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At James Neave the Estate Agent we like to be fully transparent with regards to our fees and costs that tenants will incur throughout their tenancy.

Please note the terms described in guide are subject to change in some circumstances depending on the landlord we are acting for. If there are any changes you will be informed at the earliest possible point and before you are asked to pay any monies.

#1 Holding deposit fee

At the point of agreeing a deal with all parties, both landlord and tenant, we will ask you to pay a £300.00 holding deposit fee.

This £300.00 will be deducted from your initial bill when you take occupation however it is non-refundable if you, or any of your co tenants, choose not to proceed with the deal for any reason or your references are failed and a solution that the landlord agrees to cannot be found.

  • Payments by debit card are subject to a 0.75%+20p charge.
  • Payments by credit card are subject to a 3%+20p charge.
  • James Neave do not benefit from these charges, they are directly from the payment handler.

#2 Monies due before occupation

Before you take occupation you will be required to pay:

  • First months rent (unless a longer period of advance rent has been agreed)
  • Security deposit (see guide below)
  • Fees + vat (see guide below)
  • This figure will be totalled and then the £300.00 already paid deducted to give your final balance.
  • Payments by debit card are subject to a 0.75%+20p charge.
  • Payments by credit card are subject to a 3%+20p charge.
  • James Neave do not benefit from these charges, they are directly from the payment handler.

#3 Security Deposit

Your security deposit is calculated as 1 and a half times your monthly rent, so where rent is £1000pcm your deposit is £1500.00.

We lodge our deposits with the DPS, Deposit Protection Service, all details will be provided with your tenancy agreement.

#4 Fees

Your fees are calculated as:

  • £200 + vat (£240) per tenancy (not individual tenant) to include your contribution to legal contracts & professional clerks to carry out the property check in and out.
  • £50 plus vat (£60) per applicant over the age of 18 for references
  • So for example in a tenancy with 2 adults over 18 – the total charges would be £300 plus vat (£360)
  • There are no hidden fees throughout the tenancy or any charges due at the end of the tenancy. A £45 plus vat (£54) is payable if the tenancy is renewed.

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