Fees
Fees applying to all new tenancies from 1st June 2019
We may charge a tenant any or all of the following when required:
- 1) the rent;
- 2) a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year;
- 3) a holding deposit of no more than one weeks’ rent;
- 4) default fee for late payment of rent (after 14 days);
- 5) reasonable charges for lost keys or security fobs;
- 6) payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant;
- 7) payments associated with early termination of the tenancy, when requested by the tenant; and
- 8) payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.
Fees applying to all pre-existing tenancies entered before 1st June 2019
We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020.
Tenants
Once you have decided that you would like to proceed with one of our properties and your application has been accepted, each applicant will be sent a link to their email address by our referencing company The Lettings Hub. You will also need to submit two forms of identification; passport or driving license and proof of address; utility bill, bank statement etc.
Each tenant will also need to pay an application fee, please see below.
(Inclusive of VAT)
Referencing
Single application £360.00
Double application £600.00
Guarantor £150.00
These fees are non-refundable. Referencing fees include Right to rent checks. Each applicant must be over the age of 18.
The referencing fee includes the cost of referencing – which will cover checking your credit status, previous employer, current or past landlords, and taking into account any other information to help assess the affordability of your tenancy application. The fee also includes providing a Tenancy Agreement and protecting your security deposit with a scheme such as The Deposit Protection Service. It covers the cost of one person.
Referencing can take between 3-10 days to complete depending on your circumstances and whether you require a guarantor or not. Delays may also occur if we are waiting for referees to respond.
Right to rent checks
All applicants will have to go through right to rent checks regardless of nationality.
Deposits
Deposits are equivalent to one month’s rent plus £100.00. All deposits are held and registered with The Deposit Protection Service.
Move in
To take up a tenancy, you will need to come into one of our offices to sign your tenancy agreement. You will be required to pay your first month’s rent in advance along with your deposit. This money must be in CLEARED FUNDS, on the day of moving.
We will try and accommodate all moving in dates; however the safety of our tenants is of paramount importance. To ensure this, all of our properties have stringent health and safety checks conducted on them and certificates to confirm this. Therefore, an intended move in date may be delayed.
Other Fees
(Inclusive of VAT)
Tenancy Renewal Fee £90.00
Missed Property Inspections £25.00
Landlords
Landlords - managed service is 10% + vat pcm of monthly rental for a fully managed service + a £250 + vat set up fee inclusive of inventory etc.
£500 tenant find only fee inclusive of inventory.
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