Tenant Fees

Information For Tenants Regarding Fees
For All Tenants Signing an AST Agreement
(revised 1st June 2019)
Initial Holding Fee
Borthwicks require a holding fee of 1 weeks rent of the property taken. This amount is payable in full after negotiations commencing with our client and is charged per property not per person. In the event that the landlord for any reason turns down your offer the administration charge is fully refundable. This is to reserve the property and is only in force after funds have cleared. Then referencing will take place.

Referencing
As part of the referencing process we may need to share information you provide with organisations outside of Borthwicks. Unless instructed otherwise Borthwicks reserve the right to share information necessary to carry out referencing and to share this information with our client when necessary.

Assured Shorthold Tenancy Agreement
Before your tenancy commences you will need to sign a tenancy agreement setting out the landlord and tenants obligations, this applies to all tenant on the contract.

Inventory & Check In / Out (Condition Report)
An inventory will be carried out at the start of the tenancy, this report will be used for the inspection of condition of the property at the end of the tenancy.

Paying Your Rent
Rent is payable in advance by standing order in accordance with your tenancy. You will be required to set up a standing order mandate proper to the start of your tenancy. Please note that all standing order payments should be made 2 days prior to the due date of your rent to allow clearance through the banking system. Should cheques be returned either marked “Refer to Drawer” or “please represent”, or any monthly standing orders/direct debits be recalled/unpaid then an administration charge of £49.00 (Inc VAT)
If the rent has not been received by the sixth day after the appropriate due date (the date on the front of the contract), an administration charge of £78.00 (Inc VAT) will be made immediately. Thereafter a further charge of £42.00 (Inc VAT)per every reminder letter will be charged until the rent has been paid. This will only be reimbursed if prior arrangement for late payment of rent has already been made with the landlord in writing. This clause is for the administration costs to Borthwicks and does not affect clause (4a) regarding late payment of rent to the Landlord.

Replacing yourself during a tenancy agreement.
In the event that you wish to replace yourself, or another member of your household, part way through a tenancy Borthwicks will charge £50.00 for associated costs (contracts, admin etc) £13.20 to cover the deposit protection. The landlords consent must be obtained before change of sharer can be affected and Borthwicks standard referencing procedure must be followed by any prospective new tenant before they can or will be deemed suitable by the landlord. Referencing of a new tenant will cost £12.00 per person and needs to be paid in full as well as a tenants questionnaire before the process can start. No new tenants can move in unless 1. It has been agreed by the landlord. 2 Full references have been taken 3. New Contract has been signed 4. Check Out / in has been completed 5. All monies have been paid in full.

End of Tenancy/Agreement
You must end your contract in line with the obligations of your AST agreement. Notice can only be given on or before your due rent date.