Information For Tenants
Once we have found you a property and your offer has been accepted, we can start processing your application for a tenancy. The tenancy charges may vary depending on the agreement Manors has with the landlord.
To ensure there are no surprises, we have outlined below how we will proceed and what you can typically expect to pay:
Pre-tenancy
All charges stated are inclusive of VAT (calculated at 20%)
Referencing charge
£36 per person
Tenancy agreement charge
£240
Security deposit
Usually 6 weeks rent
Holding deposit
Usually 2 weeks rent
During your tenancy
(if required)
All charges stated are inclusive of VAT (calculated at 20%)
Renewal memorandum
£156
Change of tenants
£240
Future reference
£36
Inventory checkout
Depends on the size of the property and furnishings
There is a 4% surcharge on credit card payments and non-UK card payments.
Referencing charge – The cost of referencing includes an employment reference and potentially a previous employment reference, current and past landlord references and a credit status check. Manors employs an independent third party to take up references.
Tenancy agreement charge – Provision of a tenancy agreement, including any specially negotiated clauses, arranging for the agreement to be signed by both parties (executed by Manors), and copies exchanged.
Security deposit – Usually 6 weeks rent which is held against any damage or cleaning of the property required at the end of the tenancy and subject to the checkout report.
Holding deposit – Usually 2 weeks rent and payable to remove the property from the market. This amount is deducted from your first month’s rent due before your tenancy start date.
Renewal memorandum – Negotiating the tenancy renewal, issuing the memorandum to the agreement to be signed by both parties, and executing the memorandum.
Change of tenants – Negotiating the change of tenants, provision of a new tenancy agreement, arranging for both parties to sign the agreement (executed by Manors), and copies exchanged.
Future reference charge – Providing a reference for a future landlord or letting agent.
Inventory checkout – This is paid by the tenant at the end of the tenancy. Charges will vary depending on the size and furnishing of the property. (NB: The check-in inventory is normally paid for by the landlord).
