Lettings Arrangements and Charges
To ensure we deliver a first-class service, we will need to ask :-
How many people will be living in the property?
What you can afford, taking in to account the monthly rent, council tax charge and utility bills?
For how long do you intend to rent a property?
Do you have any special requirements relating to a tenancy?
Committing to a Property
Your intentions need to be validated by a financial commitment. We will require a holding deposit equal to the Referencing Fee and Contract Fee equalling to £175 per person as intent to start negotiations.
Our background checks will be conducted in house. Your former landlord, your current bank and your employer(s) will be contacted to verify your circumstances and tenant history. Once we have satisfactory references and all fees have been received you will be required to sign a Tenancy Agreement.
Before you move into a rental property, we will require:-
1. First month’s rent (or as agreed)
2. Deposit (depending on Landlord 1pcm rent or 6 weeks rent)
3. Referencing fee – £75 per person Contract Fee – £100 per person
All funds must clear before we release any keys. We accept payment by banker’s draft, transfer or cash. Unfortunately, we do not accept cheques.
Should you wish to terminate your tenancy before the end of fixed term and the Landlord agrees that you can be
released early, you will be responsible for the payment of outstanding commission due from the landlord for the
remainder of the tenancy unless you are exercising a break clause contained in your tenancy agreement.
If you wish to change the identity of any tenants during the tenancy, you must inform RM Property Services in writing of
this. If the Landlord agrees to the change, RM Property Services will carry out a new reference check on the incoming
tenant and prepare a new tenancy agreement to be signed. This service carries a contract changing fee charge of £350 per person
for the outgoing tenant and a £175 referencing charge for the incoming tenant.
An administration charge of £25 will be charged for each letter sent by RM Property Services regarding late or non-payment
of rent. Letters are initially sent at 3, 7 and 10 days after the rent becomes due and 7 days thereafter, until the rent is
paid in full.
An administration charge of £40 per instance will be charged for handling rent payments by any other means other
than standing order.
Renewing Your Contract
RM Property Services will contact you 10 weeks before the expiration of the initial term of the tenancy agreement. We will
ascertain whether or not you wish to renew your tenancy or vacate the property. In the event that you wish to stay
longer than your original tenancy agreement and terms can be agreed with you and your Landlord, a new tenancy
agreement will be drawn up by RM Property Services for you to sign. This service carries a contract renewing charge of one