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Tenants Guide
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Referencing criteria:

  • Full-time permanent employment
  • No CCJs or adverse credit history
  • Meet affordability criteria
  • All potential applicants over the age of 18 must be referenced.

Once you have chosen a property to rent, you must pay an admin/referencing fee

  • Provide Photo ID
  • Provide proof of current address
  • Provide proof you have the legal right to reside in the UK

Our referencing company Rent4Sure will email you asking to complete the application on-line.


Explanation of our tenancy application fees

We would like to provide clarity of the fees that will become payable when you apply to rent a property we are marketing. We believe you should understand these before you make any decision about a property.

We set out below how our fees are calculated. These will usually cover Referencing and Tenancy Agreement administration. These will be paid in addition to any Rent and Deposit that is due under a Tenancy Agreement.

 

BEFORE YOU MOVE IN:

Set up fee - £240.00 (incl VAT) for first applicant

Referencing (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability) as well as contract negotiation (amending and agreeing terms) and arrange tenancy and agreement. Please note that this fee is not refundable.


Additional Tenant Fee - £120.00 (incl VAT) per any additional applicant

Processing the application, associated paperwork and referencing. Please note that this fee is not refundable.


Guarantor Fee - £110.00 (incl VAT)

Covering credit referencing and preparing a Deed of Guarantor as part of the Tenancy Agreement. Please note that this fee is not refundable.


Company Let Fee - £270.00 (incl VAT)

Please note that this fee is not refundable.


Pet Deposit

To cover the added risk of property damage. This will be protected with your security deposit in a Government-authorised scheme and may be returned at the end of the tenancy

 

DURING YOUR TENANCY:

Renewal fee (tenant’s share) - £60.00 (incl VAT)

Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.


Early Re-Let Fee - £270.00 (incl VAT)

Releases you from the tenancy. Pays for the advertising of the property.

Tenant will be responsible for all bills and rent up until the day a new tenant moves into the property.


Late rent payments

Interest at 3% above Bank Base Rate from due date

 

END OF TENANCY:

Professional cleaning (if required)

As per quotation supplied at the end of the tenancy

 

Merrys Estate Agents do NOT have Client Money Protection insurance (CMP)

 

We are members of The Property Ombudsman redress scheme.

The Property Ombudsman for Lettings