Tenants Fees

Tenants Fees

Before the tenancy starts (payable to Black Katz Lettings)

  • Holding deposit: 1 week's rent (this will be deducted from the first month's rent)
  • Deposit: 5 week's rent if the annual rent is less than £50,000, and six weeks’ otherwise.

During the tenancy (payable to Agent)

  • Payment of £50 (inclusive of VAT) if you want to change the tenancy agreement
  • Payment for any unpaid rent or other reasonable costs associated with your early termination of the tenancy.
  • Default fees’ for replacement of loss of keys or security device from £6 for a Yale up to £300 for security devices. ( payable to Agent / Landlord). 
  • Payment of interest for the late payment of rent at a rate of 3% ( payable Agent / Landlord) above the Bank of England base rate.

Fees for Company Let

  • Fees for Company Let Set Up Cost and Referencing £500 inclusive of VAT
  • Administration Renewal fee of £500 inc V.A.T. to cover preparation of new legal contracts (not applicable on periodic tenancies) and re-referencing Tenant(s), where applicable.

Fees for Commom Law Agreements

  • Set up Fee of £145 inc V.A.T. per person to cover the preparation of all legal documentation and tenancy negotiations. Please note the set up fee on Managed Properties is £170 inc V.A.T. per person.
  • Reference Fee of £80 inc V.A.T. per person to cover the processing of collecting and checking of work, bank, and previous landlord references and collection of monies and provision of move-in packs.
  • Credit Check Fee payable to external credit agency from £25.00 inc V.A.T. and you will be notified prior to the Offer being submitted to the landlord if this is applicable.
  • Guarantor Fee £50 inc V.A.T. (per Guarantor ( if required)
  • Administration Renewal fee of £155 inc V.A.T. per person to cover preparation of new legal contracts (not applicable on periodic tenancies) and re-referencing Tenant(s) where applicable.
  • Administration Change of Tenant fee of £225 inc V.A.T. per person for ingoing Tenant.
  • To cover referencing of new tenants, preparation of all necessary legal paperwork and liaising with all existing Tenant(s). In addition there is a Contract Breakage Penalty of £240 inc V.A.T. per Tenant payable by the outgoing Tenant.
  • Default fees’ for replacement of loss of keys or security device from £6 for a Yale up to £300 for security devices. ( payable to Agent / Landlord).
  • Payment of interest for the late payment of rent at a rate of 3% ( payable Agent / Landlord) above the Bank of England base rate.

During the tenancy (payable to the provider) if permitted, and applicable

  • Utilities - Gas, Electricity and Water
  • Communications - telephone and broadband
  • Installation of cable/satellite
  • Television licence
  • Council Tax

Black Katz is a member of Safeagent (Client Money Protect), which is a client money protection scheme, and also a member of The Property Ombudsman which is a redress scheme. You can find out more details on the agent's website or by contacting the agent directly.

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