Tenant & Landlord fees
Coultons are a member of The Property Ombudsman redress scheme
Fees To Tenants
£500.00 Holding Deposit
A deposit paid by a Tenant in order to secure a property whilst the administration takes place – If the let proceeds, this fee is added onto your first months rent
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6 Week / 1 Month Dilapidations Deposit
A deposit is paid by a Tenant at the commencement of a tenancy and is held with the DPS or the Landlord’s chosen scheme – At the end of the tenancy, it is dealt with in accordance with the terms of the Tenancy Agreement
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Reference Fee – £75.00 Per Tenant
This fee is charged per Tenant and covers the cost of the referencing
Referencing (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability)
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Tenant Administration Fee – £250.00 per property
Processing the application, associated paperwork as well as contract negotiation (amending and agreeing terms) and arranging the tenancy and signing of the tenancy agreement.
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Guarantor Reference And Contract – £150.00
Covering credit referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement
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Company Reference – £150.00
This fee is charged to the company to cover the cost of referencing (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability)
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Inventory & Check In/Check Out Fee – £168.00 – £228.00 depending on the size of the property
If instructed by the Landlord, an independent Inventory scheduling the condition of the property will be prepared, the cost of this document is split with the landlord
One, Two and Three bedroom properties are charged at £168 inc VAT
Four, Five and Six bedroom properties are charged at £228 inc VAT
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Renewal Fee – £250.00
Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
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Other Charges
Additional Copies Of Your Tenancy Agreement – £25.00
Change Of Contract/Change Of Sharer – £75.00
*References and Admin Fees apply to over 18’s only
Landlord Fees
Fully Managed – 12% of total annual rent inclusive of VAT
Provide free valuation and suggest improvement to maximise income
Arrange an EPC, GSI and PAT test should one be needed
Arrange for an Inventory should one be needed (highly recommended)
Arrange for photos and place the property onto our website and all the website portals including Zoopla and Rightmove
100% Accompanied viewings
Full tenant referencing including detailed credit, employment and landlord reference checks
Collect at least one month’s deposit and lodge it with the DPS unless otherwise before the start of the tenancy
Arrange the preparation of the tenancy agreement
Collect Rent on a monthly basis via BACS
Chase late rents giving weekly updates to the landlord
Provide rental statements every three months
6 month rental visits with updates via email including photos
Represent landlords should there be a dispute with the deposit
Serve the relevant notice to regain your property, deal with legal representatives and attend court if need be
Deal with any maintenance issues the tenant may have
Deal with any Emergency maintenance works
Free Rent Guarantee
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Rent Collection – 8.4%of total annual rent inclusive of VAT
Provide free valuation and suggest improvement to maximise income
Arrange an EPC, GSI and PAT test should one be needed
Arrange for an Inventory should one be needed (highly recommended)
Arrange for photos and place the property onto our website and all the website portals including Zoopla and Rightmove
100% Accompanied viewings
Full tenant referencing including detailed credit, employment and landlord reference checks
Collect at least one month’s deposit and lodge it with the DPS unless otherwise before the start of the tenancy
Arrange the preparation of the tenancy agreement
Collect Rent on a monthly basis via BACS
Chase late rents giving weekly updates to the landlord
Provide rental statements every three months
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Let Only – 6% of total annual rent inclusive of VAT
Provide free valuation and suggest improvement to maximise income
Arrange an EPC, GSI and PAT test should one be needed
Arrange for an Inventory should one be needed (highly recommended)
Arrange for photos and place the property onto our website and all the website portals including Zoopla and Rightmove
100% Accompanied viewings
Full tenant referencing including detailed credit, employment and landlord reference checks
Collect at least one month’s deposit and lodge it with the DPS unless otherwise before the start of the tenancy
Arrange the preparation of the tenancy agreement
Provide tenants and landlords with contact and bank details
Coultons are not part of any Client Money Protection Scheme as we do not hold onto client funds.
