As directed under the Consumer Rights Act 2015 please find below a list of
charges/fees that are payable to Earnshaw Kay from a landlord or a tenant
Permitted Payments, Default Fees and Damages Payments which may apply to your tenancy as defined by the Tenant Fees Act 2019:
Holding Deposit (which will be offset against your first rent payment at the point of moving in)
Once you have been provisionally accepted by the landlord (subject to references and contract) the Holding Deposit becomes payable. It will not be returned should you provide false or misleading information, fail a Right to Rent check, unilaterally withdraw your application or fail to take all reasonable steps to enter into a Tenancy Agreement within the agreed timescale. The Holding Deposit will be one week’s rent.
Late payment of rent
The Agent/Landlord is entitled to charge interest at 3% above the Bank of England’s base rate for each day that a rent payment is outstanding. This charge will be applied once the rent has been outstanding for 14 days or more and will then be backdated to the rent due date. Payment of interest must be made at the same time as the rent is brought up to date.
Replacement or additional keys or entry/security devices
The Agent/Landlord is entitled to be fully reimbursed for all reasonable costs incurred in replacing existing or providing additional keys and security/entry devices immediately upon production of a receipt/invoice. The Agent’s time in doing so will be charged at £15.00 per hour including VAT.
Changes to a Tenancy
Should the tenant make a reasonable request to alter the Tenancy Agreement after the commencement date, the Agent is entitled to make a charge of £60 including VAT. For example a request for pets to be kept at the property, a change of sharer of a joint tenancy, permission to add a new occupier. All such requests remain subject to the Landlord’s approval.
Early Termination Fees
Should the tenant request early termination of their tenancy, and the Landlord agrees to the request, the Landlord/Agent will be entitled to recover the Landlord’s Letting Fee as detailed in the Terms of Business between the Landlord and Agent, from the Tenant. The Tenant will also be responsible for the rent up until the day a new tenant takes over responsibility. This is subject to the Landlord’s consent.
A fee of £480 inclusive of VAT will be made for a company let. If after the expiry of a fixed term both parties wish to extend the tenancy, a fee of £120 inclusive of VAT will be payable for renewing or extending the Tenancy Agreement.
(All fees include VAT)
Managed Letting Fee £474.00
Tenancy renewal fee £60
Standard commission (subject to a minimum fee of £60 pcm) 12%
Partial Management Fee £474.00
Standard commission (subject to a minimum of £50 pcm) 9.6%
Check-in report £120.00
MISC Fees for Fully and Partially Managed Landlords
Overseeing Large works over £500: £12%
Landlord Gas Safety £60.00
EICR: 1 bed £108.00, 2 bed £144.00, 3 bed £156.00, 4 bed £174.00
Let Only Fee £474.00
Check-in report £120.00
Check-out report £114.00
Kitchen equipment/corporate furnished Inventory £60.00
Landlord Gas Safety £96.00
Guarantor referencing £54.00
Produce a floor plan £72
Tenancy renewal fee £114.00
Serving Section 21 notice £90.00
End of tenancy deposit negotiations £60.00
Earnshaw Kay are members of the Property Ombudsman Lettings Scheme (Membership number D5303).
We use The Deposit Protection Scheme to register all tenant deposits (Registration number 1285814).
We are registered for Client Money Protection (A5931).