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Tenant Charges/ Deposit

All charges include VAT at the prevailing rate of 20%, but are subject to change should the VAT rate increase. We reserve the right to amend our fees if we give you reasonable prior notice.

You should allow for the following payments when making an offer/entering into a tenancy to rent a property:

Arrangement charge (includes the tenancy agreement) £275 per tenancy
Referencing – individual applicant  £55 per person
Referencing – company tenant or guarantor £65 per application
Deposit Protection £25 per tenancy
Inventory check-in TBC depending on size of property
Holding deposit  £250 per person, Min £500
 
All offers are subject to contract and referencing and the holding deposit will be held against our expenses in processing your application. Please be aware that if you make an offer and later withdraw from this, then you may lose all or some of the above. Please ask us for further details.
*If your offer is accepted then this amount will be set off against the initial rental payment, so you are not making this payment twice.

References and Right to Rent
All applicant references are undertaken by an independent specialist referencing company. You will be asked to complete their online application form.
You will need to provide us with proof of your right to rent a property in England, in line with the Immigration Act 2014 and to prove your current address (such as an original bank statement, utility bill, council tax demand, etc. dated within the last 3 months). We will take a photocopy and return the originals to you. We cannot accept photocopies, faxes or scanned copies from you.

Renewal Charge
Preparation of renewal tenancy agreement £125 per tenancy

Additional Charges:
Amendments or changes to the tenancy terms
Should you wish to make any changes or amendments to the terms of the agreement once the tenancy has started then, dependent upon your landlord agreeing, we will draw up an addendum to the agreement.

Addendum is £137.50 (paid by the party requesting the amendment, but may be shared between both parties, if agreed).

Early release
If, for any reason, you request your landlord to agree to ending the tenancy earlier than the end date set out in the tenancy agreement, he/she does not have to agree to this. However should your landlord agree, then he/she can ask you to reimburse him/her for any financial loss he/she might suffer as a result. This may include:
A charge of £25.00 for the Deed of Surrender, the equivalent of the letting fee already paid by your landlord to us from the date you wish to end the tenancy until the date you could contractually end the tenancy (calculated as a daily rate) and/or the landlord’s cost of the arrangement charge of £275.00.
 
Change of sharer/Tenant Swap
Your landlord does not have to agree to you changing any of the named tenants during the tenancy term.   However he/she may agree to do so subject to you reimbursing him/her for any financial loss he/she might suffer as a result of ending one tenancy early and creating/ changing a tenancy. This will include:
The landlord’s arrangement charge £275
The tenant’s arrangement charge £275
Referencing proposed new tenant(s) £55 per person
Re-referencing current tenant(s (at LL’s request) £55 per person
Tenancy deposit protection, including administration charge £25
Inventory check £120


Security Deposits 

In England and Wales, if you rent your home on an assured shorthold tenancy that started after 6 April 2007, your Agent and/ or Landlord must place your deposit in one of the following tenancy deposit protection (TDP) schemes:

•Deposit Protection Service
•MyDeposits
•Tenancy Deposit Scheme

Chamberland Residential is a member of both the TDS and the DPS schemes. Details of where your deposit will be held will be given to you prior to the commencement of your tenancy along with the terms and conditions of the said scheme to assist with any questions you may have.