Tenants Fees
Any or all the fees below may be charged to tenants when required:
- The property rent
- A holding deposit to secure the property (up to the equivalent of 1 weeks rent maximum)
- A security deposit of up to the equivalent of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year
- Default fee for late payments of rent (after 14 days)
- Reasonable charges for lost key replacements or security fobs
- Payments associated with early tenancy termination, when requested by the tenant
- Payments in respect of bills
If your application is rejected prior to acceptance and/or seeking references, all monies are refundable. If your application is accepted (subject to references) you will be required to pay a minimum of 1 weeks rent equivalent as a Holding Fee, upon receipt of which the property will be reserved for you. In some instances, in order to reserve a property, you may be asked to pay a higher Holding Fee or occasionally the full Deposit.
If you are successful, then upon commencement of the tenancy the Holding Fee will be used as part of your total deposit of 5 weeks rent equivalent.
If you choose to withdraw after acceptance, or undeclared adverse information is uncovered during referencing, then you will forfeit all fees (plus a reasonable proportion of the Deposit, if taken, which reflects the landlord's lost rent for the period between provisional acceptance and the date of rejection). Before moving into a property, payment of the first month's rent and deposit must be made by bank transfer, debit or credit card (handling charge applies to credit cards). Funds must be cleared before keys can be released.
If in any doubt as to what is included within the let (i.e. furniture, appliances etc.) you should seek further clarification prior to submitting your application.
You may be asked to provide a guarantor in some cases. Please note a guarantor fee of £50 per guarantor would then be payable.
The tenancy you are applying for is a fixed term. If after the expiry of a fixed term both parties wish to extend the tenancy, a fee of £90 will be payable for renewing or extending the tenancy agreement on each occasion, irrespective of the length of the extended period or the type of agreement (up until 31st May 2020).
Details of our fees will be provided again within the application form which all applicants must complete and sign as standard.
Please note: All fees quoted are VAT inclusive
