Tenant information
Tenancy Agreements subject to the Tenant Fees Act 2019:
Holding deposit
One week’s rent to reserve a property and will then
contribute towards the first months rent.
Security deposit
Equivalent to five weeks’ rent, rising to six
week’s rent when the annual rent is in excess of £50,000.
Rent and utility bills
As outlined in the Tenancy Agreement.
Unpaid rent
This will potentially incur interest at 3% above the Bank of
England base rate, as outlined in the Tenancy Agreement.
Lost keys
Tenants are liable for the cost of replacing any lost keys or
security device, including a change of lock or replacement of device if required.
Amendments of Tenancy Agreement at Tenant’s request
Amendments of Tenancy
Agreement at tenant’s request a minimum of £50 per change which could increase depending
on the level of work required to carry out the amendment.
Early surrender of the tenancy
Should a tenant need to surrender the tenancy
early and the Landlord agrees to re-let the property, the liability for the payment of rent will end
once a new tenant is found and takes up occupation. However, the tenant will still need to cover the
Landlord’s costs for re-letting the property.
Tenancy Agreements not subject to the Tenant Fees Act 2019:
A one off upfront
payment of £180 per tenancy which is a contribution towards processing the application,
drawing up the Tenancy Agreement and registering the deposit.
Tenant reference charge
(£60 per tenant) covers collecting and verifying
references from employer/accountant and previous landlord reference as well as carrying out a credit
check and collecting a copy of passport, proof of residency, bank statements and a recent payslip.
Guarantor charge
(£60 per guarantor if required) covers credit
referencing and preparing a Letter of Guarantee as part of the Tenancy Agreement.
Professional check-in fee
(£144) enables us to arrange a date and time
with the tenant to be checked in at the start of the tenancy and checked out at the end of the
tenancy, instruct inventory providers, agree the terms of the security deposit disbursement between
Landlord and tenant, return deposit as agreed with the Landlord and tenant to relevant parties,
remit any disputed amount to the Tenancy Deposit Scheme for final adjudication, unprotect security
deposit, instruct contractors and obtain quotes, organise repairs/replacements/cost of any broken or
missing items.
Renewal charge
(tenant share, £144) covers the cost of negotiating and
administering the renewal and re-registering the deposit with the Tenancy Deposit Scheme.
If a tenant decides to rent a property through James Alexander in the name of a business or company
the tenancy administration and reference charge will be £480 for a new tenancy and £240
for every renewal.
Further information
All prices are inclusive of VAT.
