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Tenant Fees Explained


Chelton Brown Fee Information for Prospective Tenants

In addition to the advertised rent, the following fee(s) apply:
 

Administration Fees
 

NO ADMINISTRATION/APPLICATION FEES CHARGED FOR ASSURED SHORTHOLD TENANCIES

Company Lets & other non housing act contracts

Company let fee - £400 Inc. VAT
 

This fee(s) is/are payable to conduct your references and other administrative work. Chelton Brown will NOT hold the property until you provide all required documents and successfully pass your references.

The fee(s) is/are NON-REFUNDABLE.

 

PERMITTED PAYMENTS SCHEDULE – ASSURED SHORTHOLD TENANCIES

Holding Deposit (per tenancy)

One week’s rent.

This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

 

Security Deposit  (per tenancy. Rent under £50,000 per year)

Five weeks’ rent.

This covers damages or defaults on the part of the tenant during the tenancy.

 

Security Deposit (per tenancy. Rent of £50,000 or over per year)

Six weeks’ rent.

This covers damages or defaults on the part of the tenant during the tenancy.

 

Unpaid Rent

Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.

 

Lost Key(s) or other Security Device(s)

Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

 

Variation of Contract (Tenant’s Request)

£50 (inc. VAT) per agreed variation.

To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.

 

Change of Sharer (Tenant’s Request)

£50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher.

To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

 

Early Termination (Tenant’s Request)

Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

OTHER USEFUL INFORMATION FOR PROSPECTIVE TENANTS

To view/secure any of our properties you must match the criteria below:

  • Be in full time permanent employment 
  • Meet 'Affordability Criteria’ (please see affordability guideline below)
     

Affordability Guideline:

Rent PCM                Required income per annum

£500                          £15,000 - £16,500
£550                          £16,500 - £18,000
£600                          £18,000 - £21,000
£700                          £21,000 - £24,000
£800                          £24,000 - £27,000
£900                          £27,000 - £30,000
£1000                        £30,000 +
£1500                        £45,000 +
£2000                        £60,000 +

We are members of ARLA Property Mark for our Client Money Protection. Click here for more information.

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4/5 George Row,
Northampton,
Northamptonshire,
NN1 1DF
Telephone: 01604 603433

Contact us

59 High Street,
Daventry,
Northamptonshire,
NN11 4BQ
Telephone: 01327 879431

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Registered Name: Chelton Brown Ltd | Place of Registration: Northampton
Registered Number: 5521012 | Registered Office: 4-5 George Row, Northampton, Northamptonshire, NN1 1DF