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Standard Fees For Tenants


Holding Deposit


£250 per person, minimum £500.

This is not an additional charge and if your application is successful will be off set against your move-in funds. The holding deposit is a token of good faith only and does not oblige the landlord to let the property detailed. It does not commit the landlord to granting the tenancy or constitute an offer of tenancy but is required as proof of your commitment to proceed. Its purpose is as good faith only, to be held by ourselves, whilst your references are processed. Should any of the prospective tenants withdraw from the proposed let, no refund of the holding deposit will be made. However should the landlord not proceed with the proposed tenancy due to unsatisfactory references, a deduction of £180 including VAT will be made per tenant. If the landlord should withdraw from the proposed let through no fault of the tenant, the holding deposit will be returned in full.

 

Administration Fee

 

£180 including VAT per person which covers any administration involved with processing a tenancy. It also includes the cost of any referencing required and a contribution towards the tenancy agreement. 

 

Guarantor Administration Fee

 

£60 including VAT per guarantor which covers any administration involved in processing a guarantor application. It also includes the cost of any referencing required and the preparation of any legal documentation that may be required.

 

Inventory/Check-in/Check-out

 

The price is variable dependent on the size of the property.

This is usually payable at the end of the tenancy and unless advised otherwise, the landlord would be responsible for the cost of the inventory/check-in and the tenant will be liable for the cost of the check-out and any missed appointments.

 

Change of Occupant

 

£300 including VAT for one replacement tenant.

The landlord does not have to agree to any changes of the named tenants during the tenancy term. If they do agree to this then a charge of £300 including VAT is chargeable. This charge covers all administration involved in the change of occupancy process including any references required, a contribution towards a new tenancy agreement and the charge of re-protecting the security deposit if required. Please note that should more than one tenant wish to be replaced at the same time there is a charge of £150 including VAT per additional tenant.

 

Renewal Charge

 

If you wish to extend your tenancy then we will make a charge of £100 including VAT per property. This charge covers all administration involved.

 

Tenant Reference Request


£35 including VAT per reference payable on request of reference.

 
Letter sent by Locate Properties regarding late rent or non-payment of rent/administration charges

 

£60 including VAT administration fee for each letter sent.

 

Should your application be successful then in addition to some or all of the above you would, unless otherwise agreed, be required to pay the first months' rent plus a six weeks security deposit.

 

                                           

                                        

                                                  

                                                  Locate Properties are not registered with a Client Money Protection Scheme

 

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