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 Swadlincote ‘the Agent’)
Holding Deposit: 1 weeks rent
Deposit: 5 weeks rent
During the tenancy (payable to the Agent)
For English properties:
Payment of interest for the late payment of rent at a rate of 3% per annum calculated from the date the payment was due up until the date payment is received.
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 Swadlincote is a member of clientmoneyprotect.co.uk, which is a client money protection scheme, and also a member of The Property Ombudsman, which is a redress scheme. You can find out more details on our website or by contacting us directly. 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.
Reference Fee We will require a Tenancy Setup Fee of £150 per property plus £50 per applicant for referencing when you make an application for a property. This will be non-refundable.
There may be further fees that will apply dependent on your circumstances these include:
Additional Applicant - £50 Any additional applicants above the amount included in the tenancy setup fee. This will be for referencing and processing the application.
Guarantor - £50 You may be required after your referencing has taken place to provide a guarantor for the rent. This is not uncommon and they would also need to be referenced to ensure they have enough earnings to fulfil the rent in the event that you are not able to. This fee is per Guarantor required and covers the cost of referencing and providing a deed of guarantee to be included in the tenancy agreement.
Permitted Occupier Fee - £50
Amendment Fee - £50 If a change is required during the term of the tenancy agreement they may be a charge, these could include alterations to the tenancy agreement due to a change in personal circumstances or with the Landlord's consent a request to leave the tenancy early.
Check-out Fee - We do not charge a fee for check-out at the end of the tenancy as it is included in the tenancy setup fee.
Security Deposit - You will also be required to pay a security deposit prior to occupation this will be one Month's Rent Plus £100. In most circumstances this will be lodged with the Tenancy Deposit Scheme (TDS). This is dependent upon the Landlord's Terms and Conditions. The deposit amount depends on the rent and the circumstances of the applicants, for example if there are pets.
If you require any further information please don't hesitate to contact us:
Swadlincote Address: 49 High Street, Swadlincote, Derbyshire, DE11 8JA tel: 01283 217772 email: firstname.lastname@example.org
Registered Company Name: Stocksales Ltd Registered in England No. 5832921 Registered Office The Point, Granite Way, Mount Sorrell, Loughborough LE12 7TZ.