Milegate Group – Schedule of Fees

Tenant Fees (Permitted Payments)

In accordance with the Tenant Fees Act 2019, only permitted payments may be required from tenants.

Rent
The rent payable under the tenancy agreement.

Holding Deposit
A maximum of one week’s rent to reserve a property.

Tenancy Deposit
A maximum of five weeks’ rent where the annual rent is below £50,000, or six weeks’ rent where the annual rent is £50,000 or more.

Late Rent
Interest may be charged at 3% above the Bank of England base rate where rent is more than 14 days overdue, where permitted by law and provided for in the tenancy agreement.

Lost Keys or Security Devices
The reasonable actual cost incurred in replacing lost keys, fobs or other security devices.

Changes to the Tenancy at the Tenant’s Request
£50 per agreed change, or the reasonable costs incurred if higher. Evidence of any higher reasonable costs may be provided.

Change of Sharer at the Tenant’s Request
£50 per agreed replacement tenant, or the reasonable costs incurred if higher.

Ending an Assured Periodic Tenancy Without Giving the Required Notice
Where a tenant wishes to leave without giving the required notice, a payment may be required up to the amount of rent that would otherwise have been payable during the required notice period. For an assured periodic tenancy, the notice period cannot exceed two months.

Utilities and Other Bills
Tenants may be responsible for utilities, broadband, telephone, television licence and council tax where these are payable by the tenant under the tenancy.

Other Permitted Payments
Any other payment permitted under the Tenant Fees Act 2019 and applicable regulations.

Landlord Fees

All landlord fees below are inclusive of VAT.

Letting Fee
From 4 weeks’ rent + VAT equivalent, depending on the service agreed and property. This covers services which may include marketing, conducting viewings, negotiating offers, tenant referencing and preparation of tenancy documentation.

Property Management Fee
From 6% to 18% of the monthly rent inclusive of VAT, depending on the level of service agreed. This may include rent collection, acting as the main point of contact for tenants, arranging maintenance and assisting with routine property-management and compliance matters.

Any additional or optional fees will be confirmed to the landlord before the relevant service is provided.

Client Money Protection and Redress

Milegate Rentals Ltd is a member of Client Money Protect (CMP).

[View our current Client Money Protection certificate]

Milegate Rentals Ltd is a member of the Property Redress Scheme (PRS).