Jimmer Posted September 3, 2011 Share Posted September 3, 2011 first of all 'a payment to indicate your commitment' is required (unspecified amount) non-refundable 'should your application be unsuccessful or withdrawn in certain circumstances' £150 for preparation of tenancy agreement. £125 for subsequent extensions. £300 for preparing documents to sign should any tenants change during the tenancy. £50 per tenant administration fee £75 per tenant referencing fee Check-in fee - minimum £60 + VAT (£70.50) If there are any guarantors: Guarantor reference fee £75 per guarantor Agreement of guarantee: £75 If let agreed, there are 'Express Move-in fees': Within 3 days £100, within 5 days £50 If you want to keep a pet, there is a fee of £75 for them to negotiate this with the landlord and add a specific clause to the tenancy agreement. And if you want a reference from them afterwards, that's £23. Linky: pdf file - got to page 6 Any comments? or do words fail you?! Quote Link to comment Share on other sites More sharing options...
Hold Fast Posted September 3, 2011 Share Posted September 3, 2011 Ah the old favourite "admin fee" and its many variations. We had to pay one for our current place which although I wasn't happy about we liked the place enough to swallow it. The previous place we viewed also tried the "lease preparation fee". I suggested they just copy the old one and change the names and dates but the agent insisted they had a solicitor draw up each and every one. If you say so! What I object to most is being credit checked. I'm not having credit so why are you checking me? You eventually get tired of asking though as they they are just used to charging you. I guess taking a percentage of the rent just isn't enough for them. I've noticed the admin fee has spread to car and motorbike dealers now. Its a crappy trick dreamt up by marketing dweebs - more people need to say no on principle and then it might die out. What's next, chipping in for their electric bill? Ten quid towards the xmas party? Quote Link to comment Share on other sites More sharing options...
chicker Posted September 4, 2011 Share Posted September 4, 2011 Ah the old favourite "admin fee" and its many variations. We had to pay one for our current place which although I wasn't happy about we liked the place enough to swallow it. The previous place we viewed also tried the "lease preparation fee". I suggested they just copy the old one and change the names and dates but the agent insisted they had a solicitor draw up each and every one. If you say so! What I object to most is being credit checked. I'm not having credit so why are you checking me? You eventually get tired of asking though as they they are just used to charging you. I guess taking a percentage of the rent just isn't enough for them. I've noticed the admin fee has spread to car and motorbike dealers now. Its a crappy trick dreamt up by marketing dweebs - more people need to say no on principle and then it might die out. What's next, chipping in for their electric bill? Ten quid towards the xmas party? Being self employed i knew my earnings wouldn't be sufficient and my references wouldn't add up. So I offered the agent 6 months upfront and showered him a savings statement with nearly 100k on it. He wouldn't accept that and wanted a guarantor. I guessed the letting agent earnt from every credit reference done. If i was the LL I would be livid, who turns down 10k in cash ! Quote Link to comment Share on other sites More sharing options...
tim123 Posted September 4, 2011 Share Posted September 4, 2011 Ah the old favourite "admin fee" and its many variations. We had to pay one for our current place which although I wasn't happy about we liked the place enough to swallow it. The previous place we viewed also tried the "lease preparation fee". I suggested they just copy the old one and change the names and dates but the agent insisted they had a solicitor draw up each and every one. If you say so! What I object to most is being credit checked. I'm not having credit so why are you checking me? Yes you are. The LL is loaning you the use of his house for 12 months and you are paying for it by installments. tim Quote Link to comment Share on other sites More sharing options...
inflating Posted September 4, 2011 Share Posted September 4, 2011 They are by no means the only ones doing this, in fact some make these fees look discounted. Write to Shapps and the OFT - let's get tenant fees consigned to history Quote Link to comment Share on other sites More sharing options...
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