Scale of Farrons Lettings Fees

Full Management Service:

10% to include rent guarantee or alternatively 8% without.

Additional Fee & Charges:

Initial set up fee- The agreed charge of �399 (to include an EPC, Legionella risk assessment & Gas safety certificate) or alternatively �249 excluding these items. This will be deducted from the first rental payment.

Rent Collection Service:

7% to include rent guarantee or alternatively 5% without.

Additional Fee & Charges:

Initial set up fee- The agreed charge of �349 (to include an EPC & Gas safety certificate) or alternatively �249 excluding these items. This will be deducted from the first rental payment.

Agreed Let Only fee:

Agreed charge of �399 (to include an EPC, Legionella risk assessment & Gas safety certificate) or alternatively �249 excluding these items. This will be deducted from the first rental payment.

TENANT FEES:

Referencing, Credit Searches and Holding Fee

Until a signed and completed Application and Guarantor Form(s) is received together with a Holding Fee of �100.00 (One Hundred Pounds) the property cannot be reserved. The holding fee will be deducted from the total amount due (Application fee, agreed rent & deposit) on the signing of the initial tenancy agreement.

All applications must be submitted with the required proof of address, e.g. a utility bill dated within the last 2 months, (Mobile phone bills are not acceptable), we also require your most recent 3 months bank statements, (They must show account holder name, number and sort code).

All applicants will be referenced and thorough credit searches undertaken. If inaccurate information is supplied which results in an adverse report being received from our Referencing Agents the application will be rejected and the Holding Fee retained. If for any reason the property is withdrawn by the landlord the Holding Fee against that property will be returned in full.

Guarantors

In some instances a Guarantor may be required. If this is the case the Guarantor will be referenced and subject to a credit search in the same manner as the applicant and must be able to show sufficient income or savings to cover the rental payments in the event that the tenant defaults for whatever reason.

Tenancy Agreement

Once all satisfactory references have been obtained and a moving date agreed an Assured Shorthold Tenancy Agreement will be drawn up ready for signing by the tenant (and if required the Guarantor). Under no circumstances will the tenancy commence until the Agreement has been signed by all parties.

Costs. Charges & Fees

Security Deposit

The Security Deposit will be protected under the Housing Act 1996 & 2004 (Tenants Deposits Protection Order) in accordance with their Terms and Conditions. Farrons Sale & Lettings is registered with the Deposit Protection Scheme

At the end of the tenancy, if a dispute arises between the landlord and tenant with regard to the apportionment of any deductions from the deposit, e.g. for costs or compensation for damage, or for breaches of, or failure to comply with the tenant's obligations and mutual agreement cannot be reached the amount in dispute will not be paid over or returned to either party and the matter shall be referred for arbitration.

Where the rent for a property is �550.00 per calendar month or less, the deposit will be the equivalent of one month's rent i.e. rent is �550.00pcm- Security Deposit will be �550.00 Tenant Application Fee & Additional Guarantor Fee

An Application Fee is payable of �200.00. This fee incorporates an administration charge, the referencing charge and a contribution towards the preparation of the Tenancy Agreement. A joint application is �250.00. Each additional application will attract a fee of �100.00. All application fees must be paid before the tenancy commences.

There is no charge for the first Guarantor but if a further Guarantor(s) is required there will be an administration charge of �50.00 plus VAT for every subsequent Guarantor application.

Payment of First Month's Rent & Security Deposit

The first month's rent, Security Deposit and balance of any fees outstanding must be paid on or before the commencement of the tenancy. Payment must be by cleared funds i.e. Bankers Draft, Building Society Cheque, Cash, Bank Transfer, credit or debit card. Personal or company cheques will only be accepted if paid at least ten working days before the agreed tenancy commencement date. (Note there is a charge for card transactions: debit card is 1%, credit card is 2%)

Renewal of Tenancy

A charge of �50.00 plus VAT will be made for the renewal of any tenancy agreement.

Pets

There is a non returnable pet fee of �150 payable to the landlord.