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Tenants You will have a legally binding tenancy agreement to rent the property for a set term, minimum 6 months, agreed and signed before you move. Application fees are applicable (please see below).

123let.com logo 2 You have an on ongoing professional contact in us to ensure your tenancy runs smoothly and your security bond is lodged in a governmental deposit scheme - MyDeposits.co.uk as well as all the necessary legal documents required in letting any property, i.e. HM Government “Right to rent document”, Landlords Safety Gas Certificate, Epc, Information for Tenants, etc.

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        What fees can I expect to pay if I rent a property
When you have agreed on the property of your choice, 123let.com will provide you with a Tenancy Fee Declaration. This helps explain not only the next stages of your application, but any fee which is due before you sign your Tenancy Agreement, and any fees which may become payable during the tenancy. This will also include confirmation of the agreed rent, security deposit and future tenancy arrangements. 

For your information in the majority of cases 123let.com will protect your security deposit with My Deposits.co.uk a government appointed deposit scheme as required by law. This is subject to your landlord's terms and conditions. At any time you are interested in a property, just ask your representative about any fees which may be payable. Below is a list of our current fee scales.


Tenant Fee
Vat
Total Fee
Tenancy set up
£200
£40
£240
Additional person
£60
£12
£72
Guarantor
£120
£24
£144
Permitted occupier
£120
£24
£144
Pet deposit
4 weeks rent
20%
 ?
Amendment fee
£100
£20
£120
Right to Rent check
£60
£12
£72
Check out fee (tenant’s share)
£100
£20
£120

Tenancy set up fee
What is it?
The Tenancy set up fee includes the cost of referencing - which will cover checking your credit status, previous employer references, current or past landlords references and taking into account any other information to help assess the affordability of your tenancy application. In the event of a lower than required credit score a suitable referenced approved Guarantor will be required. The fee also includes providing a Tenancy Agreement and protecting your security deposit with “My Deposits”. It covers the cost of one person.

When do I pay it?
After you’ve viewed the property and have decided to apply to rent it, we will provide you with a Tenancy Fee Declaration form which lists the services we provide and the fees that are payable. You will then be asked for your tenancy set up payment, which will temporarily reserve the property for you and be offset against the total amount payable on the day you sign the tenancy agreement and move in to your new home. You can pay by bank transfer or cash*/debit/credit card* - fees apply*

Other fees that may be applicable before you move in
Additional person fee
This covers the cost of processing the application and associated paperwork for any additional applicants. For each additional applicant there will be a fee.

Guarantor fee
Depending on the outcome from your application from the referencing company / credit agency, your earnings or overall financial position may require you to provide a suitable Guarantor. This is not uncommon, and means you have someone on your behalf that undergoes credit referencing - to ensure they have sufficient earnings to cover the overall rent commitments in the event that you, as the tenant, are unable to pay your rent. This fee is payable in respect of each Guarantor to cover credit/referencing/ID etc. costs and providing a Deed of Guarantee as part of the Tenancy Agreement, which details their legal obligations as a Guarantor.

Permitted occupier
This is a person approaching, or over the age of 18 who will not be permanently residing at the rented property. This only applies in very specific situations and then only with the landlords consent. The administration costs include supplying the relevant documentation that explains in more detail what it means to be a permitted occupier and how this fits in with the tenancy of the property.

Pet deposit
This covers the added risk of property damage. It will be protected with your security deposit in a Government authorised deposit scheme and may be returned at the end of the tenancy. Although the retention of two weeks' gross rent will be made for three months post-tenancy to cover any possible flea infestation.

During the tenancy, you may incur additional fees for other services
Amendment fee
May be applicable if a change to the tenancy is required mid-term. This may be due to a change in personal circumstances and / or a request to leave the tenancy early is agreed prior to the end of the tenancy agreement (this is subject to landlord consent). Adding an additional person/permitted occupier/Pet etc. to the tenancy.

Renewal fee (tenant's share)
This is the cost of preparing a new Tenancy Agreement and negotiating with your landlord for a further AST fixed term tenancy. Extending your tenancy, if agreed by your landlord gives an assurance of staying in the property for a further fixed period at a “fixed rate pcm” and avoids the uncertainty of a Landlord serving notice at any given time or increasing the rent pcm. The landlord also pays a share for renewing the tenancy. If you are simply extending your tenancy from a fixed term in to a state of “Periodic tenancy” then NO Charge is applicable.

Check out fee (tenant's share)
Some Landlords ask 123let.com to employ external inventory companies to produce an inventory for their property before the let. Where this applies, you will be liable for a check out fee when the inventory company carries out their inspection at the end of the tenancy. If applicable, the check out report forms an important part of how the return of your security deposit is arranged. Please feel free to ask our staff if this would apply to you. The landlord also pays a share of the check out fee.

Security deposit
Deductions may be made due to variation of the condition of the property compared to the inventory. A work arrangement fee of 12% (10% + VAT) of that invoice will be charged for arranging the work, processing the invoice and making the payment to the contractor.

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or email us at info@123let.com