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FEE STRUCTURE FOR LETTINGS AND MANAGEMENT 


FEES ASSOCIATED WITH LETTINGS

Fee of Intent - Two weeks rent
Monies placed against the property by an applicant for the landlord’s consideration of the offer. This payment maybe non-refundable should the applicant change their mind.
 
Property Deposit - Six weeks rent
A payment of six weeks rent for protection against the rented property.
 
Pet Insurance 
A payment held against a property should the landlord accept a pet on the tenancy. This could be an additional two weeks rent dependant on the landlord. The payment will be held alongside the property deposit in a registered scheme.
 
Deposit Registration Fee - £ 48.00
A payment made by tenant(s) for the duration of a tenancy, registered and held in an approved scheme until the end of the term.
 
Check In Fee - £ 100.00 to £ 250.00 variable dependant on the size of the premises
A payment made by the tenant against the property prior to move in. A detailed report listing the condition and items within the property are registered, offering protection to the tenant’s six week deposit and the landlord’s property. All reports are carried out by an Independent Inventory company.
 
Check Out Fee - £ 100.00 to £ 250.00
A payment made by the landlord as described above, but on exit of the premises.
 
Reference Charge - First tenant £ 120 Second tenant £ 60.00 Third tenant £ 60.00
Referencing (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability).
 
Preparation Fee - £ 130
An amount payable to the agent for the preparation of the above to allow all paperwork to be in place for the tenancy.


FEES ASSOCIATED DURING YOUR TENANCY

Renewals fee  - £ 66.00
Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.

Change of tenancy details  - £ 66
Contract negotiation, amending terms and updating your tenancy agreement during your tenancy.

Reference requests - £ 30.00 per person

Future Landlord Reference Fee - £30 per person
Collating information and preparing a reference for a future landlord or letting agent.

Late rent fee £60 if 7 days overdue

 


LANDLORD FEES

Let Only Service – 8% plus vat of the rent achieved for the term of the tenancy
This includes collating references, including bank, employer and character referencing, including preparation of the tenancy agreement. 
 
Let and Management Service – 13% plus vat for the term of the tenancy
This is a service offered to property owners who want tenants found for their property. This includes all as listed in the let only service and collecting and remitting the monthly rent received, pursing non-payment of rent and provide advice on rent arrears actions, deduction commission and other works, advising all relevant utility providers of change, undertake inspection visits and notify landlord of outcome, arrange routine repairs and instruct approved contractors, hold keys throughout the tenancy term and make any HMRC deduction and provide tenant with the NRL8 (if relevant).
 
Renewal of Tenancies  6% plus vat for the second year. 5% plus vat for the third year or more.
This is for the renewing of a tenancy after the initial period has expired.