As soon as you have found the perfect place to live, there will be some paperwork to complete and fees to pay. To make things clear for you we have listed our fees below, so you can work out what you will have to pay.
We have listed the fees payable before, during and at the end of a tenancy with us. Please always ask member of staff if you have any questions.
BEFORE YOUR TENANCY.
PRE-TENANCY APPLICATION FEE: When your offer is accepted you will be asked to pay an application fee of £400 or the administration fee per tenant & guarantor, whichever is the greater (e.g 4 x Tenants + 2 Guarantors = £720.00 incl of VAT). You will receive a receipt for these funds. If there is a surplus of funds, this will be used towards your final balance. (e.g 2 x Tenants = £240 incl of VAT = a balance of £160.00. This will be deducted from your final balance, which equates to one month in advance rent and a month and a half deposit. If any tenant/tenants/guarantor/guarantors withdraw from the tenancy or any party fail their references, you will forfeit any pre-tenancy application/holding deposit fee paid.
INFORMATION COMPLETED ON YOU RENTAL TENANCY APPLICATION FORM MUST BE ACCURATE
ADMINISTRATION FEE PER TENANT: Processing the application, identity and immigration status check & references.
£120.00 incl VAT per tenant
ADMINISTRATION FEE PER GUARANTOR: Reference, identity check & preparing a Deed of Guarantee as part of the Tenancy Agreement.
£120.00 incl VAT per guarantor
TENANTS DEPOSIT PROTECTION REGISTRATION (TDS)
Free of charge
DURING THE TENANCY.
TENANCY RENEWAL FEES: (Tenants share). Contract renegotiation, amending and updating terms and reissue tenancy agreement(s)
£120.00 incl VAT per agreement
CHANGE OF TENANT: Reference one tenant, identity & immigration check and reference, amend the Tenancy Agreement and re-issue
£120.00 incl VAT per tenant
CALL OUT SERVICES: Where the action of the tenant results in the agent (or nominated contractor) attending the property, time to remedy the situation is charged at the prevailing rate.
To a maximum of £200 per hour plus any actual costs incurred.
LATE RENT PAYMENT & SIGNED TENANCY AGREEMENT: Administration charge for late payment of rent (7 days or more). This fee also applies for non-signing of a tenancy agreement by the due date.
£30.00 incl of VAT
ENDING YOUR TENANCY.
EARLY TERMINATION FEE: (Tenants share, per tenancy) If the landlord agrees the Tenants may break the tenancy early, an administration fee will be charged.
£300.00 incl VAT per agreement
CHECK OUT FEE: (Tenants share), Where an inventory has been carried and a check in done, there may be a check out fee incurred. This is on a sliding scale and is dependent on the size of the property and whether furnished or unfurnished. An independent inventory clerk will attend the property to undertake an updated schedule of the condition based on the original inventory.
Typically, between £85.00-£240.00 incl of VAT.
PROFESSIONAL CLEANING COSTS: (Tenants share), Where a property has been professionally cleaned at the start of the tenancy, it is the tenant’s responsibility to pay for professional cleaning to bring the property to that same state or condition as it was at the start of the tenancy. A copy of the invoice will be required. To avoid disparity between each clean it is recommended the cleaning company appointed by the landlord is used. These fees are on a sliding scale and is dependent on the size of the property and the level of clean originally done. (Carpet cleaning, oven clean etc).
Typically, Between £200 – £420.00 incl of VAT.
* eddisonwhite offer its landlords and tenants complete piece of mind that any client funds held is insured through a new Client Money Protection (CMP) insurance policy, which goes above and beyond current legal requirements to safeguard client funds
For an easy to read breakdown of fees, please click here and print the PDF.