If you choose to apply for a rented property through Jackson-Stops (Cotswolds, South & West Midlands) Ltd you will be required to pay the following charges:
Payment of Intent towards administration and referencing costs to formalise your intent to proceed subject to contract & satisfactory references: £200 plus VAT (total £240). This is payable to Jackson-Stops when the offer is accepted. If you withdraw your application or fail to provide satisfactory references please note that this fee is not refundable. If the landlord withdraws for any reason (other than unsatisfactory references) then the Payment of Intent will be refunded to you in full.
Inventory check-in and check-out fee: The cost will vary depending on the size of the property and whether or not the landlord prepares it him/herself.
Security deposit: A deposit is required as a security throughout the term of the tenancy. It is protected with the Tenancy Deposit Solutions Ltd (mydeposits.co.uk) and returned to you after the end of the tenancy, less any agreed deductions. It is usually a minimum of one and a half month's rent but can be more, in certain circumstances, such as where pets are permitted.
Renewal tenancy fee: If a further tenancy is agreed after the initial term, there will be a charge of £115 plus VAT (total £138) for the preparation of the tenant's renewal documents and renewal of the tenant's deposit protection. If the tenancy rolls on into a statutory period tenancy after the initial fixed term, there will be a charge to the tenant of £50 plus VAT, towards the administrative cost of re-protecting the tenant's deposit.
The rent will be payable monthly in advance unless otherwise stated by Jackson-Stops or by mutual agreement prior to the commencement of the tenancy.
The first month's rent and the deposit must be lodged as cleared funds in the Jackson-Stops client account prior to the commencement of the tenancy.
In some cases Jackson-Stops act as sub-agents, in which case these charges may not apply.
Please speak to your local office if you require further information about these charges and whether or not Jackson-Stops are acting as sub-agents where other charges may apply.