Residential
Lettings Fees

Fees Apply to Residential Lettings - Bidwells LLP has prepared this summary to advise you of your costs relating to a tenancy.

Security Deposit

Five week’s rent for tenancies with annual rent below £50,000, and 6 week’s rent for tenancies above £50,000.

Holding Deposit

One week's rent. This is refundable once the tenancy agreement has been signed.

Please note: This will be withheld if you withdraw from the property, fail a right to rent check, provide false information, or fail to enter into the agreement within 15 calendar day (or other deadline for agreement as mutually agreed in writing).

Administration Fees

Tenancy referencing fee: £100 inc. VAT for 1 applicant (+ £25 inc. VAT for each additional applicant).
Fully comprehensive referencing checks including employment and income, credit, Right to Rent and landlord references. To be paid from first month’s rent.

Tenant renewal fee: £48.00 inc. VAT 
To cover administration costs for negotiation of tenancy renewals. To be paid from rent once the new contract has been signed.

Fee for amending a tenancy agreement such as change of tenant: £50 inc. VAT
If a new inventory needs to be carried out then the tenant would be liable for this cost. 

Tenants Early termination fee:  If the landlord agrees to an early release tenants are liable to pay to the landlord any associated costs with re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. This cannot exceed the remaining rent left on the tenancy.

Check out fee
(inventory costs) to be deducted from the deposit at the end of the tenancy

  UF FF
Studio £138 £156
1 Bed £150 £168
2 Beds £174 £198
3 Beds £216 £252
4 Beds £240 £276
5 Beds £300 £348
6 Beds + TBC TBC

UF: Unfurnished FF: Fully Furnished 

These are non-refundable fees and VAT inclusive.

References

References are undertaken by an external referencing agency and are subject to a minimum four day waiting period. A tenancy will not be formally offered until we have received satisfactory references.

Payment

The first payment of the rent, deposit and professional fee should ideally be paid by bankerís draft. If the payment is to be made by cheque, then a period of at least four working days should be allowed to ensure that the cheque has cleared before the tenancy commencement date. Please note that we cannot release keys until we have received confirmation that cleared funds have been received. Thereafter, payment of rent must be made by standing order.

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