Costs involved

The various costs involved when renting a property are detailed below.

On application

When making an application for a property, a charge of £30 (+ VAT) must be paid to cover the referencing service.

Before moving in

Before you can move in we must receive cleared funds to cover the first months rent, the deposit and our agency arrangement fee, which is currently £135 (+ VAT) for singles and couples, and an extra £25 (+ VAT) for each extra person. This must be paid before the tenancy agreement is prepared. The deposit is taken as security in case you do not comply with the terms of the tenancy agreement and the landlord incurs costs as a result. It is equal to one months rent, and will be returned to you at the end of the tenancy provided all rent and bills have been paid up to date, the property has been well maintained and all items listed on the inventory are present and in good condition. Please note the deposit may not be used as the final rental payment. In compliance with Government Legislation this money will be held under the terms of the Tenancy Deposit Scheme. Full details of the scheme are available from our office.

Rent

Once you are living in the property you must pay the rent monthly in advance. You are responsible for ensuring it is paid in full and on time - the best method is to set up a standing order so payments are taken directly from your bank account. If you receive housing benefit you are also obliged to ensure payments are made as quickly as possible. Please also note that should the landlord or agent incur any costs because of a late payment, this cost will be passed on to yourself.

Utilities

Unless an agreed service charge is paid with your rent, you will be responsible for paying the utility bills - Council Tax, water rates, gas, electricity (or other fuel) and telephone. You must also purchase a valid TV license for the property address. You may not change supplier of any of these services without permission from the landlord.

Insurance

You are also responsible for insuring all your own belongings in the property and specialist tenants' insurance policies can also cover you for damage to the landlords' property. We will be pleased to give you further information on Homelet insurance which deals specifically with rented accommodation.

You can also visit the Homelet website by clicking on the image below.

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