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- The Letting Process
- Letting Regulations
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- Letting fees
Holding Deposit - A holding deposit equivalent to 1 weeks rent is payable upon the start of the application.
Successful Applications - Any holding deposit will be offset against the initial rent and deposit, with the agreement of the payee.
Failed Applications – A holding deposit will not be refunded in circumstances where the tenant withdraws, fails a Right to Rent check or provides false or misleading information that materially affects their suitability to rent the property.
Fees Payable in accordance with the Tenant Fees Act 2019 - Additional charges may apply during the course of the tenancy or at the end and are detailed within the tenancy agreement. e.g.
Default of contract - Late payment charge £30
Default of Contract - Loss of keys - Admin charge£30 + cost of replacement
Contract variation admin charge -£60
Contract early termination - Admin charge £60 plus any reasonable Landlords costs by prior agreement
Deposit - A deposit is required equivalent to 5 weeks rent (6 weeks rent where the annual rent is greater than £50,000) The deposit and first months rent is payable once the references have been passed and before the tenancy begins.
Before an application can proceed, we require photo ID in the form of a passport or EU driving licence and proof of address in the form of two up to date utility bills. For non EU applicants, we require proof of right to reside and a work permit.
It is your obligation to obtain written consent from Bartram & Co for any change in the identity of the tenants.
Company Referencing - We will undertake company references based on the details supplied and make a charge of £360 for this service.
Renewal/extensions - Please contact us in advance if you wish to renew your tenancy. We will make a charge of £60 to cover administration costs at each renewal.
Payment of Rent - The first instalment of rent must be paid in cleared funds when you sign the tenancy agreement. Thereafter, rent is payable by standing order to arrive on the due date as stated in the tenancy agreement. This means that the standing order must be set up so that the funds leave your account three days before the rent is due. The full rent must be paid by a single standing order.
A reference may be requested by a tenant at any time. The administration fee for this service is £30 and is payable in advance.
VAT – All fees quoted are inclusive of VAT at the prevailing rate of 20%
Bartram & Co Towcester are members of Safeagent, a client money protection scheme which offers recompense to tenants and landlords of rent, unprotected deposits or other client funds in the event that monies have been misappropriated or fraudulently used by a Safeagent firm. We are also members of the Property Redress Scheme, a consumer redress scheme authorised by the Department for Communities and Local Government (“DCLG”) and by the National Trading Standards Estate Agency Team to offer redress to consumers of Lettings, Property Management and Estate Agents.
Management Fee – 9% of the monthly rent including VAT
Letting Fee – 60% of the first months rent
Let & Rent Collection – 9% of the monthly rent
Renewal Fee – 30% of the monthly rent
Referencing Fee - £198 for the first tenant
Referencing Fee - £90 for each additional tenant
Referencing Fee - £90 for each guarantor
TDS Registration Fee – F.O.C. for managed
TDS Registration Fee – £30 for let only
TDS Renewal Fee – £30 for let only Inventory Fee (Furnished) –£120
Inventory Fee (Unfurnished) – £60
Additional Inspections – £60 first hour + £30/extra hour
Preparation of dispute evidence – £60 first hour + £30/extra hour