Costs Explained

To speak with one of our agents now, call 0800 612 5228

You will pay your rent on a monthly basis in advance. The rent will be collected by Direct Debit or standing order (other payment options are available). If your company is paying for your accommodation we will discuss various payment options directly with them. If you claim housing benefit we can accept direct payment from the local authority.

Tenants will pay an administration fee of 50% of the first months rent (plus VAT), however in some cases this fee change depending on the property, you will be fully advised of costs prior to arranging a viewing. This covers all administration involved with the referencing and set up of the new tenancy agreement for two tenants or one tenant and one guarantor. Additional tenants and guarantors will be required to pay £60 (this includes VAT) per additional application. All tenants aged 18+ living in the property must be reference checked and named on the tenancy.

Before you move into the property you will be required to pay one month's rent in advance, a security deposit (this is refunded at the end of your tenancy subject to the condition of the property) and the administration fee as detailed above. Please see example below:

Rent - £550
Security Deposit - £550
Administration Fee - £330
Total - £1430

The above example is based on a property priced at £550 per calendar month.

   
     
 


North East Letting Head Office
26 Kingsway House, Kingsway
Team Valley, Gateshead
NE11 0HW
T: 0191 215 4567
F: 0191 487 3629

North East Letting is a trading name of GB UK Services Limited
Company Registration No. 06678930
VAT No. 917 9206 08

© 2012 GB UK Services Limited