Sheffield Residential..."Consistently Exceptional & Exceptionally Consistent"













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Fees for Renting your Sheffield Property

Sheffield Residential Believe in Fee Transparency!

From 1 June 2019, for any new tenancies (including renewals from 1 June 2019:

Application Fees

There will be no application or renewal fees.

Holding Deposit

A one week holding deposit is payable upon application. If the application is successful, this goes towards the tenancy deposit.

Deposit

A deposit equivalent to 5 weeks is payable. For parking spaces, a deposit of £100 is payable.

Contractual Charges/Fees

Late Rent Interest – 3% above the Bank of England’s Base Rate daily until payment is made and contractual damages for breach of contract.

Replacement costs of keys and devices and our reasonable costs incurred for replacing such items at £15 per hour.

Optional: Weekend check out fee of £50+VAT (£60).

Requests to change tenancy agreement (e.g. rent date) if permissible: £41.67+VAT (£50) or landlord’s reasonable costs.

Early termination if permitted by landlord – the landlord’s reasonable costs incurred and any financial loss.

Breach of Tenancy: Contractual damages.

Client Money Protection and Memberships

We have Client Money Protection via Safe Agent and are members of The Property Ombudsman for Lettings.

At Sheffield Residential we like to be transparent with our fees. If you have any questions please do not hesitate to contact us.

For tenancies entered into before 1 June 2019, the below applies:

Tenant Application Fee
£150 (£125+VAT)
is payable per individual/prospective tenant*
This is a non-refundable application fee

We will never ask you for a fee until you and any other person you intend to share a property with (and guarantors if applicable) have been provided with an application form and you are fully aware of what information and documents are required from you.

Guarantor Application Fee
£125 (£104.17+VAT)
is payable per individual/prospective guarantor, when applicable*
This is a non-refundable application fee

We will never ask you for a fee until you and any other person you intend to share a property with (and guarantors if applicable) have been provided with an application form and you are fully aware of what information and documents are required from you.

We do not charge any additional fees for tenancy set-up, check in or check out.

Renewals
Once a fixed term ends, we charge non-refundable renewal fees as follows
First Renewal
£100 (£83.33+VAT)
per individual tenant*

Guarantor Renewal fee per Guarantor £75 (£62.50+VAT)
Second Renewal
£85 (£70.83+VAT)
per individual tenant*

Guarantor Renewal fee per Guarantor £65 (£54.17+VAT)
Subsequent Renewals
£75 (£62.50+VAT)
per individual tenant*

Guarantor Renewal fee per Guarantor £50 (£41.67+VAT)  
Car Park Rentals
No application fee is charged for Parking Space rentals

*Per individual means for each prospective tenant and then for each prospective guarantor, where applicable.

The application fee covers our administrative costs of setting up an application file, undertaking viewings, liaising with the landlord, referencing, tenancy set up and arranging a check in and check out.

The renewal fee covers our administrative costs of setting up a renewal, confirming acceptance by the landlord, negotiation on rent and further referencing if required.

A deposit equivalent to one month plus £100 to 6 weeks is payable (in some circumstances, this is 8 weeks). For parking spaces, a deposit of £100 is payable.

You will be advised of all tenancy fees prior to making any payment of an application fee. The following are tenancy fees (if applicable):


Rent Overdue – First Notification Reminder Fee £40 (+£8 VAT = £48)
Rent Overdue – Second Notification Reminder Fee £50 (+£10 VAT = £60)
Rent Overdue – Third Notification Reminder Fee £70 (+£14 VAT = £84)
Rent Overdue – Subsequent Notification Reminder Fee £80 (+£16 VAT = £96)
Late Rent Interest – Daily above B of E Base Rate 6%
Contractual Reminder/Breach Letters £90 (+£18 VAT = £108)
Missed Check In/ Check Out Appointment £90 (+£18 VAT = £108)
Landlord reference (per request, per person) £35 (+£7 VAT = £42)
Office Set: Keys Handling Fee £25 (+ £5 VAT = £30)
Saturday or Fast Track Check in £50 (+ £10 VAT = £60)
Payment Return charge £20 (+ £5 VAT = £25)
Meter Reads During Tenancy (per request) £20 (+ £5 VAT = £25)
Abortive Appointment – access denied/restricted £75 (+ £15 VAT = (£90)
Additional Deposit Return Accounts (per account) £20 (+ £5 VAT = £25)
Fast Track: deposit returned within 10 working days £20 (+ £5 VAT = £25)
Fast Track: deposit returned within 5 working days £30 (+ £6 VAT = £36)
Fast Track: deposit returned within 2 working days £40 (+ £8 VAT = £48)
Late check out fee (after 12 noon) £25 (+ £5 VAT = £30)
Check in or check out re-arrangement fee £25 (+ £5 VAT = £30)

We do not accept cheques. Standing order and bank transfers are not charged by us. Any other payment that is not by standing order or bank transfer, we charge a non-internet/standing order handling fee of £5.

All tenancies are for a fixed term. In exceptional circumstances, we may agree for a fixed term tenancy to end early. Fees apply but these cannot be determined in advance due to a number of variable factors and can only be determined if applicable.

We have Client Money Protection via The National Approved Lettings Scheme and are members of The Property Ombudsman for Lettings, the The National Approved Lettings Scheme and SAFE Agent.