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An independent, family run business providing property development, property investment and lettings in Telford / Shrewsbury

07875 010603 | 0800 668 1360 | Open 7 days a week - 8am - 7pm.

REFERENCING FEE

What is it?

The Referencing fee includes the cost of referencing – which will cover checking your credit status, previous employer, current or past landlords, and taking into account any other information to help assess the affordability of your tenancy application. The fee also includes providing a Tenancy Agreement and protecting your security deposit with a scheme such as The Deposit Protection Scheme. It covers the cost of one person.

Guarantor fee

Depending on the outcome from your application from the referencing company, your earnings or overall financial position may require you to provide a 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 costs and providing a Deed of Guarantee as part of the Tenancy Agreement, which details their obligations as a Guarantor.

Renewal fee (tenant's share)

This is the cost of preparing a new Tenancy Agreement or Licence Agreement gives the tenant or licence an assurance of staying in the property for a further fixed period, and avoids the uncertainty of a landlord serving notice at any given time.

Deposit:

where we're required to we will protect your deposit via the Deposit Protection Scheme (DPS)


TENANT FEE

Moving in costs:

Advance payments - This is property dependant we charge the first month rent in advance.

Deposits - We charge minimum of a months deposit but this can be more depending on the individuals circumstance and credit history and whether they have pets.

Referencing fees - We may charge £100.