TRANSPARENCY FOR TENANTS
Once you’ve found the perfect property and your offer has been accepted, the team at David Astburys will begin preparing the tenancy agreement and organising the logistics for your move-in day. The tenancy charges may vary, depending on the agreement we have with the landlord, so it is best to ask a member of the team if you would like a full break down on costs.
That being said, at David Astburys we are committed to being upfront and transparent about any fees and charges. We want to make sure that you are able to make informed decisions without any unwelcome surprises. We have put together a list of what you can typically expect to pay:
- Tenancy agreement / admin fee: £300 inc VAT
- Referencing fee : £96 per reference (including references for any proposed Guarantor) inc VAT
- Check in fee: Maximum of £276 inc VAT
- Deposit: Typically six weeks’ rent
- Pet deposit: Returnable additional security deposit, equivalent to two weeks’ rent
DURING YOUR TENANCY (IF REQUIRED)
- Renewal tenancy agreement fee: £300 inc VAT
- Change of occupancy fee: £300 inc VAT
- The cost of the preparation of a new agreement: £300 inc VAT
- The cost of an inventory check-out: Maximum of £276 inc VAT
- Referencing proposed new tenant(s)/guarantor(s): £96 per person
- Re-referencing current tenant(s)/ guarantor(s): £96 per person
- Further Right to Rent ID verification (if necessary): £7.20 inc VAT per adult occupant
- Tenancy deposit protection administration charge: £72 inc VAT
- Future landlord reference fee: £43.20 inc VAT
For more information regarding the lettings process, please visit our guide to renting.
Tenancy Agreement/Admin Fee – Provision of an expertly written tenancy agreement, outlining agreed amendments between landlord and tenant, arrangement for completion and signature of the agreement by both parties and registering your deposit with the Tenancy Deposit Scheme. Your deposit is typically six weeks rent.
Referencing Fee – The cost of referencing includes checking your credit status, previous employer, current or past landlords, and taking into account any other information to help assess your affordability.
Check-in Fee – The cost of arranging for a clerk to meet you and agree the current inventory of the property at the start of your tenancy. The cost of the check-out at the end of the tenancy is met by the landlord.
Pet Deposit (Returnable) – To cover the added risk of property damage. This will be protected with your security deposit and may be returned at the end of the tenancy.
Renewal Document Fee – Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.
Change of Occupancy – Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.
Future Landlord Reference Fee – Collating information and preparing a reference for a future landlord or letting agent.
Early Termination – Should you terminate your tenancy before the end of the term and the Landlord agrees that you can terminate early, you will be responsible for the repayment of the pro-rata commission fee paid in advance by the Landlord for the unexpired portion of the tenancy, unless you are exercising a break clause which is contained in your Tenancy Agreement.