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First time renting. question about additionial fees

Can someone explain what let or let agreed exactly means? and also what does fees apply mean? is the rental price which is stated for each property not the final price, will there be additional payment each month which is not stated, or does the fees apply mean that there might be additional fees only once when you rent the property?

Asked on Dec 22 2013, Renting in Birmingham | Report content

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  • Hi, To answer the first of your questions - let agreed means that someone has applied to take on the tenancy of the property and the landlord or agent has accepted. At this stage, they are just waiting for all of the paperwork to be finalised and all checks to be carried out before the person can move in. Although a tenancy has been agreed, if you really like a place it can still be worth keeping an eye on it just in case the other deal falls through. It does happen. Secondly, the issue with fees. When it says fees apply, this can mean one of two things. On one hand, it can be application fees when you put in your bid to become the tenant. This can be where the agent will ask for a fee to work through all of the paperwork involved, carry out credit checks etc. The other meaning of fees apply can be a monthly basis. You might be asked, for example, to pay maintenance in a serviced apartment for grass cutting, stairs being washed etc. The only way to know for sure though is to ask the letting agent. They will be able to lay all of the charges out on the table for you. Many thanks, Scott

    Answered on Jan 2 2014, Report content
  • Hi, Let or let agreed refers to the status of the property, this status being that the property is unavailable to rent as it has already been let to another person. In terms of additional fees, when it says fees apply this is usually in relation to the agents fees itself such as a deposit, a holding fee etc these fees are a one of payment at the beginning of the tenancy that helps secure the tenancy and also helps to draw up the tenancy agreement and therefore will not be in additional to the PCM price as stated. However depending on the property itself it may mean additional fees such as maintenance fees for serviced apartments, car parking facilities etc which will could be added on to the rent on a monthly basis or alternatively paid within a different payment plan throughout the tenancy. If you would like to know further on fees, we would suggest you contact the agent direct as each agents fees are different and some agents may require additional fees than others. We hope this helps.

    Answered on Jan 3 2014, Report content

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