The asking rent does not include the advance letting administration fees required to undertake the Applicant(s) vetting and referencing of their personal, financial and job status. These fees also cover the reservation of the property.
York Laurent will apply Non Refundable administration fees to administer the vetting and reference process for each applicant as follows:-
- One Applicant (Tenant) named on the tenancy, vetted and referenced by Endsleigh incurs a fee of £250.00 (inclusive of VAT @ 20%)
- Multiple Applicants (Tenant) to be named on the tenancy, each applicant individually vetted and referenced by Endsleigh incurs a fee fee per applicant of £200.00 (inclusive of VAT @ 20%)
LETTING TO STUDENTS ONLY – REQUIREMENT FOR A GUARANTOR
In addition to the administration fee, a financial Guarantor is required by landlords accepting Student Applicants (Tenant) or from applicants that are about to begin their first full time employment after completing college or university.
Guarantor Fee £108.00 (inclusive of VAT @ 20%), in the event that a Guarantor fails a credit check, we will process only one further new Guarantor application, additional fee of £108.00 (inclusive of VAT @ 20%).
COMPANY LETTINGS ONLY
Administration fee of £350.00 (inclusive of VAT @ 20%) will be required to vet and reference a company applicant through the “Equifax ” credit agency , additional fees may apply if the company is new and we have to seek additional references from credit reference agencies, bank, accountant, or other source.
HANDOVER OF A PROPERTY
When the Applicant has been successfully vetted and referenced prior to the handover/ commencement date of the tenancy, we will require one calendar months’ rent in advance plus a deposit equal to 6 weeks’ rent, please note student applicants, Landlords will require a minimum of one month’s rent in advance plus a deposit equal to a minimum of 8 weeks’ rent.
INVENTORY CHECK OUT FEE
Properties that are Let and Managed by York Laurent throughout the term of a Tenancy, will require an end of Tenancy Inventory Check Out undertaken by an independent inventory companies either Verismart (www.verismartinventories.co.uk) or Smerdons (www.smerdoninventories.co.uk), an advance fee to cover the checkout will be payable by the applicant prior to the commencement of the tenancy. This cost is £118.00 (inclusive of VAT).
Payment of administration fees can be made by bank transfer or debit card.
Details of the application process are available upon request email firstname.lastname@example.org