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Letting Fees for Tenants

SCALE OF TENANT FEES - All charges quoted are shown inclusive of VAT

1)

Administration

£216.00

2)

Additional Applicant

£96.00

3)

Check out inventory

£90.00

4)

Guarantor referencing

£96.00

5)

Company reference check

£216.00

 

Administration fee – 1 & 2

These charges incorporate all related costs of processing an application for a tenancy including retrieving critical information to comply with the Right to Rent checks initiating referencing, contract negotiation (amending & agreeing terms), processing all relevant paperwork throughout and finalising formal Tenancy Agreements. £216 inc VAT for a single tenant, £96 inc VAT per additional tenant. Charges become payable upon commencement of the application process. At any time during the application process should tenants decide not to proceed or fail referencing, then application fees are not refundable.

 

Check out fee (Fully managed tenancies only) - 3

Attending the property to undertake an updated Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit(s) £90 inc VAT.

 

Guarantor fee - 4

Where a guarantor is required, additional referencing will be undertaken and further information required on each guarantor that is nominated by the tenants and preparing a guarantee as part of the Tenancy Agreement. The related charge shown is applied per individual guarantor and becomes payable following receipt of the tenant's references and once the guarantor/s completes the relevant application form. £96 inc VAT. The fee is for undertaking referencing, obtaining satisfactory identification and preparing a guarantee as part of the Tenancy Agreement. In the event of the tenancy not being finalised for any reason or the replies to referencing proving unsatisfactory, such charges are not refundable.

 

Company let - 5

For retrieving critical information, initiating referencing, processing all relevant paperwork throughout, preparing and finalising formal Tenancy Agreements. £216 inc VAT. Where applicable, charges become due upon commencement of the application process.

 

Deposit

The tenants are required to pay a deposit prior to move in to protect the landlord against any damage incurred during a tenancy which is deemed to be beyond normal wear and tear. The deposit will be equivalent to 6 weeks’ rent and will be paid just prior to commencement of the tenancy. Where Greenslade Taylor Hunt are protecting the deposit, we will register the Landlord and tenant details and protect the security deposit with a government-authorised scheme. Provide the tenant(s) with the deposit Certificate and Prescribed Information within 30 days of the start of the tenancy.
 
The fees charged to the tenant may change and we will endeavour to inform you of such a change at the earliest opportunity.
  • £30.00 - charge for any letter sent to the tenant(s) concerning breaches of the tenancy agreement.
  • £24.00 - charge for any payment presented to the Agent’s bank returned, refused or re-presented by the bank for any reason. This fee will apply for each presentation which fails.
  • Interest on rent arrears (the Landlord reserves the right to charge) – 6% per annum calculated from the date the payment was due up until the payment is received.
  • £312.00 - early termination fee (with Landlords prior consent)

 

RICS & ARLA

We are members of the RICS & ARLA money protection schemes.
 
Carrying the ARLA Propertymark means we meet higher industry standards than the law demands. Our experts undertake regular training to ensure they are up to date with best practice and complex legislative changes so that they can offer you the best advice. We are also backed by a Client Money Protection scheme which guarantees that your money is protected. See www.propertymark.co.uk/how-we-protect-you
 
 
If you have a complaint that you believe was not dealt with correctly you can contact:

The Property Ombudsman
Milford House
43-55 Milford Street
Salisbury
Wiltshire
SP1 2BP

Property Specialists in the South West

Greenslade Taylor Hunt offers an extensive range of property services covering the residential and commercial markets, equestrian properties, farms and new homes in the South West.

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