Simple Estate Agents - Tenant FeesBefore you Move In:
Once you have selected a property a £400 reservation payment will be taken from you to confirm you are interested and would like to proceed with the property. If the landlord declines the offer put forward then this payment is fully refunded. If the offer is accepted then this payment becomes non refundable (this payment is non refundable if your credit checks fail due to non disclosure of bad credit, adverse landlord reference, your income can not be verified up to the ratio of 2.5 times the rental amount or you can’t make the short fall). If this is the case the reservation will be kept as at a charge of £400 (inclusive of VAT) to recover costs. If the landlord decides not to proceed with the tenancy then the reservation payment is fully refunded with in the next 3 working days.
Tenant Reference and Administration Fee £175 (inclusive of VAT)
This includes referencing (identity, immigration and visa confirmation, finical credit checks from current or previous employers/landlords and other relevant information to confirm affordability) as well as contract negotiations (amending and agreeing terms). This also includes creating the tenancy agreement.
Tenant Check in and check out contribution £135 (no VAT)
We take £135 which will contribute towards paying the inventory clerk to create and conduct both check in and check out reports. This is held in separate client account fund and paid accordingly to the clerk.During the Tenancy:
Amendment to the tenancy agreement £60 (inclusive of VAT)
If another name is to be added to the tenancy agreement then a tenant reference and administration fee will also be applied £175 (inclusive of VAT) if the landlord consents. The tenant will also pay the cost of the deposit protection fee which is £42 (inclusive of VAT)
Renewal Fee £90 (inclusive of VAT)
Contract negotiations, amending and updating terms, producing new contracts.
Late Payment fee £90 (inclusive VAT) due after 4 days.
Due after 4 days.
Duplicate paperwork £36 (inclusive VAT)
e.g. tenancy agreement, payment receipts.End of Tenancy:
Future landlord reference fee £36 (inclusive of VAT)
Check out fee is already contributed at beginning of tenancy
Professional cleaning (if required) from £144 (inclusive of VAT) depending on size of property and condition
Unpaid rent / returned payments
Interest at 3% above the bank of England base rate from date due
Leaving the property early
If you decide to leave the property earlier then the end of the tenancy agreement then you will be liable to pay on pro rata basis any fees paid from the landlord to Simple Estate Agents in advance.
Click here to download a copy of our Tenant Fees.
If you have any questions regarding fees please contact a member of staff in the office.
The Property Ombudsman
Client Money Protection:
Simple Estate Agents has no client money protection but do have a separate client account for clients monies.
Simple Estate Agents is a trading name of Simple Residential Ltd (6339918), registered address 56 Coldharbour Lane Hayes Middlesex UB3 3ES, VAT number 927970384