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Tenant Fees

TRANSPARENCY FOR TENANTS

 

Once you've found the perfect property and your offer has been accepted, we'll start preparing the tenancy agreement and organising everything for the commencement date. Below is a list of what you can typically expect to pay:

 

ADMINISTRATION FEE: Once you have viewed a property that you would like to consider for a tenancy, we require a fee of either £250.00 plus vat (total £300.00) for a private let of six months or longer or £450.00 plus VAT for any agreement less than six months (if references are required for more than two people there will be an additional charge of £25.00 plus VAT for each person) or £275.00 plus VAT for a company let.  This is in order to reserve the property and remove it from our availability list and acceptance is subject to contract and acceptable references.  This administration fee does not oblige the Landlord to Let, or create or constitute a Tenancy Agreement between the Tenant, Landlord or Landlord’s Agent.  The charge is levied towards costs for taking references and drawing up the tenancy agreement and legal notices.  Please note this fee is non refundable should you wish to withdraw from the let or should we receive unsatisfactory references.  If a Guarantor is required an additional sum of £50.00 plus VAT will be payable, prior to commencement of the Tenancy, taking up references and preparing the Guarantor Agreement.  This fee also covers the cost of the registration of your deposit with a deposit protection scheme.  This registration is a requirement by law and the registration fee is £50 plus vat.

 

PLEASE NOTE THAT THE PROPERTY WILL CONTINUE TO BE MARKETED UNTIL WE RECEIVE THE TENANT INFORMATION SHEET DULY SIGNED TOGETHER WITH A BANK TRANSFER REPRESENTING PAYMENT OF THE ABOVE.

 

The fee can be paid by cash or bank transfer. 

 

REFERENCES:  We use the services of Rent 4 Sure to deal with all reference matters including one from your Employer (including salary information).  If however this needs to be taken up with Workpass payment will be made by the applicant. A reference will also be taken from your previous landlord together with a credit check.  Homeowners will be required to provide the latest Mortgage Statement.  Additional references may be required as necessary.  Failure to supply required information will result in the application being rejected and the administration fee being forfeited by yourself.  The reference procedure normally takes between 7 to 14 days to be completed, depending on the response time of your referees.  Please note that in order to comply with money laundering regulations we will require proof of your current residency such as a credit card statement, bank statement, mobile phone statement, revolving credit together with a copy of your passport showing photographic identity. 

PLEASE NOTE THAT OCCUPATION OF THE PROPERTY CANNOT TAKE PLACE UNTIL WE HAVE RECEIVED THIS INFORMATION.

 

DEPOSIT:  A minimum of one and a half month’s rental is required, payable by Bankers Draft and the deposit will be placed into an independent Government Protection Scheme.  Provided that there are no disputes over unfair wear and tear, damage or dirt or rent outstanding, the deposit will be returned at the expiry of the tenancy.  Under no circumstances can this be used as part or all of the last month’s rent.

 

TENANCY AGREEMENT:  A tenancy agreement will be drawn up for a minimum period of six months.  Keys to the property will be handed over at the Inventory Check In, subject to the agreement being signed, first month’s rent and deposit being obtained.  Please note all tenants named on the Tenancy Agreement must sign the necessary documentation before commencement of the Tenancy and keys will not   be released until this is the case.

 

INSURANCE: It is a requirement that tenants insure their contents prior to commencement of the tenancy

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RENT:  One month in advance, (or quarterly if agreed) payable by Bankers Draft or cheque for the first month/quarter, thereafter by monthly Standing Order.

 

EXTENSION/RENEWAL:  Should the tenants wish to extend the term of the original agreement, or subsequent agreements there will be a charge of £100.00 + VAT to cover their share of the cost of preparing documentation, for each and every extension or renewal.

 

CHECKOUT ADMINISTRATION: At the commencement of the tenancy you will be given a copy of the inventory, you are advised to thoroughly check it.  On expiry of the tenancy the inventory will be checked out. .  The cost of the inventory make and check in will be borne by the landlord and a charge will be payable by the tenants to cover the cost of the inventory check out. If the property has been professionally cleaned with oven and carpets professionally cleaned at the commencement of the tenancy the tenant will be responsible for the same professional cleaning at the termination of the tenancy.  If the professional clean is not organised by the outgoing tenant this will be carried out once the tenant has vacated and the cost will be deducted from the deposit held.

 

To obtain a copy of our Tenant Information sheet please contact us on 01344 870 100 or email us at mail@sapphire-estates.com 

 

 

 

 

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