These charges incorporate all related costs of processing an application for a tenancy including retrieving critical information, initiating referencing, processing all relevant paperwork throughout and finalising formal Tenancy Agreements.

 

£252 for a single tenant, £60 per additional tenant. Charges become payable upon commencement of the application process. At any time during the application process should tenants decide not to proceed or fail referencing, then application fees are not refundable. If a landlord opts to withdraw, then 75% of the application fee will be refunded to the tenants. The balance will be retained by Pestell & Co to cover costs already incurred for referencing and processing the application thus far.

 

Where a guarantor is required, additional referencing will be undertaken and further information required on each guarantor that is nominated by the tenants. The related charge shown below is applied per individual guarantor and becomes payable following receipt of the tenant's references and once the guarantor/s completes the relevant application form. £60. In the event of the tenancy not being finalised for any reason or the replies to referencing proving unsatisfactory, such charges are not refundable.

 

For retrieving critical information, initiating referencing, processing all relevant paperwork throughout, preparing and finalising formal Tenancy Agreements. £252. Where applicable, charges become due upon commencement of the application process.

 

Inventory Check Out fee: - Charges are based on the size of the property and paid for at the commencement of the tenancy

 

                                                                              

The tenants are required to pay a deposit prior to move in to protect the landlord against any damage incurred during a tenancy which is deemed to be beyond normal wear and tear. The dilapidation deposit will be equivalent to 1½ months’ rent and will be paid just prior to commencement of the tenancy.  Should the landlord agree to a pet, then an additional Pet Security Deposit of ½ months’ rent shall be taken. (This will be protected in a Government-authorised scheme either MyDeposits or DPS and may be returned at the end of the tenancy)

 

Just prior to move in and commencement of a tenancy, a minimum of 1 months’ rent in advance will be required from the tenants.

During a tenancy

 

If a landlord and their existing tenants are both interested in renewing a tenancy then the tenants will pay a contribution towards the costs involved of Pestell & Co re-negotiating revised terms, preparing all relevant paperwork and finalising the contracts. £90 (One off charge per tenancy and not per tenant)

 

Lost Key Fee: £20

Out of Hours Services: £20 per hour plus any actual costs incurred

Future Landlord Reference Fee: £60 per reference (Collating information and preparing a reference for a future landlord or letting agent)