Tenants Fees & Deposits
A holding & Referencing charge of £100.00 is payable upon application for a tenancy. This stops the property from being viewed by others but will still be advertised and marked as “Let Agreed”. The holding & Referencing charge is refunded to the successful applicant upon the granting of a tenancy.
Failure to pass your referencing or withdrawing from the application will result in the holding charge being retained by the agent to cover the cost of referencing.
The Deposit is normally equal to the first month’s rent. This may vary by negotiation.
First Month’s rent is to be paid in advance.
Our landlords fees are charged in a percentage format so that we only get paid an ongoing management charge when you are receiving rent.
No hidden charges, hidden commissions or double charging. For example on: Repairs, Safety Certificates, Inspections, Tenancy Renewals, Energy Performance Certificates etc. Our landlords fees are linked only to the letting and management of the property and tenancy. Paying for repairs, reports and other services are not included in our service. Our full terms of business are available on request.
£300.00 (including VAT) – Tenancy Set up
12% (including VAT) of all incoming rent
6% (including VAT) of total costs of any single repair or project costing over £2,500 as a project management charge
We are VAT registered and all fees charged are inclusive of VAT
Client Money Handling Procedures
Click to see RDR Estates’
Client Money Scheme certificate