TENANCY RELATED COSTS
BEFORE MOVING IN
- Holding Fee is the equivalent of 1 week rent
- Then the balance of the rent and deposit paid prior to the start of the tenancy. The deposit is equal to 5 weeks rent (up to £50k annual rent per year).
ADDITIONAL FEES that may apply – All inc VAT (currently 20%)
- Call out for lost key and replacement key £25-50
- Late rent payment or cheque returned to the bank £25
- Late payment site visits £75
- Copies of paperwork £25
- Tenancy change request by Tenant £50
- Early termination of the tenancy requested by tenant. (per agreement)
FEES TO LANDLORDS – LET ONLY
Set up Fee is up to 10% of annual rent + VAT (currently 20%) to include;
- Agreeing the Market rent and find a tenant in accordance with the landlord’s guidance
- Advice on Refurbishment
- Provide guidance on compliance with statutory provisions and let consents
- Carry out accompanied viewings (as appropriate)
- Market the property and advertise on relevant portals
- Erect a board
- Advertise all relevant utility providers & Council tax authority changes
- Collect and remit the first months rent
- Provide Tenant with method of payment
- Deduct any pre-tenancy invoices
ADDITIONAL FEES THAT MAY APPLY – Estimates to be given upon request
- AML Checks on tenants £10 per check
- Inventory upon request £90-£250
- Reference checks (if agreed by tenant)
- Additional advertising in specialist publications
- Tenancy Renewal fee
- Deposit Dispute assistance – Maximum of £300 Inc VAT