Summary of Tenants Fees
All the information you need about our fees...
When you apply to rent a property that Homes Partnership is marketing, it is important that you understand and are aware of the fees that you will need to pay at the start of the tenancy and also any that may become payable during your tenancy.
An explanation of the fees that are chargeable are provided below. These fees are payable in addition to the rent and dilapidations deposit payable on your tenancy. All fees are inclusive of VAT (where applicable).
Tenant referencing fees:
£240.00 for the first tenant
£120.00 per additional tenant
Additional reference fees:
£120.00 per Guarantor should one be required
£360.00 per Company let (where appropriate)
Money due in cleared funds prior to the start of tenancy:
One month's rent in advance
Dilapidations Deposit (Equivalent to one and half month's rent)
£150.00 - Application Process Fee
£84.00 - Renewal fee
£400.00 - Early Termination Fee
£90.00 - £210.00 (Property dependent) - Check-Out Fee
When you decide to rent a home, you need to budget not just for the monthly rent and household bills, but also the initial costs.
We will always provide you with a bespoke written quotation of all the tenant fees which could become payable prior to securing your rental property. Some fees will be specific to the circumstances of an individual or a particular property but we aim to keep things as simple as possible for you.
As with anything; if you want clarification or further information please do not hesitate to contact us and we will be happy to assist.
We hope that our tenants of today become our landlords of tomorrow.
Tenant Reference Fees:
Referencing the tenant(s) (identity, immigration and visa confirmation, financial checks, obtaining references from current or previous landlords/employers and any other relevant information to assess affordability) including all time taken and communication that is required in order to have these checks concluded.
Guarantor Reference Fees:
This fee is only charged if a Guarantor is required and covers the cost of referencing as per the tenant referencing. This also includes the preparation of a deed of guarantee for the tenancy agreement.
Company Reference Fees:
This fee is only charged if a Company/Business reference is required and covers the cost of the checks of suitability undertaken.
A deposit is paid by a Tenant at the commencement of a tenancy and is held, usually, by the DPS for the duration of the tenancy. At the end of the tenancy, it is dealt with in accordance with the terms of the Tenancy Agreement.
Application Process Fee:
Preparation of the tenant’s part of the tenancy agreement. Arranging the signing, dating and execution of the agreement. Handling and processing of the tenants dilapidations deposit. Negotiation of all the terms of the tenancy put forward by the tenant including the cost of all communications involved.
Preparation of the tenant’s part of the renewal of the tenancy agreement. Arranging the signing, dating and execution of the agreement. Negotiation of all the terms of the renewed tenancy including the cost of all communications involved.
Early Termination Fee:
If the tenant requests an early termination of the contract and the landlord agrees for the property to be re-marketed in order to find suitable replacement tenants then the tenant agrees to pay an early termination fee to cover re-marketing costs which is to be paid prior to the commencement of re-marketing. In addition the tenant may be requested to pay the landlords administration fee at the discretion of the landlord and will also remain liable for the property and the rent until the commencement of the new contract with the replacement tenant.
Check Out Fee:
The fee payable to arrange the check out report when the Tenant(s) vacate the property.