18 Properties

If you're looking to let with us, here's some important information which you'll need to know from the beginning:

• the cost of the rent doesn't include any fees
• an application fee of £50 +VAT must be paid by each tenant
• an application fee of £50 +VAT is charged for each guarantor application
• the property will remain available to let until all the application forms are completed and Mark Stephensons has received the fees
• if references are unsuitable or the application is withdrawn, Mark Stephensons will retain any fees paid to cover our costs
• in order to let from us you must be in permanent employment and your gross income must be 2.5 times the monthly rent
• if a guarantor is required, their gross income should be 3 times the monthly rent (or share)
• a deposit must be paid at the beginning of the agreed tenancy before moving in. A normal deposit is 1.5 times the monthly rent. This is in addition to the first month's rent
• if you want to extend your tenancy when it comes to an end, there will be an administration fee of £50 +VAT
• there is a £50 +VAT fee if the tenancy needs to be amended.

Please ask if you would like to see a copy of our full standard terms and fees for letting.

Fees applying to all new tenancies from 1st June 2019

We may charge a tenant any or all of the following when required:

1. the rent;
2. a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over �50,000 per year;
3. a holding deposit of no more than one weeks� rent;
4. default fee for late payment of rent (after 14 days);
5. reasonable charges for lost keys or security fobs;
6. payments associated with contract variation, at �50 or reasonable costs incurred if higher, when requested by the tenant;
7. payments associated with early termination of the tenancy, when requested by the tenant; and
8. payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.

Fees applying to all pre-existing tenancies entered before 1st June 2019

We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020.