Tenants
Whether you are relocating, downsizing, breaking a chain, or just prefer the flexibility of renting, we are here to help you move. Milburys understand the importance of moving into a new rental property and are here to provide the guidance, expertise and advice as you consider your options. Moving home is one of life’s most critical financial and emotional decisions, our specialist team will make the entire renting process as smooth and straightforward as possible. At Milburys we have a huge range of residential properties to let – our flexible viewing times and exacting local knowledge will enable us to help you make informed choices.
Take your pick from our range of quality homes. We work with our landlords to keep standards high and rental prices fair. We'll help you make your next move.
List of Tenant Fees
Holding Deposit (per tenancy) - One week’s rent
This is to reserve a property. Please 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 agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Security Deposit (per tenancy. Rent under £50,000 per year) Five weeks’ rent
This covers damages or defaults on the part of the tenant during the tenancy.
Security Deposit (per tenancy. Rent of £50,000 or over per year) Six weeks’ rent
This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid 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.
Lost Key(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 (Tenant’s Request) - £50.00 (inc. VAT) per agreed variation
To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant’s Request) - £50.00 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher
To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination (Tenant’s Request)
Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all 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.
Company Tenancies
To reserve a property an administrative service charge equivalent to 50% plus VAT of the monthly rent agreed will be payable to Milburys (subject to a minimum charge of £250.00 plus VAT). It is a ‘one-off’ charge per property and is only refundable if the Landlord does not proceed for any reason. In the event that the application is declined due to unsatisfactory references, the service charge will not be refunded.
Please ask a member of staff if you have any questions about our fees.
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