If you agree to rent a property via The Frost Partnership, charges will apply to each tenant/guarantor.
This represents a sample of the fees tenants will be required to pay once the terms of the tenancy have been agreed. When you agree to place an offer on a property through The Frost Partnership an advance payment of £200, plus a reference fee of £70 (+VAT) for each tenant is required in order to hold the property. This amount will be deducted from the following fees due prior to moving in.
Once you have found the ideal property to rent your agent will be able to provide you with further details about the costs specific to that property. A typical sample of costs include:
|Tenancy agreement/Admin fee||£240 per tenancy (£200 + VAT)|
|Referencing fee||£84 per tenant (£70 + VAT)|
|Guarantor reference fee (if applicable)||£84 per tenant (£70 + VAT)|
|Additional variable costs|
|Check-in fee||Varies on the size of the property|
|Rent||1 x the agreed calendar month’s rent in advance|
|Security deposit||1.5 x the agreed calendar month’s rent as a deposit|
NB. Increased security deposits may be required in certain situations. Please call your local office for more information.
Tenancy agreement fee covers our administrative costs for preparing tenancy agreements and administrative costs to handle your deposit with the Tenancy Deposit Scheme.
Referencing fee is required for all the reference checks we need to make to verify your credit status, previous employer, current or past landlords - to ensure you are able to honour the agreement.
The check-in fee covers the cost of the check in report which details the exact condition of the property on the day the tenancy commences and is sent to both landlord and tenant as a record of this. The check in is designed to protect both tenant and landlord should any disputes arise at the end of the tenancy relating to the condition of the property.
Deposits are held during the term of the tenancy agreement and released when the property is returned back to the owner, only when the property is proven to be in good condition. If you own pets you may have to pay a slightly higher security deposit fee.