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Fees and charges

Fees and Charges

Before you Move In

Set up Fee – £480.00 inc VAT per tenant

Referencing (identity, immigration status check, financial credit checks, obtaining current or previous landlords/employers and any other relevant information to access affordability) as well as contract negotiation (amending and agreeing terms) and arranging the tenancy agreement.

Guarantor Fee – £75.00 inc VAT per guarantor (if required) – PLEASE CHECK THIS FEE AS THE COST VARIES ON THE TENANT’S OFFER FORM AND THE WEBSITE

Covering credit referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement.

Permitted Occupier Fee – £24.00 inc VAT

The fee covers the performance of necessary Right to Rent checks.

Other Charges you should allow for

Payment of Intent – To be agreed with you (but usually equivalent to two week’s rent OR WHATEVER YOUR HOLDING FEE IS – PLEASE AMEND AS REQUIRED)

We may require a payment of intent as confirmation of your intent to proceed with the proposed tenancy. This will be put forward towards your first rental payment and will only be refunded if our client elects not to proceed. Payment of this sum does not constitute the granting of tenancy.

Rent in Advance – 1 Month

Under the terms of the tenancy agreement you will usually be required to pay 1 month’s rent in advance prior to the commencement of the tenancy.

Deposit – Equivalent to 6 weeks rent

The deposit is held to protect your landlord from you not meeting your obligations under the terms of the tenancy. Whilst you should check the tenancy agreement for details specific to your tenancy, it is likely to be held by us as stakeholder and registered with a Deposit Scheme (MyDeposits). This means that no deductions can be made until you and the landlord have reached an agreement or there is a judgement by the courts or the deposit protection scheme.

Stamp Duty Land Tax

This tax is payable on tenancies where the rent exceeds £125,000. Please contact HMRC for further information

 

 

During your Tenancy

Tenancy Agreement Amendment Fee – £300.00 inc VAT

Contract negotiation, referencing, immigration status check, amending terms and updating your tenancy agreement during your tenancy agreement

 

 

Renewal Administration Fee – £180.00 inc VAT

Preparing a document that confirms the details of renewal.

Ending your Tenancy

Check Out Fee – £146.00 inc VAT

A typical fee for attending a one bedroom the property to undertake an update Schedule of Condition based on the original inventory and negotiating the payment of the security deposit.

Other Fees and Charges

Unpaid /Returned Payments – £102.00 inc VAT

Late Payment Fee – £30.00 inc VAT – PLEASE CHECK THIS CHARGE AS IT APPEARS DIFFERENT ON THE TENANT OFFER FORM AND IMPORTANT NOTES FOR TENANTS

This charge is payable on each occasion that an individual rental instalment is overdue by five working days.

Future Landlord Reference Fee – £60.00 inc VAT

This charge applies when you ask us to provide information to a future landlord on your performance as tenant.

Professional Cleaning (if required) – Typical Cost £250.00 inc VAT for a one bedroom flat

Only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy. The actual cost of the cleaning is dependent on the size of the property. We will give you the price applicable to the property in good time.

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