Sharman Quinney Orton
Explanation of our tenancy application fees
We would like to provide clarity of the fees that may become payable during a tenancy you are looking to enter into. We believe you should understand these before you make any decision about a property or before you decide to view a property.
Acceptance of any offer will be subject to contract, referencing and immigration checks. You will need to pay the Rent and Deposit that is due under a Tenancy Deposit, or where the landlord is offering the property with a deposit replacement guarantee product, and you wish to take up this option, you will need to provide proof that you have purchased such a product by providing us with a copy of the insurance certificate before a tenancy can start.
Referencing and Right to Rent Checks - You will be asked to complete an application before referencing can be undertaken, you should also provide an original photographic Identification (e.g. passport, National ID card, VISA, resident permit, driving licence) and Proof of Residence (e.g. original utility bill, council tax bill or bank statement all of which much be less than 3 months old) if you have any queries relating to this please speak to the branch you are dealing with.
You should be aware that the need for a guarantor may not become apparent until your referencing (including references for any joint tenants) has been completed. Where a guarantor is required they will need to complete an application form and provide photographic identification and proof of residence.
Referencing will cover a check against the credit file and public records of the individual, an Anti-Money Laundering check, confirmation of employment and salary details, confirmation of previous tenancy details, right to rent checks, reporting the results of all those checks to your prospective landlord to see if your application is acceptable.
Tenant deposit – from 1 June 2019 landlords in England are limited to the equivalent of 5 weeks rent for new and renewed tenancies (or 6 weeks if the annual rent is £50,000 or more). This is calculated by dividing the annual rent by 52 and multiplying by 5 (or 6 if rent is £50,000 or more) and will be required to be paid at the start of the tenancy. This is subject to referencing.
Tenant Fees Act 2019 permits certain fees / charges to be made under the following circumstances:
|Fee||Explanation||Cost (inc. VAT)|
|Referencing||This is charged for each tenant applying for the tenancy.||£96.00/person|
|Guarantor Referencing||Only if a Guarantor is required and charged for each guarantor that is referenced.||£120.00/guarantor|
|Tenancy pet clause||Addendum to the tenancy agreement for any pets kept at the property||£30.00|
|Company Referencing||Company or Business reference fee||£420.00|
|Tenancy Agreement (Tenant Share)||One off charge for the Tenancy Agreement preparation.||£210.00|
|Inventory check (Tenant Share)||One off charge per tenancy||£90.00|
|Renewal/Extension agreements||One off charge for each renewal/extension.||£114.00|
|Landlord/ agent reference fee||One off charge for a landlord/ agent reference for an alternative property||£30.00|
Tenant Fees Act 2019 and Existing Tenancies
Explanation of our tenant fees permitted under the Tenant Fees Act 2019 transitional provisions, where fees are written into existing tenancy agreements. These apply to all tenancy agreements granted or signed and executed before 31st May 2019, and can be charged up until 31st May 2020:
For more details, please contact the branch: