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Here you will find all of the information you need to know about the fees which we charge and what they are for when you are looking to rent a property through Ashtons Lettings.
| Reserving/Holding a Property | Fee |
|---|---|
| Holding Fee | Equivalent to one week of monthly rental amount |
The holding fee is to hold the property whilst relevant checks are undertaken. The amount is then deducted from the first months rent upon a successful application. The holding fee will be refunded in full, should a tenancy agreement not be signed within 15 days of receipt of monies; unless an applicant confirms in writing that Ashtons can have an extension on this time frame. Should the tenancy not proceed either by the applicant providing incorrect or misleading information then the holding fee is non- refundable. The holding fee is also non-refundable if the applicant chooses to no longer proceed with the property.
| The rent | - |
| Refundable tenancy deposit capped at no more than five weeks’ rent where the annual rent is less than £50,000, or six weeks’ rent where the total annual rent is £50,000 or above. | - |
| Refundable holding deposit (to reserve a property) capped at no more than one week’s rent. | - |
| Payments in respect of: Utilities, communication services, TV licence and council tax | |
| Late payment fee Interest of 3% above the Bank of England’s base rate will be payable on any rent which is more than 14 days overdue. The interest will be payable from the date on which the rent fell due until the date it is paid. | - |
| Lost key(s) or other Security Device(s) The tenant will be liable for the reasonable costs for replacing any lost key(s) or security device(s). Where it isn’t possible for a key to be cut, the tenant will be liable for the cost to have the locks changed; this includes the cost of the locksmith, new lock and keys cut for the tenant, landlords and any other persons requiring keys. | - |
| Variation of contract (Tenants Request) Capped at £50 inclusive of VAT. This covers the costs of negotiating the changes and preparation of new legal documents. The charge is due per agreed variation. Evidence to support any further costs will be provided. | £50 |
| Early termination fee (Tenants Request) If early termination of a tenancy agreement is requested by the tenant, a fee to cover the landlords tenant finder fee may be due along with rental payments until the new tenant takes up occupancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy. | - |
The Application Process
If you decide to move forward with a property there are several checks which will need to be undertaken and passed in order for you to be accepted for a tenancy and get the keys to your new home. As part of our application process we require identification documents including: photographic ID, three month’s pay slips and three month’s bank statements. We will also complete the following checks: credit checks, Landlord or accommodation references, and Employer or Accountant references.
How to Pay Rent
Prior to the start of your tenancy, you will be required to pay your first month’s rent and deposit in cleared funds. You will also need to set up a standing order for your monthly rent from month two which will take the money from your account and process through to either the Landlord or ourselves. If you know that your rent is going to be late ensure you inform us before it falls due.
Our team of specialists will advise you on the real value of your property. Click here.
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Who’s Hot? And Who’s Not?Put simply, buyers who are ready to buy. So, if you have sold your home, cash buyer with nothing to sell or first time buyer with your finances in place your hot to trot! |
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Sell Your Home or Get a Mortgage Straight Away!It’s super important in a competitive market to get yourself in the best position possible. Whether that’s selling your current home or getting your finances in place. Luckily, we can help you with both. |
