Belgarum – Fees to Tenants
updated May 2015
www.belgarum.com
BEFORE YOU MOVE IN:
Set up fee (tenant’s share) - standard
£228 (inclusive of VAT) per tenant
Company
International applicants
Student
£480 (inclusive of VAT) per property
£348 (inclusive of VAT) per tenant
£360 (inclusive of VAT) per tenant
Guarantor fee
£90 (inclusive of VAT) per guarantor (if
required)
£150 (inclusive of VAT) per property
Accompanied check-in fee
Pet Deposit – subject to the Landlord consenting to
allow a pet to be kept at the property
Returnable additional Security Deposit
equivalent to an extra half a month’s rent
(per property)
Equivalent to half a month’s rent
Reservation fee
Referencing each tenant over 18 years of age (identity, immigration and visa confirmation, financial credit checks,
obtaining references from current or previous employers / landlords and any other relevant information to assess
affordability and suitability). Contract negotiation (amending and agreeing terms) and arranging the tenancy and
agreement.
Company credit check and referencing including referencing of the occupant.
Please note that there is an additional premium for applicants who have been living outside of the British Isles.
An individual student application fee is inclusive of one mandatory guarantor fee. Should a secondary guarantor fee
of £90 (inclusive of VAT) will apply.
Covering credit referencing and proof of affordability; preparing a Deed of Guarantee as part of the tenancy
agreement. n.b. this charge is applicable per each guarantor application.
Preparing an Inventory and Schedule of Condition of the property, accompanying tenants upon arriving at property
and take meter readings for utilities and services.
To cover the added risk of property damage. This will be protected with your security deposit in a Governmentauthorised scheme and may be returned at the end of the tenancy provided that the property has been fumigated
and carpets professionally cleaned.
To secure a property (subject to contract and references) the reservation fee is payable. This payment contributes
towards the first month’s rent OR paid to Landlord if tenants withdraw their application.
DURING YOUR TENANCY:
Amendment/addendum/permitted occupier fee
Replacement tenancy fee (tenant’s share)
£180 (inclusive of VAT) per property
£120 (inclusive of VAT) per property
Contract negotiation, amending terms and updating your tenancy agreement during your tenancy.
Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.
Check out fee (tenant’s share)
£150 (inclusive of VAT) per property
Future Landlord reference fee
£30 (inclusive of VAT) per reference
request
Attending the property to undertake an updated Schedule of Condition based on the original inventory and
negotiating the repayment of the security deposit(s).
Collating information and preparing a reference for a future landlord or letting agent.
ENDING YOUR TENANCY:
OTHER FEES AND CHARGES:
Lost security items
Out of hours services
Unpaid rent / returned payments / payment of rent
not made by Standing Order
Professional cleaning (if required)
Change of tenant / tenant swap (where one tenant
but not all tenants change)
Early release fee
-
£60 (inclusive of VAT) plus item cost
£60 per hour (inclusive of VAT) plus any
actual costs incurred
Interest at 8% above Bank of England Base
Rate from date due plus £24 (inclusive of
VAT) per late payment letter issued at 7,
14, 21 and 28 days becoming overdue
£30 per hour (inclusive of VAT) which will
be deducted from the Security Deposit
£300 (inclusive of VAT) per tenant
Equivalent to 1.2 x month’s rent
Obtaining necessary permissions, sourcing providers and travel costs.
Where actions of the tenant results in the agent (or nominated contractor) attending the property, time to remedy
the situation is charged at the prevailing rate.
Chasing rent arrears.
For rental payments not paid by Standing Order Mandate tenants will incur a charge of £24 (inclusive of VAT).
Only charged where professional cleaning is necessary to return the property to the same condition as at the start
of the tenancy.
To be paid by the outgoing tenant.
A change of tenant is only permitted subject to the Landlords prior consent.
An early release is only permitted subject to the Landlords prior consent and paid by exiting tenant.
All persons over the age of 18 that wish to reside in the property must be listed on the tenancy agreement and are subject to referencing and associated fees.
We require proof of identity and proof of address documents for each person named on the Tenancy Agreement. Please supply original copies of name and address verification; proof of address must
be no more than 3 months old. Immigration and visa confirmation will also be carried out.
Applicants will be subject to Anti Money Laundering checks in accordance with Belgarum’s Money Laundering policy for any transaction paid in cash over the value of £10,000.
Properties will be offered on an Assured Shorthold Tenancy Agreement (except where the tenant is a company or the rent exceeds £100,000 per annum). The Tenancy will deem to commence only
when vacant possession of the property has been obtained regardless of whether a Tenancy Agreement has been signed.
All properties are non-smoking.
A dilapidation deposit is required, which is usually 1.5 x the monthly rent (some Landlords require more). Security deposits will be registered under a government approved scheme.
CLIENT MONEY PROTECTION (CMP)
PROVIDED BY: ARLA
INDEPENDENT REDRESS PROVIDED BY: TPOs