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Tenant Fees


Fees Chargeable When Renting a Property


Once the tenant has agreed to rent the property through our company, we will provide you with a guide which clearly explains the entire rental process from the start to the end of the tenancy agreement and more importantly fees payable by you. Below is a list of our current charges (inclusive of VAT)


Description

Fee

Tenancy Set Up (individual applicant)

228

Tenancy Set Up (2 or more applicants)

204 per applicant

Tenancy Set Up (4 or more applicants)

180 per applicant

Guarantor (Including Credit Check)

156

Amendment Fee

108

Check Out Fee

90 per tenant

Extension Fee

90


Holding Deposit

A non-refundable preliminary holding deposit of 500 is to be paid by the proposed tenant(s) on agreement of an offer. This fee does not constitute an acceptance of the applicant by the owner of the property or his/her agent, nor the granting of the tenancy. The payment of this sum is by way of confirmation that the applicant wished to enter negotiations with the owner, via his/her agents and is not refundable should the applicant withdraw.

Tenancy Set Up Fee


This fee is deducted from the preliminary holding deposit and includes the cost of referencing, i.e checking your employer, landlord and any other information provided to help assess the affordability of your application. The cost of preparing the Tenancy Agreement and securing the deposit is also included in the fee.


Additional Fees Which May be Applicable


Guarantor


Depending on the outcome of your application with regards to your earnings or overall financial position we may require you to provide a Guarantor. This means you have someone on your behalf that also undergoes referencing, to ensure they have sufficient earnings to cover the overall rent commitments if you, as the tenant, are unable to pay your rent. This fee is payable in respect of each Guarantor.


Fees During The Tenancy Period


Amend Fee


Due to a change in personal circumstances and/or a request to leave the tenancy early is agreed prior to the end of the tenancy agreement (this is subject to landlord consent)

Extension Fee


This is the cost of preparing a new Tenancy Agreement and negotiating with your landlord for a further fixed term tenancy, technically extending your tenancy for another term, if agreed by your landlord, gives 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.


Check Out Fee


You will be liable for a fee when the inventory company carries out their inspection at the end of the tenancy. The checkout report forms an important part of how the return of your security deposit is arranged. Please note that a higher deposit will be required where it is agreed that the pets can be included in the tenancy (this includes retaining 100 for a 3 month period after the tenancy has ended to safeguard against any infestation). This inclusion of any pets is subject to the landlords consents.


Tenancy Deposit


A deposit equivalent to six weeks rent must be paid in cleared funds when you sign the tenancy agreement and is held by Bassetts as Stakeholder for the duration of the tenancy in accordance with the terms of your tenancy agreement and where applicable Bassetts will register the deposit monies with a deposit protection scheme on the landlord behalf. Bassetts excludes liability in relation to loss caused by the insolvency of a financial institution which holds deposits in its contracts with landlords and tenants.

All deposit deductions must be agreed in writing by bold landlord and tenant upon the termination of the tenancy. The tenancy agreement entered is between the landlord and the tenant and, therefore, the tenant cannot hold Bassetts liable for any deductions made from the deposit which may fall into dispute.

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