FEES

TENANT FEES : Permitted Charges in accordance with the Tenant Fee Act 2019

Under the terms of the Tenant Fee Act if you enter into an

ASSURED SHORTHOLD TENANCY, payments which may apply will be as follows:

First month’s rent	in advance

Tenancy Deposit	5 or 6 weeks depending upon the rental amount

Holding Deposit	maximum one week’s rent

Early termination when requested by the tenant	a charge not exceeding the financial loss experienced by
Early termination when requested by the tenant	the landlord
	the landlord

Utilities, communication services, TV licence and council tax

Default charge for late payment of rent	limited to interest charged at 3% above Bank of England
Default charge for late payment of rent	base rate, when rent is more than 14 days late
	base rate, when rent is more than 14 days late

Default charge for replacement of lost key or security device	equivalent to cost incurred

Changing the tenancy documents after the commencement of the tenancy	£50 inc. VAT	£41.67 excl. VAT

A Non Housing Act Tenancy is formed when one of the following criteria is in place:

• The annual rent exceeds £100,000	• The property is occupied by an entity (Company let) rather that an individual
• The property is not used as a main or primary home	• There is a Resident Landlord
If you are in any doubt as to the type of tenancy which will apply to you, please speak to our staff.

Under the terms of the Tenant Fee Act if you enter into a		Cost (inclusive of VAT)	Net (exclusive of VAT)
		Cost (inclusive of VAT)	Net (exclusive of VAT)


Check-in Fee checking into the property and reviewing inventory		minimum of £72	minimum of £60

Tenancy Agreement and Setup drafting and execution of document if supplied by us		£300	£250

Administration Fee set up of monthly standing order for rental payments, collecting and		£50	£41.67
holding the Security Deposit as Stakeholder, issuing protection certificates		£50	£41.67


Company Referencing Fee inc verification of details, credit check and Companies House check		£175	£145.83

Individual Reference Fee (per person)		£75	£62.50

Extension Agreements Fee negotiating and drafting extension to the fixed term		£125	£104.17

Damage Fee checking replacement item with inventory and arranging for damage to be		£90	£75
rectified on conclusion of tenancy		£90	£75
rectified on conclusion of tenancy

Arrears Fee		£30	£25

Overpaid Rent Fee		£30	£25

Pet Licence		£75	£62.50

If there are any guarantors for the tenancy:

Guarantor Referencing Fee inc verification of details, credit check, employer and		£100 per guarantor	£83.33 per guarantor
accountant reference (if available)		£100 per guarantor	£83.33 per guarantor
accountant reference (if available)

Deed of Guarantee Fee drafting Deed, negotiating clauses and executing document		£75	£62.50

Vibrant Estates is a trading style of Teekay Consulting Limited (Registered in England and Wales no. 05936591 Registered office: 4, Carlton Drive, Barkingside, London IG6 1LU. We are members of The Property Ombudsman independent redress scheme ( D10463 ) . We are a part of Client Money Protection Scheme - CM Protect Ltd – Client Money Protect Membership number : CMP004162

LANDLORD Fees	Fee*
Lettings Service Fee including Marketing, using portals and newspaper advertising, accompanied	10 % + vat ( 12 % including VAT )
viewings and offer negotiations



Tenancy Set Up including producing the tenancy agreement, (fee shared with tenant), completion of	£550 + vat ( £ 660 incl VAT )
paperwork, tenant referencing, registration of tenant’s deposit and arranging pre-let works
Rent Collection	4% + vat ( 4.80 % incl VAT )
Full Management including property maintenance, property visit, service of notices, deposit negotiation	10 % + vat ( 12 % incl VAT )
together with all services applicable under rent collection
Fees on the first two years’ Renewals	6% + VAT ( 7.20 % inc VAT)
Instruction of another agent during sole agency period with us – Administration Fee	£200 + vat ( £ 240 incl vat)
Withdrawal from entering into a tenancy having instructed us to proceed –	£200 + vat ( £ 240 incl vat)
Administration Fee
Paper copies of statements of account	£2.00 per month + vat ( £ 2.40 incl vat )
Tax retention and completion of documentation for HMRC	£81 per quarter +vat ( £ 97.20 incl vat )
Administration fee for the provision of NRL gross annual income and expenditure statement	£36 + vat ( £43.20 incl vat )
to HMRC
Provision of a statement showing gross income and expenditure for the year	£100 + vat ( £ 120 incl vat )
Negotiations of deductions from Deposit (not Fully Managed)	£300 + vat ( £360 incl vat )
Attendance at Court/Tribunal	£120day/part thereof + vat ( £ 144 incl vat )
Service of Notices Administration Fee (including Section 8 or 21) where Full Management service is	£120day/part thereof + vat ( £ 144 incl vat )
not taken
Extra property visit	£30 + vat ( £ 36 incl vat )
Wait at property for landlord appointed Contractor following an arranged appointment	£30 per hour/part thereof + vat ( £ 36 incl vat )
Undertake partial or total furnishings for the property – Administration Fee	8 % total value + vat ( 9.60 % incl vat )
Key Cutting Administration Charge	£30 + vat ( £ 36 incl vat )
Gas Safety Administration Fee - Arrangement of Gas Safety Certificate where one is not provided at	£70 + vat ( £ 84 incl vat )
the commencement of the tenancy – Administration Fee
Vibrant Estates is a trading style of Teekay Consulting Limited (Registered in England and Wales no. 05936591 Registered office: 4, Carlton Drive, Barkingside, London IG6 1LU. We are members of The Property Ombudsman independent redress scheme ( D10463 ) . We are a part of Client Money Protection Scheme - CM Protect Ltd – Client Money Protect Membership number : CMP004162