When you apply for a property through us there will be fees payable upon application. Please see the below fee scales which will help you to understand these fees and when you will need to pay them. All Fees are inclusive of VAT at the current rate.
Please note that we are members of The Property Ombudsman (Independent Redress Scheme) and we are not covered by Client Money Protection (CMP).
Application Fee We will require an Application Fee of £90 per adult to be paid in advance to reserve a proeprty and this charge is to include all referencing and credit checks. This will be non-refundable.
Completion Fee - £120 per property. The completion fee is required once the application has been successfully processed and this is to include preparation of tenancy agreement and move-in inventory.
There may be further fees that will apply dependent on your circumstances these include:
Additional Applicant - £90 Any additional applicants above the amount included in the tenancy setup fee. This will be for referencing and processing the application.
Guarantor - £90 You may be required after your referencing has taken place to provide a guarantor for the rent. This is not uncommon and they would also need to be referenced to ensure they have enough earnings to fulfil the rent in the event that you are not able to. This fee is per Guarantor required and covers the cost of referencing and providing a deed of guarantee to be included in the tenancy agreement.
Amendment Fee - £60 If a change is required during the term of the tenancy agreement they may be a charge, these could include alterations to the tenancy agreement due to a change in personal circumstances or with the Landlord's consent a request to leave the tenancy early.
Renewal Fee - £60 A fee will be chargeable upon request to extend the tenancy by another fixed term, the fee will include negotiating with the Landlord and preparing a new tenancy agreement to reflect the new term.
Check-out Fee - We charge the following fee at the end of a tenancy | Studio/1 Bed - £78 | 2 Bedroom £90 | 3 Bedroom £102 | 4 Bedroom £114 | 5 Bedroom £126 |
Security Deposit - You will also be required to pay a security deposit prior to occupation this will be one Month's Rent Plus £100, If Pets Usually 6 Weeks Rent. In most circumstances this will be lodged with the Deposit Protection Service (DPS). This is dependent upon the Landlord's Terms and Conditions. The deposit amount depends on the rent and the circumstances of the applicants, for example if there are pets.
If paying by Debit Card there will be an additional charge of £0.50. If paying by Credit Card there will be an additonal charge of 2% of the total value of the transaction.
If you require any further information please don't hesitate to contact us:
Leicester Address: 121 Charles Street, Leicester, Leicestershire LE1 1FB tel: 0116 253 7733 email: email@example.com
Registered Company Name: Newton Fallowell (Leicester) Ltd Regsitered No: 8498499 Registered Address: Suite 2 Rosehill, 165 Lutterworth Road, Blaby. Leicestershire LE8 4DY.