BELVOIR LUTON – TENANT FEES
Tenancy Agreement/Administration Fee - £210 Inc. VAT
This charge covers the cost of preliminary paperwork, including
preparation of the tenancy agreement. It is payable in full prior to
negotiations commencing with our client and is charged on a per property
basis – not per person. In the event that negotiations are unsuccessful
and your offer is not accepted by our client it will be refunded in full.
Referencing Charge - £90 Inc. VAT per person or £360 inc VAT per company
This charge is payable by each person or company named as tenant on the
final tenancy agreement to cover the cost of referencing. Referencing
is carried out by an independent referencing agency including
establishing the right to rent in the UK. The charge will not be refunded
if negotiations are unsuccessful and references have been undertaken.
Other funds you should allow for
Payment of Intent/Holding Fee – To be agreed with you
We may require a payment of intent as confirmation of your intent to
proceed with the proposed tenancy. This will be put towards your first
rental payment and will only be refunded if our client elects not to proceed.
Payment of this sum does not constitute the granting of a tenancy.
Rent in Advance – 1 Month
Under the terms of most tenancy agreements you will usually be required
to pay 1 months rent in advance prior to commencement of the tenancy.
Deposit – Equivalent to 6 weeks rent
The deposit is held to protect your landlord from you not meeting your
obligations under the terms of the tenancy. Whilst you should check the
tenancy agreement for details specific to your tenancy, it will likely be held
by us as stakeholder and protected under The Deposit Protection Scheme (The DPS)
This means that no deductions can be made until you and the landlord have
reached an agreement or there is a judgement by the courts or a the DPS scheme.
Charges if you renew your tenancy
Renewal of Tenancy Agreement - £78 Inc. VAT
This charge covers the cost of preparing a document that
confirms the details of renewal (if any) where the basic terms remain largely unchanged.
Other Potential Charges
Late Payment Fee - £30 Inc. VAT
This charge is payable on each occasion that an individual
rental instalment is overdue by five working days
Charges at End of Tenancy
Check Out Fee – £78 inc VAT
This charge is to cover the cost of meeting our Inventory Clerk to prepare the Check Out Report, agreeing the condition at the end of the Tenancy.
Belvoir Luton are a member of NALS (National Approved Lettings Scheme) which means we have Client Money Protection, Professional Indemnity Insurance and a designated client bank account.
We are also members of The Property Ombudsman and Safe Agent.