Transparent Charges For Tenants and Landlords
Administration Charges including Referencing
A non-refundable fee of £300 (inc VAT) to cover the cost of taking up references, the cost of the tenancy agreement and administration is payable on agreement of an offer. If two or more individuals are sharing in a tenancy the fee will be £180.00 (inc VAT) each.
Referencing – (Cost Included in Administration Fee)
Once satisfactory references have been received, the tenancy agreement will be drawn up, and should be signed by all tenants, duly witnessed and dated. In case of a company let, a director or authorized signatory of the company will be required to sign the agreement. The rent and deposit must be paid by cash or bankers draft to Pedder Property Lettings Limited prior to the commencement of the tenancy.
Guarantor Charges -
If a Guarantor is required the fee for taking up references and the Guarantor Form is £60.00 (inc VAT) per Guarantor.
Payment of our administrative fees does not constitute an acceptance of the applicant by the owner of the property or his/her agent, nor the granting of a tenancy. The payment of this sum is by way of confirmation that the applicant wishes to enter into negotiations with the owner, via his/her agent and is not refundable should the applicant subsequently withdraw. Should the landlord withdraw, the fee is fully refundable less the cost of any references already applied for.
Only once we are in receipt of both the landlord’s and tenant’s signed tenancy agreement, the original Guarantor forms (if applicable) and cleared funds may the tenant take occupation.
if it has been agreed with the landlord that the tenant is allowed to keep a pet on the premises, a deposit of £500 will be payable.
Property Inventory - (Generally At The Landlords Cost TBC)
A property inventory recording the condition of the property and its contents is encouraged by Pedder to protect both the landlords and tenants interests but is at the landlord’s discretion. Costs will vary depending on whom the landlord decides to instruct. However it is generally common practice for the landlord to bare the cost of the Inventory and make the tenant to contribute to the check-in or out in advance at the start of the tenancy.
Pedder will be instructed by the landlord as to what arrangements are to be made for the preparation and check-in of an inventory describing the contents and condition of the property. If the landlord instructs for an independent inventory to be carried out, this will be done just before your tenancy commences. You will receive a full copy of the inventory shortly after the tenancy start date and will be given 7 days from receipt to check and agree its contents. In some cases Pedder will be advised that the landlord will prepare their own inventory, check-in and check-out. In these cases you may decide to employ the services of an independent inventory clerk (at your own cost) to safeguard your own interests.
Lost Key fee - minimum of £78 inc VAT if the tenant is at fault
Inventory Check in & Out – (Cost To Be Confirmed)
The landlord is generally responsible for the drawing up of an inventory and the check-out costs and the tenant is responsible for check-in costs. Whilst care will be taken in giving instructions to independent inventory clerks, Pedder cannot accept any liability for any error or omission on their part. If an inventory check-in has to be cancelled, the tenant will be responsible for any charges raised by the inventory company.
Rent Collection charges
We offer a monthly rental collection service. The cost of this is charged to the landlord and based on rental income
Fully managed service for landlords - 18%
The tenancy agreement entered into is between the landlord and the tenant and, therefore, the tenant cannot hold Pedder liable for any deductions made from the deposit, which may be in dispute.