For clarity the following is the list of costs for a proposed tenancy.
Referencing and Admin Fee £150 inc VAT per person This fee is payable to cover the cost of the tenancy agreement, Tenancy Dispute Service Registration, referencing, guarantor referencing if required and administration.
Inventory check out fee From £120 to £450 depending on bedrooms and furnishings
Tenancy Extension Fee £100 plus VAT per tenancy extension.
Early Termination Fee £100 plus VAT plus any paid or unpaid landlord’s agent fee. (Termination only subject to Landlord's agreement.)
When you to rent a property through Finlay Brewer Estate Agents, the following will be expected from all tenants concerned:
6 week deposit – this is held against any damage & dilapidations that have occurred during the tenancy and will be deducted at the end of the tenancy after the Inventory check out report has been produced. Finlay Brewer holds all protected deposits in a client account bonded by ARLA and where applicable registered with the TDS.
1 month’s rent in advance – rent is worked out per calendar month (pcm) not x 4 weeks! You take your weekly rent, times it by 52 (weeks), and then divide by 12 (months). Both deposit and first rent payment must be paid in clear funds (CASH OR TELEGRAPHIC TRANSFER) before the tenancy commences. Please note that a cheque or company cheque is not acceptable.
Referee details – you will be required to supply names & addresses of previous landlord and employer. You will also need to supply full bank details.
Admin Fees - Finlay Brewer charge a fee of £150.00 per person (occupier). This charge will include an independent credit search on each individual applicant.
Holding deposit – 1 week is required of your 6 week deposit to take the property off the market while references are obtained. You may be at risk of losing this should you not take the property once it has been withdrawn from the market.
Proof of Address – You will need to provide us with a utility bill or bank statement addressed to you at your current address between 3 and 6 months ago, this is required for the credit search.
Photo ID – UK and EU nationals will need to provide photo ID
Passport – Overseas applicants will need to bring your passport clearly showing UK right of residence into the office for identification purposes.
An agency would like as much time as possible to carry out references and draw up the agreement – ideally between 3 - 5 working days.
A tenancy agreement is a legally binding document between you and the landlord, applicable only to you and the property you are renting, this states the amount of rent, the length of the tenancy, your rights and responsibilities. Your agreement will most probably be an Assured Shorthold Tenancy Agreement under the Housing Act 1988. The length will usually be agreed between both parties as part of your offer.
The tenants are responsible for all utility bills, which can include, but not limited to, gas, electricity, water, council tax etc. It is suggested that Tenants should insure their own possessions with contents insurance.
If your property has an inventory drawn up at the start of your tenancy then the landlord usually pays for the check in and the tenant(s) will be responsible for the check out payment.
We wish you the best of luck in your search and if you have any further questions contact our lettings department on 020 7371 4071 or email@example.com
2 Reception Rooms
To Let £1,550
Fantastic 5 bedroom house on one of Brook Green's best roads, with modern fitted kitchen, separate dining area leading to a private, south facing garden, wooden floored receptions, 4 contemporary bathrooms (3 en suite) and a lower ground media room. Located just a few minutes’ walk from the tennis courts on Brook Green, Hammersmith and Shepherds Bush tube Stations and Westfield London and an easy walk of Holland Park and High Street Kensington. Available furnished, part furnished or unfurnished. Available now.
Administration fee £150 inc VAT per person, other costs apply. For more information go to: www.finlaybrewer.co.uk/property-management/tenant-fees-and-costs/