Fees
- From 1 November 2013 all letting agents are required by law to provide details of their fees to prospective tenants on all marketing material. Not all fees are required but administration and exit fees are included.
- Other charges by letting agents might include:
- Administration Fees
- Inventory Fees
- Check-in fees
- Check out fees
- Late Payment Fees
- Replacement key costs
- Interest on late payment fees
- Maintenance payment administration fees
- Call out fees
- Abortive call out fees (when the call is not justified).
- If a tenant changes a utility supplier a £200 administration charge will be made to cover the administrative cost of reversing the change plus any monetary costs incurred. e.g.
- Pay any interest at the rate of 4% above the Lending Rate for the time being of the landlord’s bankers upon any rent or other money due from the tenant under this agreement which is more than 3 days in arrears in respect of the period from when it became due to the date of payment
- Pay all costs, charges and expenses (including legal costs and surveyors fees) incurred by the landlord incidental to any notice served or claim in respect of any breach of the tenant’s stipulations and conditions or any other provisions here contained.
- Pay £5:00 for each tied up and closed bin-liner full of rubbish remaining at the property following tenant departure.
- Pay £15:00 for each rubbish bag the landlord is obliged to fill at the property following the tenants’ departure.
- Pay £12:00 for each regular payment made other than by standing order. First payments can be made in any way without cost.
- Pay £15 for each reminder of late payment, howsoever communicated.
- These reminders will not exceed one every seven days from the due date of payment.
- Late payments are disproportionally costly and are less than charged by lenders to Leydon lettings.
- Pay £20 for each reminder for information where more than three requests have been issued over a three week period, but such information has not been received.
- After three weeks each and every reminder will attract a fee of £20 with no more than one reminder per week chargeable.
- Such information might include e.g.
- applicant information form,
- standing order forms,
- guarantor agreement forms,
- student I.D.,
- passport,
- driving license (where applicable).
- We wish to provide all our tenants with the best service available. Time spent repeatedly chasing documents detract from this service to the detriment of our overall service.
- Pay £25 for each occasion a standing order or direct debit or other payment method not paid into the landlord’s bank account by the due date.
- Pay £35 for each occasion where the landlord is asked or obliged to attend to collect or make payment.
- This applies whether late or not e.g.,
- where the tenant is otherwise unlikely to pay or
- where the tenant requires cash, instead of cheque, for the return of any overpayment;
- or requires a bank visit to enable an international bank transfer for which a further bank charge is likely payable.
- Pay £40 for each occasion where the landlord is asked or obliged to visit a property to enable access, following the loss or misplacement of household keys.
- Depending on the day and hour and whether a locksmith is involved this cost will reflect the actual cost rather than the lower fixed cost of £40.
- Pay £30 for each occasion where the landlord is asked or obliged to contact a tenant who keeps a pet at the property.
- Pay any bank charges resulting from the tenant’s insufficient bank account funds being available by the due date for payment or at the date the tenant has advised his bank to pay by standing order any payment to the landlord. The landlord does not accept responsibility for the tenant’s bank charges in any event and to clarify the landlord does not operate any direct debits and therefore has no control over the alteration of amounts, or amendment of dates, after the standing order has been set up. Where a tenant wishes to vary or postpone payments he must arrange this himself with his bank in person. Where a money transfer is made directly into the landlord’s bank account the tenant must quote the landlords reference which will at least include the tenant’s surname and house number. The tenant must also inform the landlord in writing, preferably by email, on the same day or without delay, stating the name of the bank, account and sort code from which the amount was paid and into which of the landlords bank accounts the amount was credited. The tenant is responsible for evincing any such payment by whatever payment means he has chosen to make including cash over a bank counter or telephone bank transfers where there is there is insufficient evidence to identify any payment. The landlord does not yet accept any payment by bank card or credit cards.
- The tenant agrees to cooperate with the landlord by making payments into any bank or banks the landlord nominates. The tenant is responsible for any bank or currency costs incurred by the landlord when refunding any deposit or payment.
- Pay any charges incurred by the landlord to recover unpaid rent and bills and repossession of the property.
- Where the landlord, in order to gain legal possession, is obliged to engage the services of the legal profession, the tenant will pay all reasonable collection costs.
- If, following non-payment of rent, Leydon Lettings is obliged to engage the services of a debt collection agency, the tenant will pay all related costs.
Published: 8 November 2013 Last Updated: 17 November 2021