One of the main reasons people chose a reputable letting agent to help find their next home is to ensure the property is of a certain standard and complies with the current legislation.
As with all reputable letting agents, Letting's Direct does have to make an agency fee to cover all of our costs - however withe Letting's Direct, we do not have any hidden charges as often the case with some agencies:
We aim to be one of the most competitive agencies and charge £200 (+VAT) for the first applicant and £150 (+ VAT) for all subsequent applicants - should the Landlord require a Guarantor, then there is an additional charge of £50 (+VAT). Company lets are charged at £500 (+ VAT) per tenancy
For student properties of 4 bedrooms or more we charge an administration fee of £125 (+ VAT) per student - should the Landlord require a Guarantor, then there is an additional charge of £50 (+VAT)
The Agency fee is payable when you reserve a property and this then allows us to process the application and obtain references etc. Renewal fees are paid when the tenancy is renewed and the Check-out fee is deducted from the deposit on termination of the tenancy.
Unfortunately, if a tenant changes their mind about renting a property once they have made an application, we can not usually refund the agency fees paid. However if in a Landlord changes his mind, then all fees paid in full are refunded.
A deposit would also be required to be paid and our standard deposit is the value of the monthly rent plus an additional £200. Deposits are subject to referencing and where an applicant is not in either full time employment or able to provide a UK based guarantor, than a larger deposit maybe payable.