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Fees

FEES FOR TENANTS (all fees inclusive of VAT)

Administration fee (referencing of applicant, processing the application, arranging the tenancy and contract negotiations) £200 per person
Fee to arrange/prepare inventory £100 (unfurnished property)
Fee to arrange/prepare inventory £120 (furnished property)
Guarantor referencing fee £75
Agency fee (for garages only) £50
Credit check (for garages) £25 per application
Tenancy renewal fee £50 (per property)
To provide (additional) copy of tenancy agreement £18
To provide (additional) copy of inventory £18
Future landlord reference fee £24
Tenant swap fees £200 per new tenant, £100 per existing tenant
Late payment of rental (for every letter sent) £18
Early release fee (subject to written agreement from landlord) £420 (per tenancy)
Fee to arrange works via contractor/s (following check-out) £12
To return overpaid monies paid in error by tenant (returned to tenant via bank transfer or cheque) £18
To change terms of tenancy £50
Pet deposit Returnable additional security deposit of To cover the added risk of damage. This will be protected with your security deposit in a government-authorised scheme and may be returned at the end of the tenancy. The keeping of a pet must be pre-agreed with the landlord. £200

FEES FOR LANDLORDS

Fees charged dependent on level of service offered:
Introductory (Tenant find) – 6 month tenancy Two weeks rental plus VAT
Introductory (Tenant find) – 12 month tenancy Three weeks rental plus VAT
Basic (Rent collection) 10% + VAT
Fully Managed 15% + VAT

Additional optional fees and charges (all fees inclusive of VAT)

To arrange gas safety inspection £24 per annum
To arrange Energy Performance Certificate (EPC) (EPCs are valid for 10 years) £24
Contribution towards Tenancy Deposit Scheme (TDS) £24 per annum
Fee to prepare tenancy agreement (Introductory service) £90
Fee to prepare tenancy agreement (Basic/Fully Managed services) £60
To sign/administer landlords own tenancy agreement £30
To arrange preparation of inventory/checkout £12
To provide an income and expenditure report (print out for landlords annual tax return) £30
To register/administer deposit with Tenancy Deposit Scheme (TDS) (Introductory service) £90
To arrange Portable Appliance Test (PAT) safety check (recommended every 5 years) £24
To arrange installation of smoke alarms/CO detectors £24
To carry out mid-term inspection (to inspect and provide a written report to the landlord either in addition to those already carried out under our full management service or as an additional service to those under our Basic letting service) £30
Where a statutory tenant occupies the property, applications to renew the rent to the rent officer will be charged at £120
Fee to arrange cutting of keys £12

Independent redress provided by:

The Property Ombudsman

Milford House
43-55 Milford Street
Salisbury
Wiltshire
SP1 2BP

Telephone: 01722 333306

Young Lee is part of the following Client Money Protection Scheme:

The National Approved Letting Scheme (NALS)

Cheltenham Office Park
Hatherley Lane
Cheltenham
GL51 6SH

Telephone: 01242 581712

Deposit Protection Scheme provided by:

Tenancy Deposit Scheme (TDS)

PO Box 1255,
Hemel Hempstead,
Hertfordshire
HP1 9GN

Telephone: 01844 262891