Tenant Fees

Below is a brief breakdown of our standard tenant fees and also a note on some which may apply depending on the circumstances. For more information about these fees please contact our Lettings Department direct on 01793 431725 or by email at enquiries@incentivised.com

Holding deposit
(per tenancy)
One weeks 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 over £50,000 per year)
Six weeks rent.This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid rentInterest 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 cost 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
(tenants 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
(tenants 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
(tenants 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 of the tenancy.

Initial administration fee

What is covered?

  • Referencing (which is likely to include a credit check, employer check (or accountants report of provision of SA302 Self Assessment form if self employed), current or previous landlord check, and any other information that may help assess the affordability of the tenant.
  • Drawing up the Tenancy Agreement.
  • Drawing up the Inventory & Schedule of Condition.
  • Move out inspection at the end of the Tenancy.

£400.00 (including VAT) for the first tenant
£100.00 (including VAT) for each additional tenant

Other fees which may apply

Guarantor – Depending upon your individual circumstances and the recommendations of our referencing agency you may be required to provide a Guarantor.  Your Guarantor would be referenced to ensure that they have sufficient financial standing s to cover the overall rental commitment in the event that you, as the tenant, are unable to pay your rent.  The fee is payable in respect of each Guarantor

£90.00 (including VAT) for each Guarantor

Tenancy Renewal/Extension/New Fixed Term Tenancy

£90.00 (including VAT)

Addendum to Initial Tenancy Agreement (upon agreement with landlord) 

£60.00 (including VAT)

Addendum to Existing Tenancy Agreement (upon agreement with landlord) 

£300.00 (including VAT)

Change of Sharer 

£300.00 (including VAT)

Administration Fee to process/chase unpaid rent

£30.00 (including VAT)

Administration Fee to process refund of any overpayment of rent

£30.00 (including VAT)

Replacement of Lost Keys

£15.00 (including VAT)

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