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When you have decided to apply for a property to rent, Reeds Rains will provide you with a Tenancy Fee Declaration form. This form helps explain the next stages of your application and the fees due before you sign your Tenancy Agreement. It also explains any fees which may become payable during the tenancy, and confirms the agreed rent and the security deposit. For your information, in the majority of cases Reeds Rains will protect your security deposit with MyDeposits, a tenancy deposit protection scheme. This is subject to your landlord’s terms and conditions.
At any time you are interested in a property, just ask the branch staff about any fees which may be payable.
All fees are non-refundable, however, if the application passes the credit check and the landlord declines to proceed, a full refund will be made.
We are required by law to carry out a Right to Rent check on all occupiers over the age of 18, irrespective of whether they are a tenant or a permitted occupier. This is entirely separate from tenant referencing and there is no charge for this. Your local branch will advise you as part of the application process.
The tenancy set up fee includes the cost of referencing — which will cover checking your credit status, previous employer, current or past landlords, and taking into account any other information to help us assess the affordability and suitability of your tenancy application. The fee also includes a contribution towards the cost of preparing a Tenancy Agreement.
After a viewing and when you have decided to apply for the property. We will provide you with a Tenancy Fee Declaration form which lists the services we provide and the fees that are payable. You will then be asked for your tenancy set up payment, which will be offset against the total amount payable on the day you sign the Tenancy Agreement and move into your new home. Should you need a guarantor there will be an additional fee payable for referencing which needs to be paid at the same time as the tenancy set-up fee.
Any additional fees that may be applicable to you will be collected on the day that you sign your Tenancy Agreement along with your rental and security deposit payment. Tenants are required to pay outstanding rent/deposit monies and sign their tenancy paperwork between Monday and Friday. Tenants wishing to do this on a Saturday will be required to pay an additional fee.