We will always be honest and transparent in terms of any fees charged to tenants not only during the application process itself but also during a tenancy. A summary of these charges are shown below.
BEFORE TENANTS MOVE IN
One weeks holding deposit to secure property and remove from being marketed. It is refundable and can be put towards the tenancy deposit if the tenant wishes.
Inventory fee is paid by the landlord
Where applicable, Instruct an independent company to carry out a detailed inventory (property condition report). This document protects the interests of both landlord and tenants in the event of a dispute at a later date. It is the responsibility of the Landlord to pay for the initial inventory produced at the beginning of the Tenancy Agreement
Client Money Protect scheme Membership for Property Agents
Our membership number CMP004663
The tenants are required to pay a deposit prior to moving in to protect the landlord against any damage incurred during a tenancy which is deemed to be beyond normal wear and tear. The deposit will be equivalent to 5 weeks rent and will be paid just prior to commencement of the tenancy. Where Properties are protecting the deposit we will register the Landlord and tenant details and protect the security deposit with a government-authorised scheme. Provide the tenant(s) with the deposit Certificate and Prescribed Information within 30 days of the tenancy.
Your deposit will be held with My Deposits www.mydeposits.co.uk
It’s a legal requirement for landlords and letting agents to protect their tenants’ deposits with a government scheme such as mydeposits.
This is refundable and is held for security against the tenant damaging the property or not paying rent. 5 weeks rent is the upper limit (where the total rent is under £50,000 per year).
A minimum of 1 months’ rent in advance will be required from the tenants just prior to moving in and commencement of a tenancy.
For more information, please contact the HS Estate Agents team!