Tenant Fees
We don’t charge application fees to tenants looking to rent properties with Ferndown Estates; however we do have an extensive reference process in order to assess each and every interested person who wishes to be considered for any tenancy.
We will ask for an upfront holding deposit to secure a property (and prevent other people from applying for the same property) whilst an application is being processed.
The holding deposit is one weeks’ rent payable upfront but refunded to you when you move into the property, or an application being withdrawn.
Ferndown Estates do not retain your holding deposit (unless you knowingly lie on your application)
We can agree to use the holding monies towards the first months’ rent or deposit should you wish.
We have a duty of care to return your holding deposit to you within 15 days of receiving it. We will
look return the monies to you sooner in the event that we cancel your application or we don’t hear from you for several days Where there is no existing relationship with our company we will ask if we can visit you at the property you currently live at (if agreeable)
This is something we like to do as we like to discuss key factors of being a tenant in one of our properties. We also like to introduce ourselves to you to discuss your thoughts and requirements before you commit to being a tenant and signing a legal contract.
Building a relationship with you as a tenant is a key component of our business.
Feel free to discuss any point of our referencing process with our lettings team prior or during any application.
FEES YOU COULD BE CHARGED DURING YOUR TENANCY: (All fees and charges will be considered
on a case by case basis. The figures quoted here are given as guidance only.
Unpaid Rent / Returned Payments Interest at 3.75% above Bank of
England Base Rate from due date
Loss of keys Upto £50.00
Alterations to a tenancy (to add or remove an occupant) £50.00
Payments associated with early termination of the tenancy when requested by the tenant.
Price on early termination request
Landlord Fees
| Standard Fees shown as a percentage of monthly rent collected for the term of the ccontract | Rent Collection | Fully Managed |
|---|---|---|
| Standerd commission fee | 12% | 15% |
| Landlord administration fee: Inventory and schedule of condition, lodge deposit, notify utility suppliers, preparation of tenancy agreement and smoke and carbon monoxide test | 75% of first month’s rent, minimum £650 | 75% of first month’s rent, minimum £650 |
| Onboarding and existing property for management | £250 | £250 |
| Marketing | ||
| Rent Appraisal | Included | Included |
| Marketing the Property | £150 | £150 |
| Accompany Viewings | Included | Included |
| Pre Tenancy | ||
| Take up references and Credit Checks | £30 | £30 |
| Collect permitted tenancy/security deposit and first rent payment only after the tenancy agreement is signed, where permitted by law | Included | Included |
| Inventory & Schedule of Condition | Included | Included |
| Complete Agents Tenancy Agreement | Included | Included |
| Send standing order for ongoing rent payments | Included | Included |
| Notify Utility Providers | Included | Included |
| Lodge the deposit with the Tenancy Deposit Scheme (TDS), where applicable | Not Included | Included |
| Prepare and supply move-in statement | Included | Included |
| Smoke and carbon monoxide test | Included | Included |
| Issue required writted tenancy information / Renters Rights Act Information Sheet where required | Included | Included |
| On-going Tenancy | ||
| Receive Rent and Remit to landlord by BACS | Included | Included |
| Itemised monthly statements by email | Included | Included |
| Interim property inspections & written report | N/A | Included |
| Additional property inspections required by landlord | £72 | £72 |
| Rent arrears management | Included | Included |
| Statutory rent increase notice, supplemental agreement or completion work | £120 | £120 |
| Receiving calls from tenant | Not Included | Included |
| Maintenance | ||
| Instruct/obtain quotes per contractor | Cost + 7.5% | Cost + 7.5% |
| Annual gas safety certificate | Cost | Cost |
| Electrical appliance (PAT) test | Cost | Cost |
| Electrical Safety Inspection | Cost | Cost |
| End of Tenancy | ||
| Eviction process delivered by hand and completed statutory declaration | up to £150 | up to £150 |
| Liaise with inventory clerk for check-out, including visits to property | £125 | Included |
| Negotiate deposit release | £60/hr | Included |
| Preperation of documents in the case of deposit dispute claim | £60/hr | Included |
| Preperation of documents for solicitors/court attendance | £60/hr | Included |
| Other Charges | ||
| Rental warranty and legal protection | +1.5% on standard fee on annual policy continuation | +1.5% on standard fee on annual policy continuatioN |
| Manage insurance claims, not processing claim | N/A | 7% of claim value |
| Manage Major Works | Up to 10% of cost | Up to 10% of cost |
| Purchasing items | Cost | Cost |
| Providing temporary heaters | £25 each | £25 each |
| Legionella Risk Assessment | Cost | Cost |
| Energy Performance Certificate | Up to £120 | Up to £120 |
| Vacant property visits, per visit and subject to written agreement | Up to £75 | Up to £75 |
| Sale of property where instructed, based on sale agreed price | 1.5% | 1.2% |
| Abortive Let | £360 | £360 |
| Copy tenancy documents/statements, per item | £18 | £18 |
| Non-resident landlord monthly tax administration fee | £30 | Included |
All figures are inclusive of VAT at the current rate. These figures are a guide only and do not override the written terms of this agreement
No tenant fee prohibited by the Tenant Fees Act 2019 will be requested or charged to a tenant. Landlord charges shown above are payable by the Landlord and may be deducted from rent or other monies held unless otherwise agreed
Ready to Sell or Let your property?
Are you ready to sell or let your property? At Ferndown Estates, we understand that putting your property on the market can be a big decision. That’s why we’re here to help you every step of the way.