Holding deposit (per tenancy)
Equivalent to two week’s rent, this will reserve the property for fourteen days to allow the relevant paperwork and referencing (including Right to Rent) for the tenancy to be completed. It will be retained if you withdraw your application or fail the referencing process (which includes providing false/misleading information) or fail to complete the tenancy agreement.
Reference fee
£50 (plus VAT) £60 (inc VAT) per tenant. Processing the application and referencing.
Permitted occupant check fee
£25 (plus VAT) £30 (inc VAT) per occupant over 18. We must check every occupant over 18 has the legal right to rent in the UK.
Guarantor fee
£50 (plus VAT) £60 (inc VAT) per guarantor (if required). Processing the application and referencing.
Deposit
Equivalent to six weeks rent. This will be protected in the Tenancy Deposit Scheme and will be returned in accordance with the terms of your tenancy agreement. This covers damages or defaults on the part of the tenant during the tenancy.
Variation of contract (tenant’s request) £600 (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.
Arrears Letter Charge
£25 (plus VAT) £30 (inc VAT). Fee per rent arrears letter sent.
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.
Unpaid rent
Interest will be charged at 3% above the Bank of England base rate for rent that is unpaid for 14 days or more, charged for each day that it is outstanding. 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 for the actual cost of replacing any lost keys or other security devices. 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 and 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 keys or other security devices.
Professional cleaning
As per the charge of the cleaning company. The charge will be deducted from the deposit if this has not been carried out at the end of the tenancy. Only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy.
Chancery Lettings are members of the Property Redress Scheme (Consumer Redress Scheme) and have Client Money protection with Client Money Protection Scheme.