Fees For Tenants
Administration & Holding Fee - 1/2 month's rent + VAT, min. £250 + VAT (fee covers the costs of full referencing and credit checks for up to two applicants, including contacting employers/previous landlords, and also the tenant’s share of contract negotiation, agreeing terms, arranging the tenancy & drawing up agreements, including coordinating signing)
Additional Applicant Fee - £50 + VAT (to cover the costs of full referencing and credit checks, including contacting employer/previous landlord, payable per additional applicant)
Guarantor Fee - £50 + VAT (to cover the costs of full referencing and credit checks, including contacting employer for a guarantor and to cover the costs of coordinating signing of tenancy agreements, payable per guarantor)
Renewal of Tenancy Agreement – FREE (providing the landlord has consented to the renewal)
Late Rent Reminder Letter - £25 + VAT per occasion (to cover the costs of time spent drawing up the letter and postage costs)
Breach of Tenancy Agreement Letter - £25 + VAT per occasion (to cover the costs of time spent drawing up the letter and postage costs)
Missed Appointment Fee – Up to £40 + VAT per occasion (to cover the costs of time spent by staff, travel costs and rearranging an appointment)
Replacement Key – Up to £25 + VAT per occasion* (to cover the costs of having replica keys cut and time spent doing so)
Replacement Key Fob – Up to £100 + VAT per occasion* (to cover the costs of arranging a new working fob to be supplied and the fob itself)
Locksmith Call Out – Up to £50 + VAT + the charge from the locksmith per occasion* (to cover the costs of time spent coordinating a locksmiths attendance and any travel costs incurred)
Tenancy Security Deposit – Equal to one month’s rent**
Pet Security Deposit - £100 per pet**
Upon application to commence a tenancy, the Administration & Holding fee will become payable, along with any additional applicant fees and guarantor fees. Then, upon successful completion of referencing, the security deposit will be payable. The 1st Month’s rent & pet deposits will become payable upon commencement of the tenancy.
ALL FEES FOR TENANTS ARE SUBJECT TO VAT… VAT Registration Number 263 4350 16
NB: These fees are correct as of 01/04/19, and Copeland Residential Ltd reserves the right to change the fees at any time. Discounts may apply. Enquire to a member of staff.
*These charges will depend on what costs are incurred by Copeland Residential from third party contractors and suppliers.
**These charges are subject to change and are set by each individual landlord. Please ask a member of staff for confirmation of deposits payable on a particular property.