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Tenants Fees

What Happens Next?

Once you have decided to rent a property via Toomey Estate Agents, you will be provided with a Tenant Information Sheet.

This will disclose all fees and costs that will be involved prior to signing the Tenancy Agreement and any fees that may be incurred during and after your tenancy. The information below is provided to ensure you are fully informed of any fees and costs involved in renting a property through Toomey Estate Agents.

Initial Fees

Reservation Fee includes Credit Referencing Fee, Set Up Fees and Contribution To The Tenancy Agreement for 1 adult - £360.00 Including VAT 
Each Additional Adult Applicant - £120.00 Including VAT 
Guarantor Referencing - £120.00 Including VAT 
Check Out Fee - £90.00 Including VAT - £258 Including VAT (Depending on property size and furnishings) *Prices quoted are for standard size properties*
Any Amendments Made To The Agreement After Terms Have Been Agreed. For Example, A Change Of Rental Payment Date - £42.00 Including VAT. 

General Fees - Payable To Toomey Estate Agents

Extension Fee - £90.00 Including VAT
Any Letter Sent In Regards To Breach Of Tenancy - £30.00 Including VAT
Any Payment Returned/Refused or Re-Presented - £24.00 Including VAT
End of Tenancy Reference Request - £48.00 Including VAT

Reservation Fee

This will reserve the property for a period of 7 working days from the date monies are received. If referencing has not been completed within this period, the property will be placed back onto the market and you will lose the reservation fee.

Credit Referencing, Set Up Fees and Contribution to the Tenancy Agreement

The reservation fee includes the cost of credit referencing, we need to carry out credit and referencing checks on all adult tenants who will form part of the tenancy agreement. A referencing company will make some of these checks on our behalf and will also write to current/previous landlords and employers for references. Also included in the reservation fee are the initial administration costs to include providing a Tenancy Agreement. 

Additional Adult Applicants

This is the cost of each additional applicant that will form a part of the tenancy agreement.

Guarantor's Referencing

In the situation that satisfactory results are not received from the credit reference due to your financial position it may be that a Guarantor is required. If this is the case, this fee is payable per Guarantor that is credit referenced. 

Check Out Fee

Toomey Estate Agent's used a third party to carry out the property's inventory, check in and check out. The Landlord will be responsible for the cost of the inventory and check in.

Extension Fee

If both parties, Landlord and Tenant(s) agree to extend the tenancy for a further fixed term, this is the cost of preparing a new Tenancy Agreement.

End of Tenancy Reference Request

If your tenancy were to be ended by either party and you apply to rent your new home through a different agent they will request a written landlord's reference. This is the cost of providing this to them.

If you have any questions relating to any of the information provided above then please do not hesitate to contact us on 0208 715 9333 where a member of staff will be happy to assist. 

*Toomey Estate Agents use The Deposit Protection Service to protect tenants' deposits and currently have a Natwest dedicated client account for our clients rental payments. We are not a part of The Client Money Protection Scheme*