Fees

Once you’ve found your new home and your offer has been accepted, houseea.co.uk (Lettings) prepare the tenancy agreement and organise the logistics for your move in.

Tenancy charges may vary depending on the agreement we have with the landlord, so it’s best to ask the office dealing with your rental for a full breakdown of costs.

When you apply for a property we will provide you with a declaration form, this form provides details of the charges that may apply before you sign your tenancy agreement.

Fees:

To rent one of our properties each applicant will need to provide the following:

*We cannot accept tenants with defaults, CCJ’s or recent late payment history or a track record of not paying rent or bills.

• Credit check (dated within the last 30 days).

• Last 3 months of wage slips.

• Last 3 months bank statements.

• Details of your current employment history.

• Previous landlord reference

• Proof of address

•  A guarantor may be required subject to your personal circumstances.

• Right to Rent
  From the 1st February 2016 all occupiers of private rented accommodation in England, aged 18 or over must prove that they have the right to live in the UK legally.  As part of the referencing process, your Right to Rent in England will be verified.

Holding Deposit (Per tenancy) One weeks’ rent.

This deposit is 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 7 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security Deposit (Per tenancy)  Five Weeks Rent
This covers damages or defaults on the part of the tenant during the tenancy.

Pets If the landlord agrees to pets or animal there will be a Pet Insurance Fee of £200 per pet, refundable at the end of the tenancy if no damage occurs. (All carpets will have to be steam cleaned by a reputable firm prior to leaving if you have pets)  (If you disagree to paying this insurance then quite simply no pets will be allowed on the property)

Unpaid Rent (Per Tenant)

Late Charges of £25.00 including Vat per letter/email/phone call, plus 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(s) or other Security Device(s)

Tenants are liable to the actual cost of replacing any lost key(s) or other security devices (s).
If the loss results in locks needing to be changed, the call out fee (usually around £90) plus the actual costs of a locksmith, new lock and replacement keys for the (tenant, landlord/letting agent and any other persons requiring keys) all costs will be charged to the tenant.  If extra costs are incurred there will be a charge of £25 per hour (inc. VAT) for the time taken in replacing the lost key(s) or other security devices (s).

Variation of Contract (Tenant’s Request) (Per Tenant)

£50 (inc. VAT) per tenant. To cover the costs associated with taking the landlord’s instructions as well as the preparation and execution of new legal documents.

Change of Sharer (Tenant’s Request) (Per Tenant)

£50 (inc. VAT) per tenant or any reasonable costs incurred if higher. To cover the costs associated with taking the landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Early Termination (Tenant’s Request)

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.  (minimum charges are £600 plus Vat)
Company Lets Are not subject to the above fee structure and will be subject to an application fee of 60% of the rental figure inclusive of VAT.

EXISTING ASSURED SHORTHOLD TENANCIES  SIGNED BEFORE THE 1st JUNE 2019

Before you Move in

Set-up Fees (Tenant’s Share): 60% Monthly rent inc. VAT per tenancy.

Referencing for up to two tenants (ID checks, Right-to-Rent check, financial credit checks, obtaining references from current or previous employers/landlords and any other relevant information to assess affordability) as well as contract negotiation (amending and agreeing to terms) and arranging the signing of the tenancy agreement.

During your Tenancy

Renewal Fees (Tenant’s Share): £120 (inc. VAT) per tenancy Contract negotiation, amending and updating terms and arranging for the signing of a further tenancy agreement.

Change of Sharer Fee: £240 (inc. VAT) per replacement tenant. To cover the costs associated with taking the landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Ending your Tenancy

Early Termination: % of the Landlord re-let costs per tenancy plus 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.

Lost Key(s) or other Security Device(s): Subject to item costs. Obtaining necessary permissions, sourcing providers and travel costs.

Agent (or nominated contractor) attending the property, their time to remedy the situation is charged at the prevailing rate.

Rent Arrears / Returned Payments: (Per Tenant) £25 (inc. VAT) per letter, telephone call or email requesting payment plus interest at 3% above Bank of England Base Rate from Due Date until paid on any outstanding sums in order to cover the agent’s costs associated with chasing unpaid rent.

If the landlord agrees to pets or animal there will be an Animal Deposit of £200 per pet. (All carpets will have to be steam cleaned by a reputable firm prior to leaving)

The first month’s rent is also required in cleared funds prior to the start of the tenancy.
Payment of rent The first months’ rent is payable in cleared funds prior to the tenancy start date, all subsequent monthly rent payments are to be paid by standing order unless otherwise agreed. Failure to set up standing order resulting in the second rent payment not being received on time will incur an administration fee of £60 including vat.

Missed Inspection Fee £25.00 inclusive of VAT
During your tenancy, we will visit to ensure that the property is in good order and discuss any concerns you may have. If a scheduled and confirmed appointment is missed a charge may apply.

Move out cost £160.00 inclusive of VAT
If deposit deductible works are required following your check out,   A fee will be payable if we are required to organise repairs/maintenance at the end of the tenancy should such works be required after the move out inspection and deemed the tenants’ responsibility.

Should you choose to move on, we would be delighted to help you in your search for a property to rent or purchase. Please contact our local offices to register your details and requirements.

Saturday Move-In £60.00 inclusive of VAT

Changes to your tenancy

If you request to terminate your tenancy agreement prior to the tenancy end date, an administration fee of £600 including vat will be payable. Upon receipt of cleared funds of this payment, we will start advertising the property, arrange viewings of the property, and confirm when a replacement tenant has been found to take over the tenancy. You will remain liable for payment of pro-rata rent for the property paid in advance including all utility bills and council tax until a new tenant has moved in. Other administration fees may be applicable for other changes to your tenancy agreement. Please refer to the terms and conditions of your tenancy agreement for full details.

houseea.co.uk (Lettings) reserve the right to add or amend the schedule of fees and terms of business upon providing reasonable notice in writing.