Fees to tenants
Depending on your circumstances and the specific property you select, the following Tenant fees and charges may apply.
|Reservation fee – equivalent to one week minimum of £200 taken on engaging an offer|
|On placing an offer for a property a reservation fee will be taken equivalent to one week’s rent for the property, with a minimum of £200. This money is to be held by Allan Fuller Estate Agents subject to references and contract and is a sign of good faith in respect of your application to rent the proposed property. If your references are successfully concluded it will form part of your initial payment when you sign the Tenancy Agreement before moving into the property. Should you withdraw your application for any reason we reserve the right to retain this fee. If your references are unsatisfactory, it will be returned, less a deduction of £44.40 (including VAT) per person to cover the cost of the references charges due.|
|We do not accept credit card payments.|
|Reference Checks - £44.40 (including VAT)|
|There will be a charge of £44.40 (including VAT) to each individual wishing to reside within the property. All prospective Tenants will be individually referenced along with a credit check through a reputable and independent referencing company; the conclusion report will be used to assess your suitability as a Tenant. Persons who receive unsatisfactory reference conclusion reports due to them not being in full time employment (which includes students) or currently on a temporary employment contract may also be required to obtain a UK based Guarantor.|
|Guarantor Reference Checks & Associated Paper Work (if applicable) - £44.40 (including VAT)|
|There will be a charge of £44.40 (including VAT) to each Guarantor. All prospective Guarantors will be individually referenced along with a credit check through a reputable and independent referencing company; the conclusion report will be used to assess the suitability as a Guarantor. This charge will also cover all associated paperwork ensuring the Guarantor is linked to the rental (Deed of Guarantee).|
|New Tenancy Agreement Fee & Associated Paperwork- £210 (including VAT)|
|A fee of £210 (including VAT) will be applicable for each tenancy; this fee covers and includes offer negotiation, tenant vetting and reference submission along with drawing up associated paperwork and Tenancy Agreement.|
|Security Deposit – (equivalent to 6 weeks’ rent)|
|The Tenancy Agreement requires a deposit equivalent to six weeks’ rent to be cleared in the named account prior to the tenancy start date. This deposit will be held within one of the government-authorised Schemes. The tenant will then be provided with the Deposit Certificate and Prescribed Information within the stipulated 30 days.|
During Your Tenancy:
|Services, Utilities & Council Tax|
|Tenants are responsible for the cost of supply of all utilities, electricity, gas, telephone, TV license, water supply and Council Tax (local tax). Allan Fuller Management Services or the landlord will provide details of utility suppliers and if possible account numbers. It is essential that you contact all relevant companies and the local council to advise them of your intended occupation, if not your supplies may be cut off and all cost for these services to be reinstated will be bared by you the Tenant.|
|Tenancy Extension (Renewal) - £90 (including VAT)|
|At the expiration of the initial fixed term it may be possible for the tenant to extend their stay within the property for a further term. The charge of £90 (including VAT) will cover and includes the renewal negotiation, the Tenancy Agreement and associated paperwork along with registration of the deposit within the government-authorised schemed.|
|Change of sharer - £278.40 (including VAT)|
|The incoming and outgoing tenant(s) will be required to pay a collective fee of £278.40 (including VAT) in the advance of the application. This payment covers the cost of tenant vetting and reference submission, deposit registration (with the relevant government backed scheme) along with drawing up the relevant Tenancy Agreement (tenant contribution).|
|If the landlord resides outside the UK for a period more than 6 months in any tax year and the Tenant pays the rent directly to the landlord the tax laws dictate that the Tenant has a liability to deduct tax at the standard rate from the rent and send it quarterly to the Inland Revenue, unless the landlord has shown you a certificate from the Inland Revenue confirming that the landlord is registered to receive rent without deduction. For further information contact the Inland Revenue website at www.hmrc.gov.uk or contact your local Inland Revenue enquiry office.|
Ending Your Tenancy:
|The cost of the preparation of the Check-out report is borne by the Tenant. As these reports are compiled through an independent company the cost may vary dependent on the size and style of the property however as an loose guide the cost can range from £132 (including VAT) for a studio apartment through to £204 (including VAT) for a 5 Bedroom House.|
Cleaning – only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy.
Dependent on the size of property, company used and level of service offered cost could range from £180 (including VAT) for a studio apartment through to £420 (including VAT) for a four bedroom. Names of preferred companies could be supplied on request. Should you require our company to arrange cleaning prior to the start of the Tenancy an arranging fee of £20.00 will be charged.
Other Fees and Charges:
|Pet Deposit (Equivalent to 2 weeks security deposit on top of 6 weeks security deposit)|
|To cover the added risk of property damage an additional security deposit may be taken, This deposit will held within one of the government-authorised schemed.|
Allan Fuller Estate Agents is an ARLA (Association of Residential Letting Agents) licenced Member
Client money protection by: Association of Residential Letting Agents
Independent Redress provided by: The Property Ombudsman
Fees and Services we offer to landlords.
Each property is different, and each client will likely have differing needs, so we tailor the fee to offer the most cost effective service in each case. So please contact us to discuss your property with one of our team of experts so we can tailor our service to just what serves you best.
|Tenant Find Service|
|This compressive service includes:|
|Rent Collection Service|
|In addition to the Tenant Find service detailed above we will:|
|In addition to the Tenant Find and Rent Collection services detailed above we will do the following:|