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Useful Information

Tenants Fees

Once tenants find a suitable property and wish to proceed with an application for a tenancy, we are keen to ensure that the process itself runs as smoothly as possible.

We will always be transparent in terms of any fees charged to tenants not only during the application process itself but also during a tenancy. A summary of these charges are shown below.

Before tenants move in

Administration fee

These charges incorporate all related costs of processing an application for a tenancy including retrieving critical information to comply with the Right to Rent checks initiating referencing, contract negotiation (amending & agreeing terms), processing all relevant paperwork throughout and finalising formal Tenancy Agreements. £270 inc VAT for a single tenant, £120 inc VAT per additional tenant. Charges become payable upon commencement of the application process. At any time during the application process should tenants decide not to proceed or fail referencing, then application fees are not refundable.

Guarantor fee

Where a guarantor is required, additional referencing will be undertaken and further information required on each guarantor that is nominated by the tenants and preparing a Deed of guarantee as part of the Tenancy Agreement. The related charge shown below is applied per individual guarantor and becomes payable following receipt of the tenant's references and once the guarantor/s completes the relevant application form. £120 inc VAT. The fee is for undertaking referencing, obtaining satisfactory identification and preparing a Deed of guarantee as part of the Tenancy Agreement In the event of the tenancy not being finalised for any reason or the replies to referencing proving unsatisfactory, such charges are not refundable.

Company let

For retrieving critical information, initiating referencing, processing all relevant paperwork throughout, preparing and finalising formal Tenancy Agreements. £354 inc VAT. Where applicable, charges become due upon commencement of the application process.

Check out fee

At the end of the tenancy a formal ‘check out’ report will take place, and a written report produced, Tenants will be liable for this cost. From £72 inc VAT on an increasing scale dependant upon the size of the property.

Deposit

The tenants are required to pay a deposit prior to move in to protect the landlord against any damage incurred during a tenancy which is deemed to be beyond normal wear and tear. The deposit will be equivalent to 1½ months’ rent and will be paid just prior to commencement of the tenancy. Where Graham Butts are protecting the deposit we will register the Landlord and tenant details and protect the security deposit with a government-authorised scheme. Provide the tenant(s) with the deposit Certificate and Prescribed Information within 30 days of the tenancy.

Rent

Just prior to move in and commencement of a tenancy, a minimum of 1 months’ rent in advance will be required from the tenants.

During a tenancy

Renewal fee

If a landlord and their existing tenants are both interested in renewing a tenancy then the tenants will pay a contribution towards the costs involved of Graham Butts re-negotiating revised terms, preparing all relevant paperwork and finalising the contracts. £60 inc VAT (One off charge per tenancy and not per tenant).

Addendum Fee (changes to the property)

If, during the tenancy you wish to make any changes to the property i.e. painting of a room, or replacing a carpet. Firstly you must seek the landlords permission, and secondly we must draw up paperwork to outline what has been agreed in writing, so that there are no disputes or mis-understandings at the end of the tenancy.

£30-60 inc VAT

 

 For a guide to renting please click the link below.

How to Rent Guide

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