To safeguard both tenant and landlord rights there are series of checks and referencing you must go through before you sign a tenancy agreement. At Swift Residential we always want you to rent through us, so we don’t just want to organise viewings; we want to help you at every stage of the complex rental process, including making and agreeing on an offer.
When renting a property there are fixed costs that cover a variety of works such as verifying references, check in and check out, negotiating the tenancy and drawing up the contract. The tenancy charge may differ depending on the price of the property. This charge includes every tenant on the contract and does not apply for individual tenants. The charge will not exceed this sum unless you request or cause one of the specific additional services or fees set out elsewhere in this document.
When it comes to renting a property there are four types of costs you need to budget for:
- your rental payment
- your chosen letting agents’ costs
- the bills you have to pay on top of the rent
- the deposit which is usually the equivalent of between 6 to 8 weeks rent
Before the commencement of the tenancy, you will be required to make the following payments
Tenancy Agreement/ Admin Fee – 1 weeks rent
Deposit – Typically 6 weeks rent
Renewal tenancy - £75
Tenancy Agreement/Admin Fee - Provision of an expertly written tenancy agreement, brokering agreed amendments between landlord and tenant, and arrangement for completion and signature of the agreement by both parties and registering your deposit with the Tenancy Deposit Scheme. Your deposit is typically six weeks rent.
Referencing Fee - The cost of referencing includes checking your credit status, previous employer, current or past landlords, and considering any other information to help assess the affordability of your tenancy application.
Check-in Fee - The cost of arranging for a clerk to meet you and agree the current inventory of the property at the start of your tenancy. The cost of the check-out at the end of the tenancy is met by the landlord.
Renewal Document Fee - Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.