We take pride in providing our tenants with all the information relevant to the costs that will be incurred whilst applying for a new home.
Once you have found your perfect home, you will need to start the application process.
The administration fee covers our referencing process which will include credit and employment checks. Our administration fee is £180 inclusive of VAT and is payable per property. (Additional fees may be charged for multiple tenants).
We have a duty to our landlords to find the right tenant for their property and our referencing will include:
- Identity, immigration and visa confirmation
- Financial credit checks
- Obtaining references from current or previous employers/landlords and any other relevant Information to assess affordability
- Contract negotiation (amending and agreeing terms)
- Providing a draft tenancy agreement
- Guarantor referencing if necessary
At the start of your tenancy
You will need to pay one month’s rent and a deposit (which will usually be the equivalent of one month’s rent) into our client account. This must be showing as cleared funds before you sign the tenancy agreement and before we release the keys.
There will be no access to any property until a contract has been signed and funds are cleared.
If you have a pet, a Pet Deposit maybe required in which case a 6 week total deposit will be usual to cover the added risk of property damage. The deposit will be lodged in a government approved scheme. As long as the terms of the tenancy are adhered to, the deposit will be returned in accordance with the DPS terms and conditions.
During your tenancy
The additional costs that you will be responsible for during you tenancy are as follows:
- Utilities (gas, electricity, and water)
- Council Tax
- TV license
- Insurance (for your personal contents)
A renewal fee of £90.00 inclusive of VAT is payable for drawing up and arranging a further fixed period tenancy agreement, should the landlord and tenants both agree to the fixed term extension.
Getting your deposit back
It is a legal requirement for all Letting Agents to register their tenants deposit with a regulated government approved scheme. We use the Deposit Protection Scheme (DPS) which is a custodial scheme.
Once a tenant has vacated the property and returned the keys to our office, we will inspect it on the next working day. If the property has been left clean and tidy and in its original state with all the carpets professionally cleaned, you will receive you deposit back via the DPS. You will need to log onto their website and enter the bank details that you wish the funds to be returned to.
If there are damages or further cleaning, gardening or repairs that are required to the property, deductions will be made to your deposit. We will let you know about any deductions within 10 days of you vacating the property but it is usually much sooner than this.
For further information regarding the Deposit Protection Scheme, visit www.depositprotection.com