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If you choose to apply for a rented property through Jackson-Stops, in addition to the rent, prior to the commencement of the tenancy you will be required to pay the following:
Tenancy Agreement Fee: £150 plus VAT (Total £180).
Referencing Fee: £30 plus VAT (Total £36) per person applying for the tenancy and for each guarantor who may be required.
Renewal of Tenancy Fee: if you decide to renew your tenancy agreement after the initial term, there will be a further charge of £70 plus VAT (Total £84) for the preparation of the tenant's renewal documentation.
Security Deposit: All rental properties require a deposit to be taken and held as security throughout the term of the tenancy. It is registered and protected under the Tenant's Deposit Scheme and returned to you after the end of the tenancy, less any agreed deductions. Your deposit is usually equivalent to six week's rent.
You will also need to pay for the inventory check-in/out (depending on what is agreed) and the
cost of this will depend on the size of the property. At the end of the tenancy, you will also be responsible for paying for a professional clean.
Please speak to your local office should you require further information on these charges.
Rent is payable in advance, usually monthly or otherwise as agreed.
When you apply for a tenancy of a property, you will be required to make a Payment of Intent which is usually the equivalent to one week's rent. This Payment of Intent will be offset against the total of initial monies required before the commencement of tenancy.
The payment formalises your intent to proceed with an application for a tenancy, subject to contract, though it is refundable should you decide not to proceed with the tenancy. However, if you decide not to proceed, then all of the charges and fees listed above will be deducted plus an administration fee of £50 plus VAT (Total £60). Should the landlord withdraw for any reason other than inadequate references, then the Payment of Intent will be refunded in full. Should the reason be for inadequate references, then the Payment of Intent will be refunded less the referencing charges as detailed above and an administration fee of £50 plus VAT (Total £60).