Information for Tenant Fees

As part of our application process for a property to rent, there are no more fees due for the agency's services subject to the Tenant Fees Act 2019 from 1st June 2019. Referencing, Tenancy Agreement administration and and inventory checks will all be inclusive of the service offered. However, the Reservation, Rent and Deposit is due before the tenancy starts.  Other charges do apply depending on circumstances for the following situations

- Any discrepancy which is valid during the inventory checkout

- Lost keys, access device or fobs

- Late rent payments (after 14 days) to be charged at 3% above Bank of England interest rate on the total amount outstanding

- £50 for change of tenancy

- Holding deposit (1 week rent amount) and not moving into a property by the agreed date if more than 15 days,

- Falsifying information that may affect the reference checks etc. will default the reservation fee

- Early termination of Agreement will apply; depending on circumstance; please consult your agent 

 

Once you have decided that you would like to apply for a particular property, the specific payments associated with that property should be submitted in order to reserve the property.

The balance of the payments due are made payable a few days before you move in and exchange keys.  Ask your agent for details. 


A deposit equivalent to five weeks rent is payable if total annual rent is below £50,000. (calculated by dividing the annual rent by 52 and multiplying by 5) will be required to be paid at the start of the tenancy in total.  This is subject to referencing, a property may require a higher deposit if the annual rent is over £50,000.  For further details you can ask your agent at the time of consultation. 

You should be aware that the need for a Guarantor may not become apparent until your referencing, (including for any joint tenants) has been completed, therefore guarantor referencing may be necessary as required.

Please ask us to explain the fees to you, once we know your circumstance and how many tenants are applying and for which property you are interested in, we can confirm the fees that could become payable.

 

Other Charges

Other charges could be applicable to the tenant during or after their tenancy under the following circumstances;

- Any discrepancy which is valid during the inventory checkout

- Lost keys, access device or fobs

- Late rent payments (after 14 days) to be charged at 3% above Bank of England interest rate on the total amount outstanding

- £50 for change of tenancy

- Holding deposit (1 week rent amount) and not moving into a property by the agreed date if more than 15 days,

- Early termination of Agreement will apply; depending on circumstance; please consult your agent

- Third party reference requests will be chargeable at a rate of £45.00 per reference


 

All the prices stated above are not subject to VAT and state the price that is payable.  Let My Roof Ltd is associated with a Client Money Protection scheme.   

 



 

 

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