Stonehouse Homes – Tenancy Fees.
Stonehouse Homes Lettings pride themselves in renting nice properties to nice tenants. Having many years’ experience we will ensure you are matched to the right property that is affordable for you and meet your requirements. We have many properties to rent regardless of your circumstances whether you are employed, retired or receiving benefits. Some of our properties will also accept pets.
Our application process isn’t anything to worry about and involves being referenced by a third party company that leaves only a soft footprint on your credit file. We will check on your employment details, past landlord references, any bad debt and rent arrears.
We do not take applications from anyone with rent arrears. If your application fails or is withdrawn, the cost is non-refundable. In the event that the landlord for any reason is unable to proceed your fees will be refunded in full. We urge applicants to be honest and upfront. To comply with the Right to Rent legislation we will need to see photographic I.D such as a passport or driving licence. We will also require proof of address such as a utility or council tax bill from the last 3 months. This ID must be given in person.
So what happens next when you’ve seen a property you may want to rent?
Check if you can afford it and if you meet the criteria ie have pets.
A quick affordability check is simple, the monthly rent x 30 must total your annual income. An example is below:
- Monthly rent £500 x 30 = £15,000
- Total Gross income including benefits must be £15,000 or higher.
If this is the case make an application and pay the fees (see table below)
Once you have passed our application referencing you will be asked to pay the holding deposit. This is the equivalent to the deposit (normally 1 months rent) This is detailed on each property. Once you move in this will convert into your deposit which will be lodged in an approved scheme. Your move in date must be within 1 month of passing the checks.
The day of signing tenancy you will pay your first months rent in advance and any pet premium (this is a fee if you have a pet and is non refundable).
3 Months later…
We will inspect your property, you will need to make yourself available for these checks as this is part of your tenancy agreement.
Renewing/extending your tenancy
Depending on your circumstances you will be offered the opportunity to renew/extend your tenancy and a fee will be charged.
Stonehouse Homes Letting Fees – All prices are inclusive of VAT
|Type of Cost||Cost||What is this?||How often is this payable?|
|Application Fee||£180 single person - £240 two people - £50 subsequent applicants||On applying for a tenancy this is the tenants share of the tenancy agreement and references and credit checks. It includes check in and check out. (A fee will apply for weekend check in or check outs)||One off fee non refundable|
|Guarantor fee||£60 per guarantor||Reference & Credit checks||One off fee non refundable|
|Saturday check in/out||£50||Check ins and check outs on a Saturday||One off fee per check in or check out non refundable|
|Pet Premium fee||£100||To have the property professionally cleaned on leaving||One off non refundable|
|Holding Deposit||Varies on each property||Holds the property until occupation||Converts to deposit on occupation|
|Deposit||Varies on each property||Held in the Government approved DPS or MyDeposits, this deposit is to ensure the property is returned to the owner in good condition.|
|Arrears fee||£36||Activation and cost of process to chase unpaid rent after 7 days||Payable each late payment non refundable|
|Overpaid rent fee||£36||Fee to conduct a refund||Payable each overpayment non refundable|
|Amendment to tenancy agreement||£120||To amend/add a person to the tenancy||Payable each alteration non refundable|
|Missed appointment fee||£36||Where a tenant cancels or does not attend an inspection, pre arranged appointment or workman||Payable each missed appointment non refundable|
|6 Month tenancy renewal||£75 per tenancy||To have a renewal/extension tenancy||Payable each 6 month tenancy|
|12 Month tenancy renewal||£110||To have a renewal/extension tenancy||Payable each 12 month tenancy|
|Duplicate Tenancy Agreement||£60||Duplicate tenancy agreement £60 including VAT. Duplicate copy if required. (payable) every copy required.|