At Rural and Rare Estate Agents we are upfront about the fees we charge. Details of our fees can be found below. If you are aleady one of our tenants we may be able to offer a discount on referencing if you are looking to move to a new property with us.
The application fee includes the cost of referencing which will cover checking your credit status, previous employer, current or past landlords, and taking into account any other information to help assess the affordability of your tenancy application. The fee also includes providing a Tenancy Agreement and protecting your security deposit with the Deposit Protection scheme. The application fee is non-refundable unless the landlord withdraws the property from the market.
After a viewing and when you have decided to apply for the property. The table above details all fees that could be incurred when being offered a tenancy. The application fee can be paid by BACS transfer or cash at our offices.
Any additional fees that may be applicable to you, for example a guarantor fee, will also be collected on the day that you submit your application form. Your rental payment and security deposit payment will become due on the day you sign your tenancy agreement and move in to your new home.
This covers the cost of processing the application and associated paperwork for any additional applicants.
Depending on the outcome from your application from the referencing company, your earnings or overall financial position may require you to provide a Guarantor. This is not uncommon, and means you have someone on your behalf that undergoes credit referencing to ensure they have sufficient earnings to cover the overall rent commitments in the event that you, as the tenant, are unable to pay your rent. This fee is payable in respect of each Guarantor to cover credit referencing costs and providing a Deed of Guarantee as part of the Tenancy Agreement, which details their obligations as a Guarantor.
This is a person approaching, or over the age of, 18 who will be permanently residing at the rented property but doesn't have the same legal obligations to pay rent etc. This only applies in situations whereby the person will reside at the property for more than three weeks in a three month period and will only with the landlords consent. Please ask a member of our Lettings Team for more information.