Brown & Merry Stony Stratford

explanation of our tenancy application fees

We are members of The Property Ombudsman redress scheme
We are covered by the ARLA Client Money Protection scheme

 

We would like to provide clarity of the fees that will become payable should you apply for a tenancy on a property we are marketing as being available to rent.  We believe you should understand these before you make any decision about a property or before you decide to view a property.

We set out below what work is involved and how our fees are calculated once your offer has been accepted by your prospective landlord. These fees will be paid in addition to any rent and Deposit that is due under a Tenancy Agreement. Acceptance of any offer will be subject to contract, referencing and Immigration checks.  These will usually cover:
Referencing and Right to Rent Checks, Tenancy Agreement Administration and Inventory Checks.

tenant deposit

A deposit equivalent to a month's rent plus £100 will be required to be paid at the start of the tenancy.  This is subject to referencing, a landlord may require a higher deposit if the referencing criteria is not met, further details will be provided at that time

Fee£ Inc. VATExplanation
Tenant Referencing £96.00 / person This is charged for each tenant applying for the tenancy.
Guarantor Referencing £120.00 / Guarantor Only if a Guarantor is required and charged for each Guarantor that is referenced.
Company Referencing £300.00 Company or Business reference fee
Negotiating and agreeing Tenancy Agreement (Tenant share) £210.00 One off charge for the Tenancy Agreement preparation.
Unfurnished Inventory Check (Tenants Share) £120.00 One off charge per tenancy.
Furnished Inventory Check (Tenants Share) £144.00 One off charge per tenancy.
Negotiating and Agreeing a renewal/extension to your tenancy (Tenant Share) £114.00 One off charge for each renewal/extension.

You should be aware that the need for a guarantor may not become apparent until your referencing (including for any joint tenants) has been completed, therefore guarantor referencing fee(s) will only become payable should a guarantor be required.

Please ask us to explain these to you, once we know your circumstance and how many tenants are applying for the property you are interested in, we can confirm the fees that could become payable.

Contact Us

Brown & Merry
65 High Street
Stony Stratford
MILTON KEYNES
Buckinghamshire
MK11 1AY

T: 01908 561874
E: StonyStratfordlet@brownandmerry.co.uk

Go to Brown & Merry Stony Stratford branch page
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