Deposits, Fees and Initial rental payment

Prior to a tenancy commencing and once satisfactory references are received, Tafaders will provide you with a statement showing the initial monies due. This will include the first rental payment, normally one month or quarter in advance depending upon the terms agreed. The tenancy agreement fee and the deposit, usually the equivalent of six weeks' rent, are collected at the same time as per the following;

First Month's Rent - The first month's rent is calculated on a calendar month basis, by multiplying the weekly rent by 52 and dividing by 12. However please note that in cases where we are unable to reference the tenant a different mutually agreed payment between the tenant and landlord may be agreed and required.

Security Deposit - the sum equivalent to six weeks rent. This is held against any breakages, missing items or damages over and above normal wear and tear throughout the tenancy. The security deposit is returned at the end of the tenancy, less any appropriate deductions. Security deposits taken by Tafaders on an Assured Shorthold Tenancy are held according to the terms of The Deposit Protection Service.

Fees - A one off fee of £225 + VAT is payable for the administration in processing a tenancy and a referencing fee of £65 + VAT per person.

A renewal charge of £70 + VAT will be payable each time the tenancy is extended.

A change of occupancy will inccur a charge of £100 + VAT.