Fees for Residential Agency

//Fees for Residential Agency
Fees for Residential Agency 2019-08-27T17:00:03+01:00

LB Property Management Solutions Ltd

Tenancy Fees and payments in relation to Residential Agency – AST Agreements

FEES CHARGEABLE TO A TENANT FROM 1ST JUNE 2019: (does not apply to tenancies which commenced prior to 1st June 2019)

  • A REFUNDABLE TENANCY DEPOSIT capped at no more than five weeks’ rent where your total annual rent is less than £50,000, or six weeks’ rent where your total annual rent is £50,000 or above
  • A REFUNDABLE HOLDING DEPOSIT (to reserve a property) capped at no more than one week’s rent
  • CHANGE THE TENANCY when requested by the tenant, capped at £50 (INCLUSIVE of VAT) or (£41.67 plus VAT), or reasonable costs incurred if higher
  • EARLY TERMINATION OF THE TENANCY, when requested by the Tenant – The existing Tenant will be liable for the Landlord’s fees for finding a new Tenant as well as the rent until a new Tenant occupies the property. (please see the Landlord’s fee structure for further information)
  • There will also be a charge of £180.00 (INCLUSIVE of VAT) or (£150.00 plus VAT)
  • PAYMENTS IN RESPECT OF UTILITIES, COMMUNICATION SERVICES, TV LICENCE AND COUNCIL TAX
  • A DEFAULT FEE FOR LATE PAYMENTS OF RENT where the payment has been outstanding for 14 days or more, interest will be charged at no more than 3% above the Bank of England’s annual percentage rate for each day it is outstanding
  • A FEE FOR THE REPLACEMENT OF KEYS/SECURITY DEVICES giving access to the housing

FEES CHARGEABLE TO A TENANT which commenced prior to 1st June 2019 and will only be chargeable up until 31st May 2020 – subject to the AST Tenancy Agreement

All charges are INCLUSIVE of VAT at the standard rate (20%)

  • Riders or Addendums – £60
  • Company Agreements – £240
  • Agency Fee First Application – £180
  • Agency Fee Subsequent Applications – £60
  • Overpayments presented to Agent’s bank returned – 1.2% of overpayment (£6.00 Minimum)
  • New agreement fee for the same property (inc My Deposit fee) – £180
  • Guarantor Agreement Fee – £90
  • New Agreement Fee for Different Property – £144
  • New Agreement fee for the same property where one Tenant vacates – £90
  • Organising General Repairs through Tenant fault or damage – 12% of cost of works
  • Nominal Organising Fee – £18
  • Charge for any correspondence to Tenant(s) concerning breaches of the tenancy agreement – £30
  • Charge for any correspondence to Tenant(s) for reminders or arrears – £30
  • Call-out charge to the property (eg: lost keys) – £90 & £90 per hour thereafter

FEES CHARGEABLE TO A LANDLORD

Landlord Fees – Download

If you require further information regarding our fees, please contact the office on 01278 450 350 or via e-mail at info@lbp-rics.co.uk.

Enquiry About Property

Contact Details

Address

Lyndon Brett Partnership

County Court Chambers
Queen Street
Bridgwater
Somerset
TA6 3DA

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