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 2 July 2020 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 £50,000.00 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 1month's notice and will be subject to paying the Landlord the equivalent of 2 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.)
1 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.)
£60.00 inc. VAT (net £50.00)
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 1 Tenant
£249.60 inc. VAT (net £208.00)
2 Tenants
£398.40 inc. VAT (net £332.00)
3+ Tenants or Company
£510.00 inc. VAT (net £425.00)
Guarantor
£234.00 inc. VAT (net £195.00)
Manchester City Centre 1 Tenant
£280.00 inc. VAT (net £233.33)
2 Tenants
£450.00 inc. VAT (net £375.00)
3+ 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