Residential Lettings

Rightmove

Tenant Application Procedure with Stoneacre Properties
(Including Terms and Conditions)


Stoneacre Properties charge potential tenants, application/referencing fees in order to confirm suitability on behalf of our landlords. To make things easier for potential tenants, we have outlined the cost per applicant (plus VAT) below.

  • The cost per applicant £150 inc vat.

These application fees become payable once an offer has been accepted by the landlord. Tenants will also be required to pay a holding deposit which would normally equate to half of the first month’s rent along with their application fees. In some instances tenants may be asked to pay a higher holding deposit in order to reserve the property – this is at the discretion of Stoneacre Properties. The holding deposit paid by the tenant is used as part of their first rental payment upon taking possession of the property.

Tenants may be asked to provide a guarantor. Should this be required, then £41.67+vat (£50.00) per guarantor would be payable.

Goods remain the property of Stoneacre Properties until cleared funds have been received. Services will be considered unpaid and keys for rental properties will not be released until Stoneacre Properties are in receipt of cleared funds.

Goods, rentals and services may be paid for by cash, cheque or debit card. There is a 2% supplement for credit card transactions.

The ‘holding deposit’ includes a reference provided by a third party. This fee is deemed non-refundable irrespective of the reference details and whether or not the applicant(s) have been accepted as a tenant by the landlord – after reviewing the references, suitability is deemed to be at the discretion of Stoneacre Properties.

The ‘advance rental’ will secure a property from further marketing. The tenant has been made aware that this money will be used towards rental payment upon commencement of a tenancy. The applicant(s) is also aware that should they decide against taking up residency or delay the move in date provisionally agreed prior to the deposit being paid, they will forfeit their right to the money as it is deemed non-refundable.

In the event of the landlord deciding not to proceed with the tenancy, the ‘advance rental’ shall be returned to the tenant.

If a fixed term tenancy is approaching its expiry and both parties wish to extend the tenancy, a fee of £49+vat (£58.80) per tenant will be payable for renewing or extending the tenancy agreement on each occasion, irrespective of the length of the extended period or the type of agreement agreed.

The standard rate of VAT will apply on all services where applicable;

  • Application Fees Standard rate VAT included in quoted price
  • Rental Payments Zero rated VAT
  • Bond Payments Zero rated VAT
  • Insurance Zero rated VAT