FEES IN RELATION TO TENANCY AGREEMENTS SIGNED ON OR AFTER 1ST JUNE 2019
By Vanet Property Asset Management - Canary Wharf, London, E14
Please note the charges listed below are the maximum fees that will be applied unless stated otherwise.
Fee 's/Charges from 1st June
Permitted Charges in accordance with the Tenant Fee Act 2019 for an Assured Shorthold Tenancy:
Holding Deposit - max one week's rent
First Month 's rent - in advance
Tenancy Deposit - 5 or 6 weeks depending upon the rental amount
Early termination (when requested by the Tenant) - a charge not exceeding the financial loss experienced by the Landlord
Late Rent - interest charged at 3% above Bank of England base rate when rent is more than 14 days late
Lost key (or security device) - equivalent to cost incurred
Changing tenancy documents (after commencement of tenancy) - £50 inc VAT
Non Housing Act tenancy fees – not affected by the Tenant Fee Act 2019:
Tenancy Agreement - £300 inc VAT
Extension Agreement - £125 inc VAT
Individual Reference per person - £75 inc VAT
Company Reference - £75 inc VAT
Damage Fee - £90 inc VAT
Guarantor Reference per guarantor - £100 inc VAT
Deed of Guarantee - £75 inc VAT
Check-out (minimum fee) - £135 inc VAT
Arrears Fee - £30 inc VAT
Overpaid Rent Return - £30 inc VAT
Pet Licence - £75 inc VAT
The Initial Money will be confirmed and must be paid by debit card or bank transfer. We do not have the facilities to accept cash.
Vanet is a member of and covered by the RICS Client Money Protection Scheme. Vanet is also a member of a redress scheme provided by The Property Ombudsman.
Last updated on 18/06/2019, 3:19 PM
Kindly note that legally, letting agents need to publish information about their tenancy fees, government-approved redress schemes and client money protection schemes on their website and on third party websites (on which agents are listed). For properties to lease/rent in England, agents need to keep this information up to date and precise on allAgents or specify within the property description.