Fees for Tenants-List of Fees for Tenants Renting a Property

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Assured Shorthold Tenancies
Permitted Payments
Before the Tenancy Starts
Holding Deposit (Reservation Fee)		1 Week's Rent
Security Deposit		5 Weeks' Rent (6 Weeks' Rent on Properties With Rent More Than £50,000.00 a Year)
During the Tenancy
Variation, Novation or Assignment of the Tenancy Agreement		£50.00 inc. VAT (net £41.67)
Rent Outstanding for 14 Days or More		3% Daily Interest Rate (above Bank of England Base Rate)
Payment of incurred costs for the loss of keys/security devices
Payment of any Unpaid Rent or Other Costs Associated with Your Early Termination of the Tenancy/Breaking the Contract*
*The Tenant will be required to give 1month's notice and will be subject to paying the Landlord the equivalent of 2 month's rent, along with his reasonable costs incurred in identifying a replacement Tenant.
Nil Deposit Scheme - Reposit*
Initial Charge (One-off, non-refundable service charge payable direct to Reposit.)		1 Week's Rent
Annual Extension Charge (Payable direct to Reposit on the anniversary of your move in date if you stay longer than a 12 month period.)		£30.00 inc. VAT (net £25.00)
Replacement of Tenant Charge (Admin charge payable direct to Reposit to update Tenant’s details.)		£50.00 inc. VAT (net £41.67)
ADR Charge (Alternative Dispute Resolution) (Payable direct to Reposit if a claim goes to ADR and the adjudicator finds the claim to be wholly in the favour of the Landlord.)		£60.00 inc. VAT (net £50.00)
Other Permitted Payments
Any other permitted payments, not included in the above table, under the relevant legislation including contractual damages.
Non-Housing Act Tenancies 1988 (e.g. Company Let Tenancy)
Under new legislation, we are not permitted to charge fees to Tenants unless the Tenancy is a Non-Housing Act Tenancy, e.g a Company Tenancy.
Administration/Application Included within your Application Fee; Tenant Referencing checks which include affordability, current/previous Landlord checks (if applicable), Credit Report Checks, Immigration Right To Rent in the UK validation including Identification checks and preparation, delivery and completion of Tenancy documentation.
North/South Manchester		1 Tenant £249.60 inc. VAT (net £208.00) 2 Tenants £398.40 inc. VAT (net £332.00) 3+ Tenants or Company £510.00 inc. VAT (net £425.00) Guarantor £234.00 inc. VAT (net £195.00)
Manchester City Centre		1 Tenant £280.00 inc. VAT (net £233.33) 2 Tenants £450.00 inc. VAT (net £375.00) 3+ Tenants or Company £595.00 inc. VAT (net £495.83) Guarantor £255.00 inc. VAT (net £212.50)
Rental Arrears
Rent Outstanding for 14 Days or More		3% Daily interest Rate (above Bank of England Base Rate)
Rent Outstanding for 14 Days or More		£54.00 inc. VAT (net £45.00) Per Week Until Rent Balance is Clear
Non-Payment of Standing Order or Returned Cheque		£54.00 inc. VAT (net £45.00)
Letter or Email Sent in Respect of Outstanding Rent		£54.00 inc. VAT (net £45.00)
Property Visit in Respect of Outstanding Rent		£54.00 inc. VAT (net £45.00)
Matter Escalated to Legal Advisors		£54.00 inc. VAT (net £45.00) Charge for Each Letter Sent
Tenancy Renewal
Tenancy Extension/Renewal		£216.00 inc. VAT (net £180.00)
Miscellaneous
Change of Tenancy Commencement Date Prior to Start of Tenancy (If the Tenancy paperwork has already been prepared by the Agent and distributed.)		£30.00 inc. VAT (net £25.00)
Property Alterations - Variation of the Tenancy Agreement		£99.00 inc. VAT (net £82.50)
Any Other Variation, Assignment or Novation of the Tenancy		£294.00 inc. VAT (net £245.00)
Tenancy Reference to Any Third Party		£54.00 inc. VAT (net £45.00)
End of Tenancy Property Clean or Repairs		£54.00 inc. VAT (net £45.00)

*Please note that we are unable to accept payment from American Express Credit Cards*

Fees for Tenants

All the following fees are inclusive of VAT at the current rate

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