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FEES

Tariff of typical fees and charges before, during and after a tenancy with RedDoor Homes Ltd

Please be advised of the following typical charges and fees for our services which you may incur.

This is not an exhaustive list of fees that may be applicable as it would be impossible for us to cover every scenario but should give you an idea of the reasonable costs we need to charge for works performed on your instruction and to your benefit. At any time, please ask a member of staff for further information.

Tenant referencing and administration fee for a maximum of two tenants £345

Referencing up to two tenants; 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 arranging the tenancy agreement.Additional Tenant reference and administration fee £145 per applicant.Processing the application, associated paperwork and referencing. Guarantor referencing, covering credit referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement

Company Reference £540

Pet Premium (if written permission is granted from landlord or agent) £100 per pet

Damage caused by pets will incur additional fees and may be deducted from the tenants’ deposit.

Check-in fee (there may be instances where applicants pay for checkouts instead) from £95 – 200 dependant on the size of the property.
Checkout out fee £120. Attending the property to undertake an updated Schedule of condition based on the original inventory and negotiating the
repayment of the security deposit.

Tenancy Renewals. Before a tenancy begins you will sign a Tenancy Agreement setting out the Landlords and Tenants obligations. Any extension of the Tenancy Agreement will be £120.

Security Deposit. A security deposit is required equating to at least 1 and a half months rent. This deposit is held by us or passed to your Landlord.

Tenancy deposit protection. Your security deposit must be protected by your agent or the landlord via a government approved tenancy deposit scheme. This is to ensure that if a dispute arise these will be resolved by an independent third party. Within 30 days of paying your deposit your Landlord or agent is require to give you details of the scheme.

Change of Occupants. If you change occupants (consent must be obtained from the Landlord) there will be a referencing and administration charges.

Deposit Replacement Insurance from £137.80 to £819.17, dependant on rental amount.

Fee to amend the Tenancy Agreement (e.g. add additional Tenant) £60 per amendment

Printed copy of documents (e.g. Tenancy Agreement) £12 per copy

Property Inspections outside of those paid for by landlord (e.g. if you are failing to meet your tenant obligations) £60 per inspection

Late rent letter fee £30 per letter.

All rent is payable in advance by standing order. All payment should be made 72 hours prior to your rent due date to allow for clearance.

Door step visit fee for collection of outstanding debt £100 per visit

Bounced Cheque or Returned/Cancelled Standing Order £35 per payment

Late penalty for paying rent late, chargeable if the rent is not received on the rent due date, on the 4th day and then every 7 days thereafter on
the rent or any part of it which remains late £30 per late fee

Interest on late payments 8% above per annum

Administration fee for any letter sent due to breach of tenancy other than rent arrears £35

Key cutting administration (plus cost of key) £20

Legal notice to terminate tenancy should you breach your obligations £80

Legal proceedings to reclaim possession of the property should you fail to leave on expiry of notice as above. In the region of £1000

All prices are inclusive of VAT

Management Service and Fees

[VAT at the current rate of 20% will need to be added to these fees]

Full Management Fee:

12 % per month of rent duePlus, Tenancy Set-up Fee £350includes 12 months’ rent recovery plus and legal expenses and inventory.

10%, paying 6% of the annual rent in advance and 4% per monthPlus, Tenancy Set-up Fee £350Includes 12 months’ rent recovery plus and legal expenses and inventory

Tenant Find Service Fee:

1 Months’ RentIncludes Inventory Report.

Rent Recovery Plus (Rent protection and legal cover)£200 plus vat

Additional Fees (If applicable)

Deposit Registration: £30

Duplication & testing of extra keys: £25 plus costs

Tenancy Renewal: £50

Rent Guarantee and Legal Expenses (Included within Managed & optional on Tenant Find) £200

Check Out: £50

Obtaining estimates and supervision of major works: 10% of cost of work over £500

Other items and expenses to be agreed between the agent and landlord if not covered in the contract

Presenter Led Tours – £499

Virtual Tours – £199

All prices are inclusive of VAT.