fbpx

What does it cost to rent with Austin D'arcy

Funds required in advance if you take a property with us:

  • 1 week’s holding deposit to secure the property
  • 1 month’s rent in advance
  • 5 weeks security deposit (on rentals up to £50,000 pa)  or 6 weeks for rental over £50,000 pa

This will be paid into Deposit Protection Scheme (DPS) and refunded to you directly by them after you vacate the property.

  • The charged for a ‘change to the tenancy’ will be £50 (inc VAT) unless the landlord demonstrates that greater costs were incurred.

A ‘change to a tenancy’ is any reasonable request to alter a tenancy agreement. This could be making changes to the tenancy agreement to enable: • pets to be kept in the property • a change of sharer in a joint tenancy • permission to sub-let • a business to be run from the property • or any other amendment which alters the obligations of the agreement.

There are NO FEES charged to tenants for any of the following services when taking a tenancy under an ASSURED SHORTHOLD TENANCY

  • Referencing or credit checks
  • Tenancy agreements or renewal contract agreements
  • Guarantor agreements
  • Administration
  • Inventory services, check-ins or check-outs
  • Exit fees*

*Negotiated charges

Landlords are at liberty to ask for additional rent if you have a pet living at the property.  This will be clearly detailed to you in advance and your express permission will be required.

You may be asked to agree to payment of the following services, however, your express permission will be required at the outset of the tenancy as a negotiated clause.

  • De-infestation treatment
  • Additional cleaning for properties where pets have lived

 

Damage & Cleaning

Contracts can reasonably state that a tenant must return the property in the same condition that they found it, eg. professionally cleaned.

The tenant can be given the choice of restoring the property to the same standard themselves, or they can be offered the option to pay for professional services via the landlord or the letting agent.  It is the tenant’s choice.

Where the property has been damaged, landlords will be able to make a reasonable claim for costs incurred via deductions from the deposit, or if necessary, via court action.

To secure a property

We require 1 week’s rent to reserve the property for you and this will form part of the security deposit when you move in.

Before paying this holding deposit, you must be sure you want the property as it will not be refunded if you decide not to go ahead with the tenancy for whatever reason.  If any of the tenants do not pass reference check and cannot provide suitable guarantors you will not be accepted for the tenancy and the admin fee will not be refunded.

Payments accepted: Bank transfer or internet banking

To pay by bank transfer

  • Account Name: Austin D’arcy
  • Account number:72587777
  • Sort code:40-02-26
  • Reference: 1st Line of the Property Address

Please confirm if you have made the payment directly into our account by emailing accounts@austindarcy.co.uk.

Once we receive the payment we will start referencing process.  Please note that we are unable to hold the property for you until we receive the payment.

timescales for the tenant fee ban 2019

Non-Housing Act Tenancies

Tenancies which are not covered by the Housing Act 1988 (as amended 1996, 2004) are NOT party to the Tenant Fee Ban and charges will apply as follows:

  • TENANCY AGREEMENT FEE (PER PROPERTY) £300.00 (ex VAT £250.00)
  • REFERENCING FEE (PER TENANT) £75.00 (ex VAT £62.50)
  • GUARANTOR REFERENCING FEE (PER GUARANTOR) £75.00 (ex VAT £62.50)
  • COMPANY REFERENCE FEE £75.00 (ex VAT £62.50)
  • CHANGE OF NAMED TENANT/SHARER FEE £300.00 (ex VAT £250.00)
  • INVENTORY CHECK IN INC VAT EX VAT STUDIO/1 BEDROOM £135.00 (ex VAT £112.50)
  • 2 BEDROOMS £155.00 (ex VAT £129.17)
  • 3 BEDROOMS £175.00 (ex VAT £145.83)
  • 4 BEDROOMS £195.00 (ex VAT £162.50)
  • 5 BEDROOMS £215.00 (ex VAT £179.17)
  • 6+ BEDROOMS £215.00 (ex VAT £179.17)

WHAT IS A NON-HOUSING ACT TENANCY?

These are tenancies which are not covered by the Housing Act and are, therefore, not subject to the Trenant Fee Ban:

  • Company tenancies
  • Tenancies with a resident landlord
  • Pied-a-terre – tenancies which are not the tenant’s main home
  • High rent tenancies over £100k per annum
  • Premium leases
  • Holiday lets / Air BNB style lets

Contract & referencing process

To begin the process

We now require a scan of your passports or IDs and visas if applicable.

Please complete the Tenancy Application Form below as quickly as possible.  Make sure that you complete the form as fully as you can, if you are unsure of any area, contact us on:

0208 749 6060

All this information needs to be filled in by you AND it is essential to complete the POST TENANCY ADDRESS as this will be used to return your deposit.  You can use your work address (but remember to let the DPS know if you change jobs mid tenancy) or you can use a friend or family member’s address.  If we cannot get hold of you at the end of the tenancy, the Deposit Protection Service may be unable to return your deposit to you.

As soon as all forms and documents are received you will be added to the Let Alliance Referencing System.  They will send you an online application form which you must fill in with all your information and submit it ASAP.

If we have not received your documents within 3 working days or heard from you for a valid extension, the property will need to be placed back onto the market and you may lose out.

Complete the form

Tenancy Application

1 Property of interest
2 Offer details
3 Personal details
4 Current address
5 Guarantor
6 Payment info & documents
  • Property of interest