Long Term Lets Fees
For short term rentals there are no fees to pay other than a security deposit (normally £250 but depends on size of the party). For long term rentals on an Assured Shorthold Tenancy or Company Agreement (6 months minum term and no bills included) the following fees are chargeable:
Administration Fee £150 + Vat (includes tenancy agreement, reference fee and tenancy deposit fee)
Inventory Fee £120 + Vat (this is a condition report of the property that is done at the end of your stay and is done by an independent contractor)
Security Deposit - usually 6 weeks rent - this is secured by The Tenancy Deposit Scheme.
Fees are payable in advance and any deposits to hold property at the beginning are deducted from rent. There is no Vat charged on rent but Vat is applicable on fees.
Tenancy Renewal Fee £50 + Vat