TENANT FEE SCHEDULE

Under the terms of the Tenant Fee Act if you enter into an AST (Assured Shorthold Tenancy) the following payments will/may apply:
First month’s rent in advance
Holding Deposit maximum of one week’s rent
Tenancy Deposit 5 or 6 week’s rent depending upon the rental amount
Early tenancy termination (when requested by the tenant) A charge not exceeding the financial loss experienced by the landlord (please see landlord fee schedule)
Default charge for late payment of rent Limited to interest charged at 3% above Bank of England base rate (when rent is more than 14 days late)
Default charge for replacement of lost keys or security devices Equivalent to the cost incurred
Changing the tenancy document after the commencement of the tenancy  (i.e permission is granted for: a pet, to redecorate, sub-let or run a business from home) £50.00 (not subject to VAT)
Utilities, council tax, TV licence and communication services
Under the terms of the Tenant Fee Act if you enter into an NHA Tenancy (Non Housing Act) the following payments will/may apply:
Company Referencing Fee
(includes verification of details, credit check and Companies House check)
£180.00 (not subject to VAT)
Individual Reference Fee (per person)
(includes verification of details, rent to rent check, credit check, employer, landlord and or accountant reference)
£100.00 (not subject to VAT)
Guarantor Referencing Fee
(includes verification of details, credit check, employer, and or accountant reference)
£100.00 (not subject to VAT)
Tenancy Agreement & Set Up
Negotiating, preparing and drafting the tenancy agreement
£100.00 (not subject to VAT)
Deed of Guarantee Fee
Preparing, drafting the Guarantor Deed, negotiating clause and executing the document
£75.00 (not subject to VAT)
Amendment Fee
Contract negotiation, amending and updating your tenancy agreement during your tenancy
£75.00 (not subject to VAT)
Tenancy Renewal Fee
Contract negotiation, amending and updating terms and arranging a further tenancy agreement
£75.00 (not subject to VAT)
Charge for late payment of rent Limited to interest charged at 3% above Bank of England base rate (when rent is more than 14 days late)
Overpaid Rent Fee £30.00 (not subject to VAT)

An NHA Tenancy is formed where:

* The property is rented as a Company let rather than an individual

* There is a Resident Landlord

* The property is not used as a main or primary home

* The annual rent exceeds £100,000

If you have any questions regarding the fees or type of tenant, please feel free to ask.

 Please note: All initial monies and charges will be confirmed and must be paid bank transfer. Ballards DO NOT accept cash.