Tenant Fees

Before you move in

Referencing all applicants (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers/landlords and any other relevant information to assess affordability) as well as contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement.

Deposit: £equivalent to 6 weeks to rent.  Room shares equivalent to one month’s rent

This is to cover the added risk of damage to the property and will be protected with the Deposit Protection Service and may be returned at the end of your tenancy subject to a satisfactory checkout.

Pet deposit: £100.00 extra per pet Returnable Security Deposit

This is to cover the added risk of damage to the property and will be protected within your security deposit held with the Deposit Protection Service and may be returned at the end of your tenancy subject to a satisfactory checkout.

During your tenancy

Amendment Fee: £60.00 (inc VAT)

Amending any terms an updating your tenancy agreement during your tenancy.

Renewal Fee (tenants share): £60.00 (inc VAT)

To negotiate with the landlord and arrange a further tenancy agreement for signature.

Lost key call out £90.00 (inc VAT)

Subject to the office holding a key and being available. If we do not, then a locksmith will need to be called at the tenant’s expense.

Early release / remarketing fee: Equivalent to one month’s rent (inc VAT)

This is subject to the Landlord’s written approval and dependant on individual circumstances.

As part of your rental application process, your Letting Agent will ask Let Alliance to carry out certain references.

There are 3 parts to the process:

1. Credit Check
We check for bad credit, IVA’s, Bankruptcy order and CCJ’s. If you have any adverse credit it is important that you declare this and make us aware of it. Fees are NON-REFUNDABLE if you fail referencing as a result of bad credit or you subsequently withdraw from the property.

2. Current Landlord Reference
We will contact the landlord or agent who you are renting from at the moment and obtain a reference from them.

3. Verification of Earnings
We need to verify that you can meet the rental obligations and to do this we will check what income you have at present.

Employed Applicants
We will take a reference from your current employers. It is important to give the name of your line manager or indicate that we need to contact the HR or Payroll department if this is the case. We can provide a letter of authority for you if necessary.

If you are employed by your own company, please complete the Accountants Reference section of the application as well since we classify this as self-employment for referencing purposes.

Self-Employment
We will need to obtain a reference from your accountant or have sight of the following:

Your last 2 year’s accounts
Your last two to three years’ worth of SA302’s / SA100’s / CIS Vouchers
We may also request bank statements to support your application.

Unemployed / Student
Unemployed applicant’s and students always require a guarantor. We do recommend that you provide to your letting agent copies of any student loan paperwork which you have received.

Independent Means
If your income is in the form of independent means, then we will require your last 6 month’s bank statements and may take a reference from your accountant if you have one. Independent means can include savings, pensions and investments. Please submit to your agent or to us copies of documentation which you feel supports your application. This could include:

Savings statements
Premium bonds certificates
Investment statements
Bank statements
Accountant details

Retired
We will require either your annual pension statement or a reference from your pension provider. Please submit a copy of your most recent pension statement with your application.

Additional Income
If you have any additional income, please make this clear when you apply. Additional income could include:

Tax credits – please provide a copy of this year’s tax credits statement to your agent
Savings – please provide bank statements
Additional job – please provide details of who we may contact for a reference or provide copies of 6 months’ payslips

RIGHT TO RENT CHECKS – You will go through Right to Rent checks that are a mandatory requirement for all applicants under the Immigration Act 2016. We will need Proof of Residency and Proof of Identity.