Agent Fees - Tenant
Tenant holding deposit: £ one week's rent
A non-refundable deposit paid by a tenant in order to secure a property whilst the administration takes place. If the let proceeds, this fee is refunded or offset against the move in monies.
To amend a tenancy: £50.00
A charge made in order to administer a change to a tenancy including a replacement tenant situation or early termination of a tenancy.
Dilapidations Deposit: £ equivalent to five weeks rental amount
A deposit paid by the tenant at the start of a tenancy which can be held either by Adams or the landlord for the duration of the tenancy. At the end of the tenancy, it is dealt with in accordance with the terms of the tenancy agreement.
Default Fees
Late payment of rent: £ daily interest at the Bank of England’s base rate + 3%
An interest charge will be applied if a rent payment is more than 14 days overdue for each day the payment is outstanding.
Lost keys: £ reasonable costs incurred
A charge for a lost key(s) or equivalent security device(s). The landlord or agent will provide evidence, in writing, to the person liable for the payment to demonstrate that the costs they have incurred are reasonable.
Re-letting cost: £350.00 (maximum)
If the tenant wishes to surrender the tenancy during a fixed term (early termination), and the Landlord agrees, a payment to cover the costs of marketing, a new tenancy agreement and references for a new tenant, this will not exceed our losses.
Non-housing Act Tenancy
Holding deposit: £300.00
A non-refundable deposit paid by a tenant in order to secure a property whilst the administration takes place. If the let proceeds, this fee is refunded or offset against the move in monies.
Reference fee (including tenancy agreement): £300.00
An administration fee in order that referencing can be completed on the Company including ID checks on the Occupiers, financial checks and any other relevant checks to assess affordability, as well as contract negotiation and arranging completion of the tenancy agreement.
Guarantor reference fee (including tenancy agreement): £150.00
An administration fee in order that referencing can be completed on the guarantor including ID checks on the occupiers, financial checks and any other relevant checks to assess affordability, as well as contract negotiation and arranging completion of the tenancy agreement.
Extension tenancy agreement (each tenancy) £200.00
An administration fee in order for a new fixed-term to be negotiated and agreed together with any new ID checks and arranging completion of the tenancy agreement.
Dilapidations deposit: £ equivalent to five weeks rental amount
A deposit paid by the tenant at the start of a tenancy which can be held either by Adams Estates or the landlord for the duration of the tenancy. At the end of the tenancy, it is dealt with in accordance with the terms of the tenancy agreement.
All fees quoted are inclusive of VAT at the prevailing rate where applicable.
Client Money Protection (CMP) is provided by SafeAgent Independent Redress is provided by The Property Ombudsman
