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Lettings Fees & Charge for Tenants from May 2020: Newbury
The asking rent does not include letting fees. Depending on your circumstances and the property you select, the following fees may apply:
For Assured Shorthold Tenancies:
In accordance with the Tenant Fees Act 2019 the following are permitted payments for AST tenancies:
- Rent - A capped refundable Holding Deposit of 1 week's rent. - A capped Tenancy Deposit of 5 week's rent for rent less than £50,000 per annum - A capped Tenancy Deposit of 6 week's rent for rent above £50,000 per annum - Payments in the event of a default - Payment in the event of loss of keys - Payment of £50 including VAT on a variation, assignment or novation of a tenancy - Payment on early termination (surrender) of a tenancy - Payment in respect of Council Tax, utilities (gas or other fuel, electricity, water or sewage), television license and communication services - Green deal charge (if applicable)
For Non Housing Act Tenancies including Company Lets the following are fees and payments for nha tenancies
- Rent - A refundable Holding Deposit - A Tenancy Deposit of 6 week's rent for rent. This may be increased if you have a pet. - Application for References is £100 inc VAT per person - Contribution to the preparation of a Tenancy Agreement is £264 inc VAT per tenancy - Extension, renewal, rent review, periodic or variation to tenancy documentation is £180 inc VAT per tenancy - Inventory check out (paid at the end of the tenancy) is £120 - £180 inc VAT although there may be additional charges for larger properties. - Payments in the event of a default - Payment in the event of loss of keys - Payment in respect of Council Tax, utilities (gas or other fuel, electricity, water or sewage) television license and communication services - Green deal charge (if applicable)
For all tenancies there are other costs that must be covered on top of the rent thoroughout the tenancy and at the end of a tenancy. These might include:
Utilities (gas or other fuel, electricity, water or sewage) Council Tax Television License Installation of cable/satellite and communication services Insurance (for your personal and own contents) Garden maintenance
Cleaning to a professional standard Inventory check out (paid at the end of a Non Housing Act tenancy including company lets) Dilapidations Replacement key or security device costs Late payment of rent interest charged at 3% above Bank of England based rate Reasonable costs will be charged to the tenant should the Landlord agree to an early termination (surrender) of the tenancy agreement at the tenants request
For further information on the above please contact our office and request our "Information for Prospective Tenants for AST" or "Information for Prospective Tenants for nha" document.
Client money protection: The Property Ombudsman Carter Jonas as members of ARLA Propertymark and RICS
The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.
Estimated consumption:
Gas: 6100 kWh/year
Electricity: 2100 kWh/year
Source: National Energy Efficiency Data Framework