Reservation Fee - Terms
BEFORE YOU MOVE IN
Set up fee (tenants share): £100 (inc VAT) per applicant (£100 additional applicants)
Referencing, processing the application, associated paperwork and referencing for one tenant (identify, 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 (ammending and agreeing terms) and arranging the tenancy and agreement.
Guarantor Fee: £80 (inc VAT) per guarantor (if required)
Covering credit referencing and preparing a deed of guarantee as part of the tenancy agreement.
Pet Deposit: Returnable additional security deposit of £100
To cover the added risk of property damage. This will be protected with your security deposit in a government authorised scheme and may be returned at the end of the tenancy.
DURING YOUR TENANCY
Administration Fee: £250.00 per updated tenancy (inc VAT)
Contract negotiation, amending terms and updating your tenancy agreement during your tenancy
ENDING YOUR TENANCY:
Check out Fee (tenant’s share): £120.00 (inc VAT) for a 1 bedroom property and for every bedroom thereafter an additional £30 incl vat will be payable.
Attending the property to undertake an updated Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit(s)
END OF YOUR TENANCY
Future Landlord Reference Fee: £25.00 (inc VAT) per reference request
Collating information and preparing a reference for a future landlord or letting agent
OTHERS FEES AND CHARGES
Unpaid rent/ returned payments: £25.00 late payment fee per each occasion (inc VAT)
If the Tenants do not pay the rent due to the Landlord within seven days of the due date, or if the Agents bank has to represent a cheque, the tenants will pay the Agent a fee of £25.00 inc VAT on each occasion and for every 7 days that this payment remains unpaid. Tenants are responsible for ensuring that standing order mandates are set up correctly with their bank/building society.
The Tenants are responsible for the replacement of replacing lost keys
(i) A charge of £50 incl VAT will be payable should the Tenants require a replacement key. If the key cannot be copied or is a suited key or a lock change is required for security purposes, then the Tenant will be liable for the full cost of any works and materials undertaken.
(ii) The Tenants shall not duplicate keys to the Property without the written authority of the Landlord. Permission will not be unreasonably withheld.
(iii) If the Tenants need to borrow the keys from the landlord or agent for any purpose, a charge of £50 incl VAT will be charged to the Tenants should the keys not be returned on the same working day. If the landlord or agent has to attend the property to allow access then a charge of £50 incl VAT will become payable immediately upon request.
Unpaid Rent / Returned payments: Interest at 8% above bank of England Base Rate from date due
CLIENT MONEY PROTECTION (CMP) PROVIDED BY : ARLA
INDEPENDENT REDRESS PROVIDED BY : TPOs "THE PROPERTY OMBUDSMAN"
Check to agree to these terms