Tenant Fees post 1st June 2019 (please see below)
In addition to paying the rent, you may also be required to make the following payments permitted under the Tenant Fees Act 2019.
Before the tenancy starts (payable to Newton Fallowell - Treadwell & Treadwell Limited ‘the Agent’)
Holding Deposit: 1 week’s rent
Deposit: 5 week’s rent
During the tenancy (payable to the Agent)
Payment of interest for the late payment of rent at a rate of 3% above the Bank of England Base Rate.
During the tenancy if permitted and applicable
Utilities – gas, electricity, water and sewerage
Communications – telephone and broadband
Installation of cable/satellite
Subscription to cable/satellite supplier
Other permitted payments
Any other permitted payments, not included above, for breaches of contract or under the relevant legislation including contractual damages. These may include reasonable costs or losses incurred for loss of keys, security devices and changes to the tenancy agreement or early termination, if the Landlord agrees they can be made, up to the permitted limits.
Newton Fallowell Stamford are members of both The Property Ombudsman (Independent Redress Scheme) and are covered by NEAE Propertymark Client Money Protection (CMP). To view our certificate, please click here.
Tenant Fees for pre 1st June 2019 Tenancies
Explanation of our tenant fees permitted under the Tenant Fees Act 2019 transitional provisions, where fees are written into existing tenancy agreements. These apply to all tenancy agreements granted or signed and executed before 31st May 2019, and can be charged up until 31st May 2020
When you apply for a property through us there will be fees payable upon application. Please see the below fee scales which will help you to understand these fees and when you will need to pay them. All Fees are inclusive of VAT at the current rate.
Application Referencing Fee - £240 up to two applicants, £100 per additional applicant. The purpose of the application referencing fee is to reserve the property for a reasonable period of time whilst we complete our lettings procedures. During this period, the property will not be offered to any other applicant and will be withdrawn from the market. The Application Referencing Fee is non-returnable, although if the Landlord withdraws the property, the Application Referencing Fee is returned to you. If for any reason you withdraw your application during this process there will be no refund. In the event the Landlord refuses the application on the grounds of unsuitable references then the Application Referencing Fee will not be refunded to the applicant.
Administration Fee - The tenancy setup fee includes a credit check, employer reference and current or previous Landlords reference if applicable. The fee will also include preparing a tenancy agreement, the inventory, the check-in and the transfer of all the utilities. *The balance of fees becomes payable prior to occupation of the property.
Check-In for rent PCM up to £995 - £240 per property
Administration Fee rent up to £995 - £240 per property
Additional Applicant - £100 Any additional applicants above the amount included in the tenancy setup fee. This will be for referencing and processing the application.
Renewal Fee - £60 Inc. VAT for a 6 or 12-month agreement. A fee will be chargeable upon request to extend the tenancy by another fixed term, the fee will include negotiating with the Landlord and preparing a new tenancy agreement to reflect the new term.
Address: 4 Ironmonger Street, Stamford, PE9 1PL tel: 01780 754530 email: firstname.lastname@example.org
Registered Company Name: Treadwell & Treadwell Limited Registered in England No 9389219 Registered Office 4 Ironmonger Street, Stamford, PE9 1PL