Administration Fees

Administration fees are payable for all of our properties. Once your fees are received, the property is secured and withdrawn from the market for 1 week, while references are obtained. The fees* are as follows:

Administration Fee per Property

1 Tenant £175, 2 tenants £225, 3 tenants £275

All tenants and occupants, over the age of 18, must be referenced and listed on the tenancy agreement.

Renewal Fees

The tenancy you are applying for is a fixed term and the owner will normally require us to negotiate an extension at the end of it. After the expiry of a fixed term, if both parties wish to extend the tenancy, a fee of £40 + vat will be payable for renewing or extending the tenancy agreement, irrespective of the length of the extended period or the type of agreement.

* Occasionally we market some properties to let on behalf of other management companies that have additional administraton fees. We will make these fee aware on our property advertisements.

Tenant Application Forms

Please click to download the application forms you need. You can then print them out and fill them in. Once filled in and signed, application forms can either be faxed or scanned and emailed to us.

If you have any quesions while filling in the forms, please give us a call on 0115 9629770.

pdfApplication_Individual_Nottingham_141022.pdf

Guarantor Requirements

In some circumstances, for instance if you are moving to the area and haven't got a job finalised, we may need to obtain a Guarantor who will agree to guarantee your rental obligations. If this is the case, your Guarantor will need to complete a Guarantor Application form. You can download this form below.

pdfApplication_Guarantor_Nottingham_141022.pdf

Guarantors are required to meet certain criteria – they must be a UK citizen, employed full time, and ideally a home owner. If you are self-employed or renting, you might still be able to act as guarantor – please call us to discuss your specific circumstances.

There is an affordability calculator used to determine whether a person is financially able to act as a guarantor. This is determined by taking the monthly rent for a particular property and multiplying it by 40. Please see examples below showing montly rent and minimum gross annual salary required for the guarantor:

 
Monthly rent
Guarantor salary
 
£ 300.00
£ 12,000
 
£ 400.00
£ 16,000
 
£ 500.00
£ 20,000
 
£ 600.00
£ 24,000

Guarantor Application Fees are just £50. The guarantor will be required to sign a Deed of Guarantee that will be attached to your tenancy agreement.

Tenancy Agreement

Understanding what you are signing up for is important to everyone, so below is a sample of our standard Managed Tenancy Agreement. Please speak to your representative if you have any questions about the agreement BEFORE you submit an application and pay administration fees. 

pdfSAMPLE_Fully_Managed_AST_December_14.pdf


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