Rent Affordability Calculator

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If a guarantor is required then they would also need to have an income of:
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Fees for Tenants

All the following fees are inclusive of VAT at the current rate

Prices and Charges Correct as of 1st June 2019 but Subject to Change

Assured Shorthold Tenancies
Permitted Payments
Before the Tenancy Starts
Holding Deposit (Reservation Fee) 1 Week's Rent
Security Deposit 5 Weeks' Rent
(6 Weeks' Rent on Properties With Rent More Than £50,000 a Year)
During the Tenancy
Variation, Novation or Assignment of the Tenancy Agreement £50.00 inc. VAT (net £41.67)
Rent Outstanding for 14 Days or More 3% Daily Interest Rate
(above Bank of England Base Rate)
Payment of incurred costs for the loss of keys/security devices
Payment of any Unpaid Rent or Other Costs Associated with Your Early Termination of the Tenancy/Breaking the Contract*

*The Tenant will be required to give one month's notice and will be subject to paying the Landlord the equivalent of two month's rent, along with his reasonable costs incurred in identifying a replacement Tenant.

Nil Deposit Scheme - Reposit*
Initial Charge
(One-off, non-refundable service charge payable direct to Reposit.)
One Week's Rent
Annual Extension Charge
(Payable direct to Reposit on the anniversary of your move in date if you stay longer than a 12 month period.)
£30.00 inc. VAT (net £25.00)
Replacement of Tenant Charge
(Admin charge payable direct to Reposit to update Tenant’s details.)
£50.00 inc. VAT (net £41.67)
ADR Charge (Alternative Dispute Resolution)
(Payable direct to Reposit if a claim goes to ADR and the adjudicator finds the claim to be wholly in the favour of the Landlord.)
£120.00 inc. VAT (net £100.00)
Other Permitted Payments
Any other permitted payments, not included in the above table, under the relevant legislation including contractual damages.
Non-Housing Act Tenancies 1988 (e.g. Company Let Tenancy)
Under new legislation, we are not permitted to charge fees to Tenants unless the Tenancy is a Non-Housing Act Tenancy, e.g a Company Tenancy.
Administration/Application
Included within your Application Fee; Tenant Referencing checks which include affordability, current/previous Landlord checks (if applicable), Credit Report Checks, Immigration Right To Rent in the UK validation including Identification checks and preparation, delivery and completion of Tenancy documentation.
North/South Manchester One Tenant
£249.60 inc. VAT (net £208.00)
Two Tenants
£398.40 inc. VAT (net £332.00)
Three or More Tenants or Company
£510.00 inc. VAT (net £425.00)
Guarantor
£234.00 inc. VAT (net £195.00)
Manchester City Centre One Tenant
£280.00 inc. VAT (net £233.33)
Two Tenants
£450.00 inc. VAT (net £375.00)
Three or More Tenants or Company
£595.00 inc. VAT (net £495.83)
Guarantor
£255.00 inc. VAT (net £212.50)
Rental Arrears
Rent Outstanding for 14 Days or More 3% Daily interest Rate (above Bank of England Base Rate)
Rent Outstanding for 14 Days or More £54.00 inc. VAT (net £45.00) Per Week Until Rent Balance is Clear
Non-Payment of Standing Order or Returned Cheque £54.00 inc. VAT (net £45.00)
Letter or Email Sent in Respect of Outstanding Rent £54.00 inc. VAT (net £45.00)
Property Visit in Respect of Outstanding Rent £54.00 inc. VAT (net £45.00)
Matter Escalated to Legal Advisors £54.00 inc. VAT (net £45.00) Charge for Each Letter Sent
Tenancy Renewal
Tenancy Extension/Renewal £216.00 inc. VAT (net £180.00)
Miscellaneous
Change of Tenancy Commencement Date Prior to Start of Tenancy (If the Tenancy paperwork has already been prepared by the Agent and distributed.) £30.00 inc. VAT (net £25.00)
Property Alterations - Variation of the Tenancy Agreement £99.00 inc. VAT (net £82.50)
Any Other Variation, Assignment or Novation of the Tenancy £294.00 inc. VAT (net £245.00)
Tenancy Reference to Any Third Party £54.00 inc. VAT (net £45.00)
End of Tenancy Property Clean or Repairs £54.00 inc. VAT (net £45.00)

 

*Please note that we are unable to accept payment from American Express Credit Cards*

Thornley Groves Estate Agents
Business Address:16-18 Lloyd Street,Altrincham,Cheshire,WA14 2DE,England |Tel: 0161 941 4111 |Email: [email protected].
Company No. 02674298 |Business hours are