Tenancy set up fee £225 (inc Vat)
What is the tenancy set up fee?
The tenancy set up 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 is non returnable once paid and also includes providing a Tenancy Agreement and protecting your security deposit with a deposit protection service
When do I pay the tenancy set up fee?
After a viewing and when you have decided to apply for the property, you will be asked for your tenancy set up payment.
Any additional fees that may be applicable to you, for example a guarantor fee, will also be collected at this point
What other fees may be payable before I can move into the property of my choice?
Additional Person £200 (inc Vat)
This covers the cost of processing the application and associated paperwork for any additional applicants.
Guarantor £100 (inc of Vat)
Depending on the outcome from your application from the referencing company, your earnings or overall financial position may require you to provide a Guarantor. This is not uncommon, and means you have someone on your behalf that undergoes credit referencing - to ensure they have sufficient earnings to cover the overall rent commitments in the event that you, as the tenant, are unable to pay your rent. This fee is payable in respect of each Guarantor to cover credit referencing costs and providing a Deed of Guarantee as part of the Tenancy Agreement, which details their obligations as a Guarantor.
Permitted Occupier £75 (+ Vat)
This is a person approaching, or over the age of, 18 who will not be permanently residing at the rented property. This only applies in very specific situations and then only with the landlords consent. The administration costs include supplying the relevant documentation that explains in more detail what it means to be a permitted occupier and how this fits in with the tenancy of the property.
During the tenancy, we offer these additional services:
Re-let fee £125 (+ Vat) to an exsisting tenant 6 months
This is the cost of preparing a new Tenancy Agreement and negotiating with your landlord for a further fixed term tenancy. Extending your tenancy, if agreed by your landlord, gives an assurance of staying in the property for a further fixed period, and avoids the uncertainty of a landlord serving notice at any given time.
Re-let fee £225 (+ Vat) to an exsisting tenant 12 months
Check out fee (£50 inc Vat)
Some Landlords employ us to complete an inventory for their property before the let. Where this applies, you may be liable for a check out fee when we carry out our inspection at the end of the tenancy. If applicable, the checkout report forms an important part of how the return of your security deposit is arranged. Please feel free to ask our staff if this would apply to you.