Possible Tenants Fees
When looking to rent a property you should budget to pay for the below charges which may be applicable. All charges include VAT at the current rate. We reserve the right to amend our fees.
Administration Fee £180 inc Vat per person.
The administration fee covers any administration involved with processing a tenancy. It also includes the cost of any referencing required and a contribution towards the tenancy agreement.
Guarantor Administration Fee £60 inc Vat per guarantor
If you require a guarantor then an additional administration fee of £60 inc vat per guarantor is chargeable. This charge covers any administration involved in processing a guarantor application. It also includes the cost of any referencing required and the preparation of any legal documentation that may be required.
Inventory Check – price variable dependant on the size of the property.
This is usually payable at the end of a tenancy. Unless advised otherwise the landlord would be responsible for the cost of the check in and the tenant will be liable for the cost of the check out, and any missed appointments.
Renewal Charge £90 inc Vat
If you wish to extend your tenancy then we will make a charge of £90 inc Vat per property.
Change of Occupant £480 inc Vat for one replacement tenant
Your landlord does not have to agree to you changing any of the named tenants during the tenancy term. If they do agree to this then a charge of £480 inc Vat is chargeable. This charge covers all administration involved in the change of occupancy process, including any references required, a contribution towards a new tenancy agreement and the charge of re protecting the security deposit if required. Please note that should more than one tenant wish to be replaced there is a charge of £120 inc Vat per additional tenant.
Holding Deposit, unless advised otherwise £250 per person, minimum £500.
This is not an additional charge and if your application is successful will be off set against your move in funds. The holding deposit is a token of good faith only and does not oblige our client, the landlord, to let the property detailed. It does not commit the landlord to granting the tenancy or constitute an offer of tenancy but is required as proof of your intention and commitment to proceed. Its purpose is as good faith only, to be held by ourselves, whilst your references are processed. Should any of the prospective tenants withdraw from the proposed let, no refund of the holding deposit will be made. However, should our client not proceed with the proposed tenancy due to unsatisfactory references, a deduction of £180 inc VAT will be made per tenant. If the landlord should withdraw from the proposed let through no fault of the tenant, the holding deposit will be returned in full.
Move in funds
Should your application be successful then in addition to some or all of the above you would, unless otherwise agreed, be required to pay the first months rent plus a six week security deposit.