Tenant Fees
As well as paying the rent, you may also be required to make the following permitted payments. All the following fees are inclusive of VAT at the current rate, unless otherwise stated.
Permitted Payments
| Before the Tenancy starts (payable to John Shepherd Lettings ‘the Agent’) | |
|---|---|
| Holding Deposit (Reservation Fee): | 1 week’s rent |
| Security Deposit: | 5 weeks’ rent (6 weeks’ rent on properties with rent more than £50,000 a year). |
| During the Tenancy (payable to the Agent) | |
|---|---|
| Payment if you want to change the Tenancy agreement (for example adding a new person to the Tenancy etc.) | £50.00 (net £41.67) |
| Payment of interest for the late payment of rent | A rate of 3% above Bank of England base rate. |
| Payment of reasonably incurred costs for the loss of keys/security devices | |
| Payment of any unpaid rent or other reasonable costs associated with your early termination of the Tenancy/breaking the contract.* |
* The Tenant will be required to give one month’s notice and will be subject to paying the Landlord the equivalent of two month’s rent, along with his reasonable costs incurred in identifying a replacement Tenant.
Other Permitted Payments
Any other permitted payments, not included above, under the relevant legislation including contractual damages.
Company Lets
Under new legislation, we are not permitted to charge Administration/Application fees to Tenants unless the property is being Let by a Company. Therefore, the fees below relate purely to Company Let Properties.
| Company Let (Non Housing Act) Application Fee: | £300,00 |
| Company Let (Non Housing Act) Administration Fee | £576.00 |
*Please note that we are unable to accept payment from American Express Credit Cards*
Tenant Protection
John Shepherd Lettings are a proud member of Propertymark, which is a client money protection scheme, and we are also a member of The Property Ombudsman which is a redress scheme. You can find out more details on our website or by contacting usr directly.