Tenant Fees

Each adult over the age of 18 years, who will be a resident at the property, must complete an application.

The asking rent does not include holding deposits, fees or property deposits. Depending on your circumstances and the property you select, one or more of the following upfront fees will apply:

 

HOLDING DEPOSITS

Holding Deposit: Max one weeks rent (Rent £ pcm / 4.35)
Company Application Fee or Contractual Tenancy Fee: £350.00

SECURITY DEPOSITS

Security Deposit: Equal to 1st months rent plus £100.00 (exceptions apply)
Pet: Additional £150.00 on the security deposit

 

EXPLANATION OF COSTS 

Holding Deposit: This is payable at the point of application to reserve the property of your choice. It allows the agent to check the suitability of a tenant and serves as a guarantee to the Landlord that you are committed to take the property, pending successful completion of referencing.

This payment will secure the property for you for up to a maximum of 15 calendar days from your application date. The tenancy must start within these 15 days, unless otherwise agreed in writing by both parties and cannot be extended any later than 4 weeks from the application date.

On completion of the tenancy, the holding deposit will be refunded within 7 calendar days.

First Months’ Rent: This is payable prior to, or at the point of signing the Tenancy Agreement.

Security Deposit: This is payable prior to, or at the point of signing the Tenancy Agreement. This deposit will be held by The Deposit Protection Service, unless otherwise stated and is fully refunded to you at the end of the tenancy, subject to the property is in a satisfactory condition and that all the terms of the tenancy have been met. No interest will be paid on the Deposit. Deposits that are not in dispute will be refunded to the forwarding address within 10 working days. For further information on the dps, please visit https://www.depositprotection.com.

Subsequent Months’ Rent: Payable by bank standing order mandate only. You will be required to complete a standing order mandate in our office on the day of your tenancy starting.

If the Tenant breaches any of the conditions of the Tenancy Agreement the Tenant may be liable to pay damages to the Landlord for that breach, as permitted by the Renting Homes (Fees Etc.) (Wales) Act 2019.

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