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Tenants



You will have a legally binding Tenancy Agreement known as a AST (Assured Tenancy Agreement) to rent the property for a set term, minimum 12 months, agreed and signed before you move in.
Application fees may be applicable, however your future Landlord will pay your Referencing and Credit checks. (please see table below)


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 - www.mydeposits.co.uk. All the necessary legal documents in letting any property, the required HM Government “Right to Rent document”, Landlords Safety Gas Certificate, Epc, Information for Tenants, Fire Risk Assessment, etc. We can recommend a discounted Contents Insurance provider directly with you on a monthly or annual basis via direct debit, all at amazing low prices with unparalleled levels of service

What fees if any can I expect to pay
When you have agreed on the property of your choice, 123let.com will provide you with a Tenancy Set Up Arrangement Declaration. This helps explain not only the next stages of your application, but any fee (if applicable) which is due before you sign your Tenancy Agreement, any fees which may become payable during the Tenancy. This Assured Shorthold Tenancy Agreement (AST) will include confirmation of the agreed rent, term length, 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 when applicable.

Other fees that may be applicable before you move in

Additional person fee (where applicable)
This covers the cost of processing the application and associated paperwork for any 'additional" applicants not stated on your agreement following commencement. For each additional applicant there will be a fee.
Guarantor fee (where applicable)
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 administration cost is payable in respect of each Guarantor and not the tenants themselves 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.

During the tenancy, you may incur additional administration charges 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 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 outside the realms of 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% of that invoice will be charged for arranging the work, processing the invoice and making the payment to the contractor.

















Tenancy set up£240

Additional person£72

Guarantor£144

Permitted occupier£144

Pet deposit£0.00

Amendment fee£120

Right to Rent check£72

Check out fee (tenant’s share)£0


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