Tenant administration fees apply to all tenancies and are payable before you move into the property. Each tenant entering into a tenancy will be reference checked by a professional referencing company and subject to a credit check. One month’s rent is payable in advance as well as a deposit to be held during the tenancy which is calculated at 6 to 8 weeks rent.
An independent professional inventory company will compile an impartial inventory report and will carry out the check-in at the start of the tenancy and the check-out at the end of the tenancy. The cost of the inventory check-out can vary depending on the size of the property.
The administration fees payable by the tenant are as follows:
- Tenancy agreement fee (per property): £240 including VAT (£200 + VAT at 20%)
- Reference & credit search fee (per person): £36 including VAT (£30 + VAT at 20%)
- Inventory checkout fee (per tenancy): dependent on the size of the property