Sharman Quinney Ramsey
Tenant Fees
Tenant Fees
Fee Name | Explanation | Cost (inc. VAT) |
---|---|---|
Default fee for late payment of rent | Chargeable from 14 days arrears calculated on the interest at 3% above Bank of England base rate on the late payment of rent for each day that the payment is outstanding. | See Explanation |
Loss of a key or other security device | Landlords and letting agents can charge a tenant a fee to cover the cost of replacing the lost key or security device (e.g. fob, electronic device for garage doors / security gates). | See Explanation |
Payment on variation, assignment or novation of a tenancy | When a tenant has requested it, landlords and letting agents can charge to vary, assign or replace a tenancy. Fee charge £50 (including VAT). | £50.00/person |
Payment on termination of a tenancy | Landlords and letting agents can require a tenant to make a payment for an early termination (surrender) of the tenancy agreement at the tenant's request. | See Explanation |
Company application fee | £100 including VAT | £100.00/person |
Tenant Fees Act 2019 and Existing 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:
Fee Name | Explanation | Cost (inc. VAT) |
---|---|---|
Negotiating and Agreeing a renewal / extension to your tenancy (tenant share) | One off charge for each renewal/extension Negotiating and agreeing a tenancy renewal between you and your landlord, including any special clauses or requirements which have been requested, once negotiations are finalised produce final copies for signature. This cost of this is shared between the landlord and tenant, paid for at the time of the renewal. | £114.00/person |
Rent Arrears Letter | Cost of each rent arrears letter resulting from rent not being paid, remaining unpaid, and requesting payment | £30.00/person |
Breach of tenancy agreement letter | Cost of breach letter resulting from the tenant breaching the tenancy agreement and requesting that the breach be stopped and remedied | £30.00/person |
Change of Sharer | Fee to be paid where a landlord agrees to an existing joint tenant’s request to leave the tenancy and be replaced with a new joint tenant, to include cost of referencing new tenant and replacement tenancy agreement. | £240.00/person |
Payment into non-UK bank account | Fee to be paid to cover the additional cost of making a payment into a non-UK based bank account. | £30.00/person |
For more details, please contact the branch:
Sharman Quinney 17 Great Whyte
Ramsey
Cambridgeshire
PE26 1HG
Go to Sharman Quinney Ramsey branch page
Ramsey
Cambridgeshire
PE26 1HG