TENANT FEES SCHEDULE
Cameron King Estate Agents believe in complete transparency in relation to our tenancy fees and detailed below are the fees you will incur in addition to the monthly rent for New Assured Shorthold Tenancies (AST's) signed on or after 1st June 2019:
Holding Deposit (Per Tenancy): One weeks rent. This is to reserve the property. Please Note: This will be withheld if any relevant person (including guarantor(s)) withdraw from the tenancy, fail a Right to Rent check, provide materially significant false of misleading information, or fail to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days(or other Deadline of 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: Tenants are liable to the actual of cost replacing any lost key(s) or other security device. 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 time taken replacing key(s) or other security device.
Variation of Contract (Tenants Request): £50.00 (inc VAT) per agreed variation. To cover the costs associated with taking landlord's instructions as well as the preparation and execution of new legals documents.
Change of Sharer (Tenants Request): £50.00 (inc 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.
Early Termination Fee (Tenants Request): £360 (plus VAT). This amount will depend on the term remaining.
If you require further information on any of the above fees, please contact a member of staff who will be happy to help.
Cameron King Estate Agents is a member of the Client Money Protection Scheme. If you require further information on any of the above fees, please contact a member of staff who will be happy to help.