TENANT FEE STRUCTURE

Tenant Referencing
These charges are payable by the landlord since the tenant fee ban came into place on June 1st 2019. All related costs of processing an application for a tenancy including retrieving critical information to comply with the Right to Rent checks initiating referencing, contract negotiation, processing all relevant paperwork throughout and finalising formal Tenancy Agreements. Charges are payable upon commencement of the application process. Should tenants decide not to proceed or fail referencing, the fee is covered by taking a holding deposit. £100 +VAT (£120) Per Tenant.

Guarantor Fee
Where a guarantor is required, additional referencing will be undertaken and further information required on each guarantor that is nominated by the tenants and preparing a deed of guarantee as part of the Tenancy Agreement. The related charge shown below is applied per individual guarantor and becomes payable following receipt of the tenant's references and once the guarantor/s completes the relevant application form. The fee is for undertaking referencing, obtaining satisfactory identification and preparing a deed of guarantee as part of the Tenancy Agreement In the event of the tenancy not being finalised for any reason or the replies to referencing proving unsatisfactory, such charges are not refundable. £50 +VAT (£60).

Company Let
For retrieving critical information, initiating referencing, processing all relevant paperwork throughout, preparing and finalising formal Tenancy Agreements. £150 +VAT (£180).

Deposit
The tenants are required to pay a deposit prior to move in to protect the landlord against any damage incurred during a tenancy which is deemed to be beyond normal wear and tear. The deposit will be equivalent to 1½ months’ rent and will be paid just prior to commencement of the tenancy. Where Daniel Brewer are protecting the deposit we will register the Landlord and tenant details and protect the security deposit with a government-authorised scheme. Provide the tenant(s) with the deposit certificate and prescribed information within 30 days of the tenancy. Due at least 5 working days before commencement of the tenancy.

Rent
Due at least 5 working days before commencement of the tenancy.

Tenancy Agreement Renewal fee
If a landlord and their current tenants are both happy in renewing a tenancy for another term then the tenants will cover the costs involved for negotiating revised terms, preparing all relevant paperwork and finalising the contracts. £100 +VAT (£120) (One off charge per each new tenancy agreement).

Inventory Fee
Daniel Brewer use an independent inventory clerk to prepare a detailed inventory (condition report). This document protects the interests of both landlord and tenants in the event of a dispute at a later date. £130 +VAT (£156).

Check Out Fee 
A third party inventory clerk will attend the property to undertake an updated schedule of condition based on the original inventory and will provide Daniel Brewer with the required information to negotiate the repayment of the security deposit £130 +VAT (£156).

Early Termination Fee
£400 +VAT (£480)