Starting a Tenancy
Non- refundable Tenancy Application Fee – £300.00
Deducted from the Agency Fee and Deposit upon successful application
Agent Fee Break Down
Starred fees are compulsory
*Agreement Fee
£175.00 per tenancy
*Referencing Fee
£50.00 per applicant
Guarantor Fee
£100.00 per guarantor
Pet Clause
£50.00 per tenancy
Check In Fee
£100.00 per tenancy
Express Move In 5 Days
£100.00 per tenancy
Deposit Fee
£30.00 per tenancy
Deposit Due – due within 7 working days of today’s date.
Rent Due – due within 7 working days of today’s date.
(If tenancy commences before 15th of the month, the rent is calculated pro rata. If tenancy commences after 15th of the month the 1st months rent is pro rata in addition to the 2nd months rent in full).
During a Tenancy
Tenancy Extension – £90.00
Tenancy Addendum – £90.00
Change of Sharer
Initial Fees
Lost Keys
Property Key – from £20.00 (depending on type of key)
Post Box Key – £20.00
Car Park Fob – from £75.00 (depending on type of fob)
Communal Door Key – from £35.00 (depending on type of key)
Change of Lock – £95.00 plus cost of lock
Loan of key – As above as a holding fee plus photographic ID such as Driving Licence which will be returned on the return of the key
Rent Arrears – £55.00 for each rent reminder
PLUS interest on rent arrears @ 8% as inline with the County Court interest rate
Section 8 Notice – £108.00 (inclusive of VAT)
Section 21 notice – £108.00 (inclusive of VAT) where the landlord has serviced notice due to unacceptable behaviour by the tenant
Dishonoured Cheque – £55.00 for each cheque plus interest of 8% on any arrears
Ending a Tenancy
Contacting Suppliers on the tenants behalf – £45.00 per supplier
Failure to cancel a Standing Order – £45.00 per refund
Failure to return keys – cost of replacement lock, fitting and key cutting plus the landlord reserves the right to charge rent up to the date possession of the property is obtained
Re-let Fee upon agreed early termination – £420.00 (inclusive of VAT)
Sherlock Homes reserve the right to vary and increase the charges in line with fluctuating interest rates and rising costs. VAT is charged at the current rate of 20%
Guidance Notes For Applicants
The granting of a tenancy is strictly subject to referencing and contract. If proceeding with an application, the sum of £300.00 holding fee will need to be taken and held against the property. This will be deducted from the final amount due. After this, if the applicant decides they no longer want to rent the property this amount will NOT be refunded. If the landlord decides that they no longer want to rent the property through no fault of the applicants, i.e. not declaring information that would be harmful to the application or change the landlords mind about renting to the applicant, then that amount WILL be refunded to you via cheque within 5 working days.
If the landlord accepts an application, the applicant has 48 hours to get all documents in to the Branch for processing, failure to do so, may prolong the process and move in date. Moreover, the landlord may want to keep the property advertised until these documents are received.
Sherlock Homes reserves the right to request a guarantor for all parties in the granting of a tenancy. It is our company policy that a guarantor is provided to cover the full affordability of the property (30x The Rent per annum) per tenancy.
STAGE 1 – TENANT MUST COMPLETE & PROVIDE:-
• Online UK Tenant Data Application Form. (Will be sent to you via email which includes a £19.20 charge for RIGHT TO RENT CHECK as per The Immigration Act 2014. This charge is payable direct to UK Tenant Data)
• Sherlock Homes Application Form
• TDS – The Dispute Services – Deposit Scheme form (if managed)
• Proof of ID – passport, driving license or birth certificate
• Proof of Address – utility bill or an official letter dated within 3 months
• Proof of Earnings – 3 months pay slips and 1 months bank statements dated within 3 months
STAGE 2 – SHERLOCK HOMES WILL GATHER :
• Continuing Guarantee and supporting documents, to include:-
• Photo ID/proof of signature (passport, driving license or birth certificate) and proof of earnings/funds (3 consecutive months worth) or proof of home ownership (must be permanent UK resident)
Fees will be no more than £405 incl VAT based on a 2 adults in a property