PAYMENT OF INTENT
When you apply for a tenancy, you will be required to make a Payment of Intent which is usually equivalent to one weeks’ rent. This Payment of Intent will be offset against the total of initial monies required before the commencement of tenancy. The payment formalises your intent to proceed with an application for a tenancy, subject to contract, though it is refundable should you decide not to proceed with the tenancy. However, if you decide not to proceed, then all of the pre-tenancy charges and fees listed below will be deducted plus an administration fee of £60.00 (including VAT). Should the Landlord withdraw for any reason other than inadequate references, then the Payment of Intent will be refunded in full. Should the reason be inadequate references, then the Payment of Intent will be refunded less the referencing charges as detailed below and an administration fee of £60.00 (including VAT).
The normal method of payment is either calendar monthly or quarterly in advance, subject to negotiations. Please note that the rent is usually exclusive of telephone, gas, electricity, Council Tax and water rates, which are all the Tenant’s responsibility. Please note that the initial payment for the first period of rent, the deposit and the charge for the Tenancy Agreement is payable before Check-In commences, and must be cleared funds in the form of a Bankers Draft or by direct payment to our account. We cannot accept personal cheques or cash for this initial payment.
Equivalent to six weeks’ rent.
TENANCY AGREEMENT (Tenant’s share)
Tenancy Agreement fee applicable of £285.00 (including VAT). There may also be a Stamp Duty fee payable to the Inland Revenue – please see website www.gov.uk/stamp-duty-land-tax-rates.
ALTERATIONS TO AGREEMENT
Any alterations requested by the Tenant’s solicitor to our standard Tenancy Agreement will incur a fee of £90.00 (including VAT) per hour.
The Company uses a Credit Reference Agency to process references. You will be asked for details of current and previous addresses, employer, bank and personal references. There is a fee of £50.00 (including VAT) payable per Tenant for processing the application. A further fee of £50.00 (including VAT) may be payable if a guarantor is required.
Not permitted by most Landlords. When pets are allowed, the security deposit is increased to the equivalent of 2 months’ rent.
We will follow the instructions of the Landlord in making arrangements for the inventory check-in. An Inventory check-in is conducted at the time of possession by an independent inventory clerk. The Landlord is responsible for the check-in charge. Possession is granted after such a check-in, which is conducted during office hours Monday – Saturday. The costs will vary depending on the size of the property. It is advised that the Tenant attend the check-in appointment.