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Summary of Tenancy Fees & Charges

WE OFFER ‘NO SMOKING/NO PETS’ TENANCIES FOR ALL PROPERTIES. 

How do I/we apply for a tenancy?

Each person over the age of 18 must complete an Application Form, GDPR Declaration and Right To Rent Form. Please return completed application forms to our office. In order to proceed with your application, we are required to obtain from you sensitive information for the purposes of conducting residency checks in accordance with the Immigration Act 2014. The simplest way to confirm if you have the Right to Rent is for you to provide us with your passport. For further information please refer to the last page of the application form.

Check what furniture, appliances etc are included with the tenancy – please do not assume that everything you see in the property is included with the tenancy.

Your application will be dealt with by our appointed referencing company HomeLet. Reference checks usually take 5 – 7 working days to complete but some are completed sooner. An employer and landlord reference (where applicable) will be obtained. A credit check is also undertaken as part of the referencing process.

Do I need a Guarantor?

If your own income/earnings, or one of your co-tenants if you are sharing, is not sufficient to support your application you/they will require a Guarantor e.g. relative, family member or friend, work colleague or employer, etc who would be prepared to assist with, or meet the whole, payment of rent should you/they be unable to do so at any time. Each Guarantor must complete a separate application form. 

Do I have to pay a Holding Deposit?

Yes. Once the application has been accepted we will require a Holding Deposit from you to reserve the property. This is calculated at one weeks rent and forms part of the overall Bond. 

Can I get my money back if I withdraw my application for the tenancy?

No. Should you withdraw your application before the tenancy starts, or your application fails the referencing process, the Holding Deposit you have paid to us in advance will not be returned to you.

Please let us know if you have any queries about any of the above information. Our staff will be pleased to assist you.

PERMITTED PAYMENTS

HOLDING DEPOSIT: One week’s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

BOND/SECURITY DEPOSIT (per tenancy. Rent under £50,000 per year): Five weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy. Six weeks’ rent.

BOND/SECURITY DEPOSIT (per tenancy. Rent of £50,000 or over per year): This covers damages or defaults on the part of the tenant during the tenancy.

UNPAID RENT: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.

LOST KEY(s) OR OTHER SECURITY DEVICE(S)/PERMITS(S): Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

VARIATION OF CONTRACT (Tenant’s Request): £50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.

CHANGE OF SHARER: £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

EARLY TERMINATION (Tenant’s Request): Should the tenant wish to leave their contract early; they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

Company Application Fee: £500 Including VAT. 

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“We are so pleased! I imagine it’s all second nature to you but the longer we had it vacant, the more worried we became! You said 2 or 3 viewings and it would go and you were right! I hope as we get into the swing of letting we will become less stressed! We have been really impressed with the service from you”

–a LANDLORD whose property we have just let

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Contact Moores Estate Agents today: Tel: 0113 274 2033 | Email Us: enquiries@moorehomesinleeds.co.uk