Tenancy set up fee
What is it?
The tenancy set up fee includes the cost of referencing â€“ which will cover checking your credit status, previous employer, current or past landlords, and taking into account any other information to help assess the affordability of your tenancy application. The fee also includes providing a Tenancy Agreement and protecting your security deposit with a scheme.Â It covers the cost of one person.
Additional person fee
This covers the cost of processing the application and associated paperwork for any additional applicants. For each additional applicant there will be a fee.
Depending on the outcome from your application from the referencing company, your earnings or overall financial position may require you to provide a Guarantor. This is not uncommon, and means you have someone on your behalf that undergoes credit referencing â€“ to ensure they have sufficient earnings to cover the overall rent commitments in the event that you, as the tenant, are unable to pay your rent. This fee is payable in respect of each Guarantor to cover credit referencing costs and providing a Deed of Guarantee as part of the Tenancy Agreement.
Unlike many other agents, we do not charge set up fees, tenancy renewal fees, pet fees, or over “18” fees.
Our fees are fixed regardless of the property type:Â£175.00 Per Person.
This is payable prior to the tenancy agreement.