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 covered by NALS Client Money Protection (CMP)
Application Fee - £75 per applicant. The application fee is charged per applicant over the age of 18. This reserves the property for you and we will not normally take applications on it from anyone else whilst your references are being checked. (See exceptions) Should you withdraw, or your references prove to be unsuitable, the application fee is retained by us to cover abortive administration costs. This fee covers credit checks, employer or accountants references and current or previous landlord references if applicable. If your application is successful the Administation Fee will become payable. See below for full details.
Exceptions. Occasionally we will have exceptional interest in a property; if this happens we will collect in applications and fees from all interested parties and refer these to the Landlord. Fees will not be banked until a decision is made and unsuccessful candidates will have their fees refunded prior to referencing. You will be advised of this when you submit your application.
Setup Fee - £200 per property. This fee covers the tenants contribution for preparation of the tenancy agreement, the inventory including schedule of condition, a full check in procedure confirming the inventory, the transfer of all utilities and the check out procedure using the original inventory.
There may be further fees that will apply dependent on your circumstances these include:
Additional Applicant - £75 Any additional applicants above the amount included in the tenancy setup fee. This will be for referencing and processing the application.
Guarantor - £75 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.
Refund of Overpayment - £18
Non-cancellation of Standing Order - £15
Unpaid Rent - Interest at 3% above Bank of England base rate from due date.
Amendment Fee - £25 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 - £25 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 do not charge a fee for check-out at the end of the tenancy as it is included in the administration fee.
Security Deposit - You will also be required to pay a security deposit prior to occupation this will be One and a Half Month's Rent, If Pets at least £100 extra. In most circumstances this will be lodged with the Tenancy Deposit Scheme (TDS). 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 you require any further information please don't hesitate to contact us:
Sleaford Address: 4 Southgate, Sleaford, Lincolnshire NG34 7RZ tel: 01529 309209 email: firstname.lastname@example.org
Registered Company Name: Newton Fallowell (Sleaford Lettings) Ltd. Registered in England No 5895615 Registered Office Old Fire Station, 19 Watergate, Sleaford, Lincolnshire, NG34 7PG.