Before applying for a tenancy on a property it is important to fully understand all the fees that will be involved.
Please take the time to read through the fees laid out below prior to viewing a property or making a tenancy application.
Before you move in
Set Up Fee (tenant’s share): £330 (inc VAT) for up to two tenants
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) and arranging the tenancy and agreement.
Additional Tenant Fee: £90 (inc VAT) per tenant
Processing the application, associated paperwork and referencing.
Guarantor Fee: £90 (inc VAT) per guarantor (if required)
Covering credit referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement.
During your tenancy
Amendment Fee: £50 (inc VAT)
Contract negotiation, amending terms and updating your tenancy agreement during your tenancy.
Single Tenant – £240 (including VAT)
Additional Tenant – £90 (including VAT)
Guarantor – £90 (including VAT)
Cleared funds required prior to application submission
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: No chargeCollating information and preparing a reference for a future landlord or letting agent.
Other fees and charges
Out of Hours Services: £20 per hour (inc VAT) plus costs incurredWhere actions of the tenant results in the agent (or nominated contractor) attending the property, time to remedy the situation is charged at the hourly rate.
Unpaid Rent / Returned Payments Interest at 8% above Bank of England Base Rate from date due.
Professional Cleaning (if required): £20 (inc VAT) per hour – deducted from the security deposit
Only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy.