Sibley Pares Tenant Fee Schedule

TENANT FEE SCHEDULE

Sibley Pares are a long-established firm of Estate Agents and Chartered Surveyors regulated by the RICS, NAEA and ARLA

The below fees are in line with the Tenant Fee Act 2019, they are payable to Sibley Pares and apply per tenancy.

HOLDING DEPOSIT

One week’s rent (per tenancy) 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 the 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 for Rent under £50,000 per year. Five weeks rent. This covers damages or defaults on the part of the tenant during the tenancy.

Per tenancy for Rent over £50,000 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.

LOST KEY(S) OR OTHER SECURITY DEVICE(S)

Tenants are liable for 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 and any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £30 per hour (Inc. VAT) for the time taken replacing lost keys(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 pay the landlords 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. 

Aborted Visit Charge: 
Cancellation of routine visit without providing 24 hours’ notice £50 inc VAT.

Since 1 April 2019 all agents in England whose business covers lettings and property management whereby, we hold client money, must belong to a government-approved Client Money Protection scheme.  

Client Money Protection is a compensation scheme for landlords and tenants and provides cover if an agent misappropriates rent, deposit, or other client funds. It is a requirement as a NAEA member for us to have Client Money Protection scheme in place. For further information on this do not hesitate to ask a member of our team.

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