Tel: 020 8514 6661

Tenant fee guide

Tenant Fee Schedule

Information In accordance with updated legislation of June 1st 2019 and the revised code of practice as directed by our membership of The Property Ombudsman, the following applies:

Before the tenancy commencement – ‘The following may be payable to Orange Square Estates Limited ‘the Agent’ 

Holding Deposit

A holding deposit of no more than one week may be required.

Refundable subject to the following criteria:

  • Entering into a tenancy agreement with the tenant (Before the deadline for the agreement) 
  • The landlord choosing to withdraw from the proposed agreement 
  • If the agent or landlord impose a requirement that breaches the tenants act 2019 or behaves in unreasonable manner such that it would be unreasonable to expect the tenant or relevant person to enter into the tenancy.

Non-refundable subject to the following criteria:

  • The provision of false or misleading information which the agent can reasonably consider when advising the landlord on the decision to let a property. 
  • Failure of passing the right to rent check, providing that the agent or the landlord would not have been aware of the outcome prior to accepting the deposit payment. 
  • Where the tenant /applicant withdraws from the proposed tenancy for any reason
  • Where the tenant/applicant fails to take all reasonable steps to enter into a tenancy agreement (for example – not providing reasonable information requested to support the tenancy application)

Deposits 

A deposit of no more than five weeks rent will be required in instances where the rent is less than £50,000 per annum. The deposit unless specified will be secured in the DPS

Permitted Fees

During the Tenancy (Payable to the Agent)

  • A Payment of £50.00 is applicable for any changes that are requested and implemented to the tenancy agreement.
  • For late payment of rent, the agent will charge 3% above the Bank of England base rate in interest on the late payment of rent from the date the payment is missed. The percentage is based on the rental amount. 
  • For the loss of keys/security devices/fobs, the agent/landlord will charge the reasonable cost that can be substantiated in writing via a receipt. 
  • Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy – If the Tenant vacates the Premises during the Term apart from according to any agreed break clause which is included within the Agreement, the Tenant will remain liable to pay Rent and any other monies payable under this Agreement until the Term expires; or the Premises are re-let whichever is earlier. 
  • Utilities, communication services, television licence and Council Tax. 

In summary, apart from the above there are no administration, referencing or hidden fees with all relevant information in writing as part of any tenancy agreement you may enter into via Orange Square Estates Limited.

Orange Square
157 Manor Road | Chigwell | Essex | IG7 5QA

Tel: 020 8514 6661

The Company

LANDLORDS

Tenants