Renting made easy
Our experienced letting and property management team is with you every step of the way. We have been letting and managing property since 2003 and can offer a range of properties to rent across the North East.
SPEAK TO OUR LETTING EXPERTS 0191 215 4567
COSTS & FEES
You will pay your rent on a monthly basis in advance. The rent will be collected by Direct Debit or standing order (other payment options are available). If your company is paying for your accommodation we will discuss various payment options directly with them. If you claim housing benefit we can accept direct payment from the local authority.
Tenants will pay a non refundable administration/reservation fee of 60% of the first months rent including VAT, minimum fee of £400 including VAT, however in some cases this fee may be reduced depending on the property or your circumstances. You will be fully advised of costs prior to reserving the property.
This fee covers all administration involved with the referencing and set up of the new tenancy agreement for two tenants or one tenant and one guarantor. Additional tenants and guarantors will be required to pay £80 (this includes VAT) per additional application. All tenants aged 18+ living in the property must be reference checked and named on the tenancy.
Before you move into the property you will be required to pay one month's rent in advance, a bond/security deposit which is normally equivalent to one month's rent (this is refunded at the end of your tenancy subject to the condition of the property) and the administration/reservation fee as detailed above. Please see example below:
Rent - £550
Bond/Security Deposit - £550
Administration Fee - £400
Total - £1500
The above example is based on a property priced at £550 per calendar month with no pets and no additional applicants/tenants.
Your bond/security deposit will be higher if you intend to keep a pet in the property. The charge is an additional £150 which will be classed as a pet bond and will be returned at the end of the tenancy subject to the condition of the property.
Some Landlords will request a higher bond/security deposit, this will be shown on the property detail screen and will also be discussed prior to you reserving the property.
DEPOSIT PROTECTION INFORMATION
You will pay a security deposit before you move into a property.
This deposit will be used to pay for any damage at the property or any arrears which may be due at the end of the tenancy.
The deposit will be refunded at the end of the tenancy as long as the property is returned in the same condition, apart from fair wear and tear. We use the DPS - Deposit Protection Service to protect tenants deposits.
From 6th April 2007 the government introduced the tenancy deposit scheme, which all landlords and letting agents must use as a legal requirement when taking tenants deposits. The legislation aims to ensure that tenants who have paid a deposit to a landlord or letting agent and are entitled to receive all or part of it back at the end of that tenancy, actually get it.
If your landlord is managing the property they will protect your deposit in a government approved scheme, please ask our letting specialists for further details.
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DIRECT DEBIT SETUP
We use GoCardless to collect our direct debit payments. If you have been asked to set up a direct debit mandate please proceed by selecting setup direct debit, you will be transferred to GoCardless to complete the setup process. When we collect a payment your statement will show GB UK Services Ltd - this is our legal company name.
ABOUT NORTH EAST LETTING
North East Letting is a trading name of GB UK Services Limited | Registered Office: 36 Durham Road, Consett, County Durham, DH8 8RX
Company Reg No. 06678930 V.A.T No. 917 9206 08 | GB UK Services Limited does not subscribe to a CMP scheme. Copyright GB UK Services Ltd 2017
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