For letting the HPP Estate agency charges the landlords a fixed fee of £350. To begin the letting process they must pay £125 in advance and the rest £225 can be paid after a rental agreement. If a landlord wants a comprehensive service of finding a tenant and collecting monthly rent in our NatWest Client Deposit Account and maintenance then we charge initial £125 and monthly 8% of the rent payment.
It charges the tenants:
- administration fees of £125 to cover preparing or renewing their tenancy agreement, checking their references, credit checks, immigration checks, making up the inventory.
- a non-returnable holding deposit of £350 after they’ve agreed to rent the property but before they’ve signed the tenancy agreement. They might be able to get this back if the landlord increases the rent or their references details were true, but did not succeed.
- a returnable security deposit of one and half of one month rent to protect the landlord if the tenants damage the property or get into rent arrears. This security deposit will be protected in a Government approved Mydeposits Custodial Scheme.
We recommend reading the national guidance for renting: https://www.gov.uk/government/publications/how-to-rent
The agency excepts the landlords must provide:
- A gas safety certificate. The landlord must provide one each year, if there is a gas installation.
- The Energy Performance Certificate. This will affect the energy bills and the landlord must provide one (except for Houses in Multiple Occupation).
- The landlord should provide with: A record of any electrical inspections. All appliances must be safe and checks every 5 years are recommended.