Fees

Applies To: Assured Shorthold Tenancies (ASTs) in England

This document sets out the permitted payments payable by tenants in accordance with the Tenant Fees Act 2019.

All fees stated are inclusive of VAT where applicable.

Permitted Payments
Holding Deposit (per tenancy)

£90 to reserve a property.

The holding deposit will be deducted from the total balance payable prior to the commencement of the tenancy.

The holding deposit may be retained if:

• The applicant withdraws from the tenancy

• False or misleading information is provided during referencing

• The applicant fails a Right to Rent check

• The tenant fails to sign the tenancy agreement within 15 calendar days (or other agreed deadline)

The holding deposit will be refunded if the landlord withdraws from the proposed tenancy or referencing is unsuccessful through no fault of the applicant.

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 of £50,000 or over 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 the rent due date until paid. This will not be applied 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 key(s) or other security device(s). If the loss results in locks needing to be changed, the tenant will be charged the actual cost of: • Locksmith attendance • Replacement lock • Replacement keys for the tenant, landlord and any other required parties Where additional time is reasonably incurred, a charge of £15 per hour (inclusive of VAT) may apply.
Variation of Contract (Tenant’s Request)	£50 (inclusive of VAT) per agreed variation or reasonable costs incurred if higher. This covers the costs associated with taking landlord instructions and preparing and executing new legal documents.
Change of Sharer (Tenant’s Request)	£50 (inclusive of VAT) per replacement tenant or reasonable costs incurred if higher. This includes landlord instructions, referencing, Right to Rent checks, deposit registration updates and preparation of legal documentation.
Early Termination (Tenant’s Request)	Should the tenant wish to leave their contract early, they will be liable for the landlord’s reasonable re-letting costs and all rent due under the tenancy until the start date of the replacement tenancy. These costs will not exceed the total rent outstanding under the tenancy.
Client Money Protection & Redress	Fish2let.com Ltd is a member of Propertymark Client Money Protection Scheme and The Property Ombudsman redress scheme.
Important Information for Tenants	This Tenant Fees Schedule will be provided to tenants before entering into a tenancy agreement and forms part of the pre-tenancy information provided by Fish2let.com Ltd.