Fees and Terms
The reservation fee covers our costs in the referencing, inventory, check in, preparation of tenancy and administration of your application and is non-refundable should you decide to withdraw your application or if you fail to meet the referencing criteria for any reason.
|Details||Fees & Charges|
|Single Applicant||£155 inc VAT|
|Additional Applicant||£75 inc VAT|
|Guarantor (if required)||£75 inc VAT|
|Company Let||£250 inc VAT|
Applicants that do not meet the affordability criteria and credit score may be required to provide a suitable Guarantor or may be declined outright.
It is your obligation to obtain written consent from the landlord for any changes in the identity of the tenants. Upon receipt of consent Andrew Louis will draw up a tenancy agreement for signature by all parties. An administration fee of £80.00 + VAT (£100) will be charged for this service.
An administration fee of £25 inc VAT will be charged for each letter sent by Andrew Louis regarding late or non-payment of rent or administration charges.
A reference may be requested by a tenant at any time. The administration fee for this service is £15 + VAT (£20) and is payable upon request.
Renewal of Tenancy
Please contact us in advance if you wish to extend your tenancy. If the tenancy is renewed without any changes to the occupant(s) or guarantor (if applicable), we will make a charge of £60 inc VAT to cover our administration.
You will be asked to complete a reference application form online within 48 hours of payment of your reservation fee. We utilise the services of Let Alliance to take up your references. These references may be passed to our client so that they can make a decision on granting a tenancy. Before the tenancy can proceed you will need to provide us with a photo ID in the form of a passport or EU driving licence.
Payment of Rent
The first installment of rent must be paid in cleared funds when you sign the tenancy agreement. Thereafter, the rent is payable by standing order to arrive on the due date as stated in the tenancy agreement. This means that the standing order must be set up so that the funds leave your account three days before the rent is due. The full rent must be paid by a single standing order, we are unable to accept multiple standing orders.
A deposit must be paid in cleared funds when you sign the tenancy agreement and is held by Andrew Louis as stakeholder in accordance with the Tenancy Deposit Protection Scheme, which means that it can be released on approval from both landlord and tenant.
Any interest earned on the deposit shall be retained by Andrew Louis.
Management of the Property
Where Andrew Louis is not responsible for the management of the tenancy, Andrew Louis do not hold the deposit and you will be given the Landlord’s contact details in case you need to report any maintenance problems.
The tenant must take out insurance which provides cover for accidental damage to the Landlords possession, fixtures and fittings including carpets and white goods where applicable. You must provide proof of this cover prior to move in.
It is also advisable for the tenant to ensure that adequate insurance for their own contents isobtained prior to commencement of the tenancy and is maintained throughout the entire period.
You will be responsible for the gas, electricity, water, telephone, TV licence and council tax bills for the duration of the tenancy. Either your Landlord or Andrew Louis will contact the utility companies (apart from phone lines) on your behalf and will instruct them to transfer the accounts into your name at the start of the tenancy. However, you should also contact the suppliers to make sure this has been done. Please do not arrange for any of the utilities to be transferred to a different supplier without letting us know.
The inventory is an agreed statement of everything in the property and its condition. Each tenant needs to check that the inventory is accurate, sign one copy and return it to us.
Andrew Louis reserve the right to change the schedule of fee and these terms of business upon providing reasonable notice in writing.