Our approach is very simple. To be as fair as possible on applicant fees, therefore we just have one set of prices, as follows:
- Holding deposit on all properties (non-refundable). Providing the tenancy goes ahead, this will be deducted from the first monthly rental and the tenancy deposit, which are due before you move in (see below). - One weeks rental
- Payments to change a tenancy agreement eg. change of sharer (capped at £50 or, if higher, any reasonable costs);
- Payments associated with early release (subject to landlord approval); £499 re let and inventory P.O.A
- Interest payments for the late payment of rent (up to 3% above Bank of England's annual percentage rate);
- Reasonable costs for replacement of lost keys or other security devices;
NON HOUSING ACT Tenancies;
- £295 application, referencing and credit check fee NOT per applicant but per application.
- £150 Guarantor fee.
- £95from Inventory fee.
- We do not charge VAT. These charges are non-refundable
In the event that the landlord declines to grant the tenancy, it will be refunded to you in full.
However the holding deposit will be non-refundable if you decide not to proceed for any reason, or if you fail to provide complete and accurate information in your application.
References
All prospective tenants will go through a referencing process. We will require references from your employer (or accountant if self-employed), a previous or current landlord and a credit reference report. We will also require your last three months bank statements. In some situations we may also require a guarantor. We may use the services of an independent referencing company to obtain and evaluate these references.
Rents
Rents are normally quoted calendar monthly, and payable monthly in advance. The tenant is usually also responsible for council tax, water rates, gas, electricity and telephone costs. All rents are payable by bank standing order to our company bank account or your landlord’s bank account.
Deposit
A security deposit of a minimum of five weeks rental will normally be required. This deposit will be treated in accordance with the Tenancy Deposit Protection regulations, and you will be provided with the appropriate prescribed information and receive details regarding the scheme used. The deposit is held to cover damage, breakages, and any other liabilities under the terms of your tenancy agreement. Please note that under no circumstances can the deposit be used by the tenant to cover rent.
