A Tenant’s Guide to the Costs Involved in Renting this Property
TENANCY FEES BEFORE YOU MOVE IN :
Set up fee (tenant’s share) £300 (inc VAT) for the first named tenant
Referencing up to two tenants (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability) as well as contract negotiation (amending and agreeing terms), arranging the tenancy and agreement.
Additional Tenant Fee £150 (inc VAT) per tenant
Processing the application, associated paperwork and referencing
Guarantor Fee £150 (inc VAT) per guarantor (if required)
Covering credit referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement
Permitted Occupier Fee – £150 (inc VAT) per hour on a time spent basis.
Explaining to any permitted occupier their rights and responsibilities towards the named tenant(s) and landlord as well as the provision of documentary guidance and assistance during the tenancy
Accompanied Check-in Fee £150 (inc VAT)
Preparing an Inventory and Schedule of Condition of the property, explaining how appliances function and taking meter readings for utilities and services
Pet Deposit Returnable – Ask for details, may or may not be relevant depending upon whether permission is granted by the landlord for pets to be allowed into the property. To cover the added risk of property damage. This will be protected with your security deposit in a Government-authorised scheme and may be returned at the end of the tenancy.
DURING YOUR TENANCY:
Amendment Fee – £100 (inc VAT) Ask for details, as this may or may not be relevant.
Contract negotiation, amending terms and updating your tenancy agreement during your tenancy
Renewal Fee (tenant’s share) £150 (inc VAT)
Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
ENDING YOUR TENANCY:
Check out Fee (tenant’s share) – £120 (inc VAT)
Attending the property to undertake an updated Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit(s)
Future Landlord Reference Fee – £120 (inc VAT)
Collating information and preparing a reference for a future landlord or letting agent
OTHER FEES AND CHARGES:
Lost Security Items (Keys e.t.c.) – Agents time incurred at £150 (inc VAT) per hour charged on a time spent basis. travel costs charged at 45p per mile. Any contractors costs (emergency locksmith etc) will be charged at cost.
Obtaining necessary permissions, sourcing providers and travel costs
Out of Hours Services – Agents time incurred at £180 (inc VAT) per hour on a time spent basis, travel costs charged at 45p per mile. Contractors charged at cost.
Where actions of the tenant results in the agent (or nominated contractor) attending the property.
The Agents time to remedy the situation is charged at the hourly rate of £150 (in VAT) per hour on a time spent basis. The contractors costs are incurred at cost.
Unpaid Rent / Returned Payments Interest – Ask for details, may or may not be relevant
Professional Cleaning (if required) – Oven carpet or whole property depending upon circumstances, estimates provided prior to work being carried out.Only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy.