News

Fee Ban 1st June 2019

Since 1st June 2019, the fees chargeable to a Tenant have changed and the vast majority of fees are no longer allowed. The exceptions to this, as well as some other important information is shown below. We are just waiting for our website to update to reflect the following information:

 

Fees payable:

Any rent that is unpaid for more than 14 days may be charged at an interest rate up to 3% above Bank of England base rate.

To secure one of our Lettings properties, you will be asked to pay a non-refundable holding deposit of up to 1 weeks' rent per dwelling.

Before you move into one of our Lettings properties, you will be asked to pay a deposit of up to 5 weeks' rent per dwelling (less any holding deposit already paid).

Company Lets are subject to an administration fee of £240 (including VAT) per dwelling.

If it is agreed that you are able to end your tenancy early, it is likely that you will be required to pay rent up until the point a new tenant moves in. Depending on the circumstances, you may also be asked to pay the Landlord's fee for re-letting the property. This would be a maximum amount of £540 (including vat).

If you lose your keys or do not return the full complement of keys or fobs at the end of your tenancy, you will be charged the full cost of replacing them, as well as an administration fee not more than £20 (including VAT).

If you wish to add or change a tenant within a Lettings property, you will be asked to pay an administration fee of £50 (including VAT) per dwelling.

If your tenancy with us began prior to 1st June 2019, then some fees may still be payable by you (such as renewal fees) until 1st June 2020.

 

 

In addition, Nicholas George Ltd ARE a member of the NALS (now SafeAgent) Client Money Protection Scheme.

Nicholas George Ltd ARE also a member of a professional redress scheme (The Property Ombudsman).

If you require any further information, please let us know.