricity, water) and communication services (broadband, TV etc).
Late Rent Default Charges
Bank of England base + 3%
In accordance with the relevant clauses within the tenancy agreement, the tenant must pay a default fee for late payment of rent (which is more than 14 days overdue). Default fees will accumulate from the first day the rent is late, but will not be levied until 14 days thereafter.
Replacement of Lost Keys, Security Device or Remote Control
Tenants are liable for 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).
FEES FOR NON HOUSING ACT TENANCIES TENANCIES (INCLUDING COMPANY LETS)
Contribution towards preparation of tenancy — £360 (inc VAT) per property
Check out fee (tenant's share) — £150 (inc VAT) per property
Lost security items — £60 (inc VAT) plus item cost
Out of hours services — £60 (inc VAT) plus any actual costs incurred
Early release fee — Landlord re-let costs plus £360 (inc VAT)