Sherborne Tenant Fees

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Holding Deposit (Per Tenancy)

This is to reserve a property. Note this will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right to Rent check, provide materially significant false or misleading information or fail to sign their tenancy (and/or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing.) Should the Tenant(s) withdraw or fail referencing due to non-disclosure and/or falsified references this money will not be returned. It can, with your agreement be used as a contribution towards your first month’s rent or Tenancy Deposit if the Tenancy proceeds to move in/completion.

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Tenancy Deposit (per Tenancy) - Rent under £50,000 per year

covers damages or defaults on the part of the tenant during the tenancy.

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Tenancy Deposit (per Tenancy) - Rent of over £50,000 or over per year

covers damages or defaults on the part of the tenant during the tenancy.

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Unpaid and/or late Rent payment(s) - England

Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears. Please contact us straight away if you are unable to make a payment. We are here to help so please contact us with any queries. Failure to do so may result in legal action being taken.

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Variation of Contract (Tenants Request)

To cover the costs associated with taking the landlord’s instructions as well as the preparation and execution of new legal documents.

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Change of Sharer (Tenant's Request)

To cover the costs associated with taking the landlord’s instructions, new tenant referencing, Right to Rent checks, deposit registration as well as the preparation of new legal documents.

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Application Fee, Company Let

This is to reserve a property. Please note this will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a right to rent check, provide materially significant false or misleading information. This fee will be paid to cover costs in respect of taking up references and preparation of tenancy agreements for a Company Let. You will be asked to pay a minimum of £200 of the deposit when the application proceeds, in order to secure the property subject to references. Company Let Tenancy means where a Company takes a residential tenancy agreement as the Tenant rather than the individual. The Tenancy will be in the Company name, the company employee will live in the property.

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Application Fee, Non Housing Act Tenancy

This is to reserve a property. Please note this will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a right to rent check, provide materially significant false or misleading information. The Fee is paid to cover costs in respect of taking up references and preparation of tenancy agreements. Non AST/Common Law Tenancy: eg, where the property is not the tenant(s) main home or the rent is over £1000,000 per year

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Renewal Fee, Non Housing Act Tenancies

After the expiry of a fixed term and both parties wish to extend the tenancy, a fee will be payable for renewing or extending the tenancy agreement on each occasion, irrespective of the length of the extended period or the type of agreement.