3154 properties to let in Birmingham

The following are permitted payments which we may request from you: We are a member of Propertymark (which includes their Client Money Protection Scheme) and The Property Ombudsman. The information given below is provided to ensure you are fully informed of any fees and costs involved in renting a property through Reed Residential Ltd Group.

A) The rent
b) A refundable tenancy deposit (reserved for any damages or defaults on the part of the tenant) capped at no more than five weeks' rent where the annual rent is less than £50,000, or six weeks' rent where the total annual rent is £50,000 or above
c) A refundable holding deposit (to reserve a property) capped at no more than one week's rent
d) Payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher
e) Payments associated with early termination of the tenancy, when requested by the tenant
f) Payments in respect of utilities, communication services, TV licence and council tax; and
g) Late payment of rent you will be charged a default fee, interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please note: This will not be levied until the rent is more than 14 days in arrears. Also a fee for £50.00 for replacement of a lost key/security device, where required under a tenancy agreement

Please call us if you wish to discuss this further.

Redress scheme provided by: The Property Ombudsman
Client Money Protection provided by: Nfopp (oooo)

Tenants -

For properties in England, the Tenant Fees Act 2019 means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant's behalf) the following permitted payments:

• Holding deposits (a maximum of 1 week's rent);


• Deposits (a maximum deposit of 5 weeks' rent for annual rent below £50,000, or 6 weeks' rent for annual rental of £50,000 and above);


• Payments associated with early termination of a tenancy (capped at the landlord's loss or the agent's reasonably incurred costs);


• Where required, utilities (electricity, gas or other fuel, water, sewerage), communication services (telephone, internet, cable/satellite television), TV licence;


• Council tax (payable to the billing authority);


• Interest payments for the late payment of rent (up to 3% above Bank of England's annual percentage rate);


• Company Lets are subject to an administration fee of £250 (including VAT) per dwelling.


• 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.


• Contractual damages in the event of the tenant's default of a tenancy agreement; and


• Any other permitted payments under the Tenant Fees Act 2019 and regulations applicable at the relevant time.

Landlords - we charge an admin fee to landlords of £250.00 and then depending on the service you choose you are charged accordingly

property managed 10% of rent inclusive of VAT

intro non managed 08% of the rent for the intial term of the tenancy (six or twelve month) inclusive of VAT

these charges only apply once we have let your property and have A "no let no fee" policy

sales - we charge vendors 1.25% of the sale price inclusive of VAT there is no charge to the purchasers and we operate A "no sale no fee policy".

Money laundering regulations 2007 We must by law carry out checks on the seller to confirm their identity before we take on a property to sell. Also we are required to carry out Sanction checks on all tenants and Landlords.

Service

Let Only
Landlord Set up fee

96%

Managed
96% set up fee
12% monthly fee

Other charges may apply, see our website for more details

Holding Deposit (Per Tenancy) - Equal to 1 weeks (agreed) rent

This is to reserve a property. 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 their tenancy (and/or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing.) Should the Tenant(s) withdraw or fail referencing due to non-disclosure and/or falsified references this money will not be returned. It can, with your agreement be used as a contribution towards your first month’s rent or Tenancy Deposit if the Tenancy proceeds to move in/completion.

Tenancy Deposit (per Tenancy) - Rent under £50,000 per year - 5 weeks rent

covers damages or defaults on the part of the tenant during the tenancy.

Tenancy Deposit (per Tenancy) - Rent of over £50,000 or over per year - 6 weeks rent

covers damages or defaults on the part of the tenant during the tenancy.

Unpaid and/or late Rent payment(s) – England - Interest at 3% above the Bank of England Base rate from the due date until paid in order to pursue non-payment of rent.

Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears. Please contact us straight away if you are unable to make a payment. We are here to help so please contact us with any queries. Failure to do so may result in legal action being taken.

Lost Key(s) or other Security Device - Tenants are liable for the actual cost of replacing any lost keys(s) or other security device(s)

Tenants are liable to 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 any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

Variation of Contract (Tenants Request) - £50 Inc VAT per agreed variation

To cover the costs associated with taking the 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 the landlord’s instructions, new tenant referencing, Right to Rent checks, deposit registration as well as the preparation of new legal documents.

Early Termination* (Tenant's Request) - This is not an automatic right and will be reviewed & agreed on a case by case basis.

Should the tenant(s) wish to terminate their contract early, they shall be liable for all costs, fees and charges incurred by the landlord for allowing the early termination including the agent’s existing or reletting fees, as well as the 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.

Tenant Protection

Hunters Harborne is a member of ARLA Propertymark, which is a client money protection scheme, and also a

member of TPO, which is a redress scheme. You can find out more details on our website or by

contacting us directly.

Service

Let Only
Landlord Set up fee

96%

Managed
96% set up fee
12% monthly fee

Other charges may apply, see our website for more details

Typical Tenant Charges

All Charges in line with Tenant Fees Act 2019

Novation of a Contract/Change of Sharer - £200 + VAT (£240 inc. VAT)
Additional Tenant to a HMO Contract - £50 + VAT (£60 inc. VAT)
Relet Fees - £400 + VAT (£480 inc. VAT)
Holding Deposit - Maximum 1 Weeks Rent
Tenancy Deposit - Maximum 5 Weeks Rent
Loss of Keys - Cost for recovery only, based on the price of the key.
Late Rent Charges - The Tenant shall pay interest at the rate of 3% above The Bank of England’s base rate on any rent lawfully due that is paid more than 14 days after the date on which it became due. The interest will be payable from the date the rent should have been paid until the date the rent is actually paid.