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First time tenant in Hucknall interested in fees?

As a first time tenant, I was wondering what sort of fees are to be paid when renting?

Asked on Feb 3 2013, Renting in Nottingham | Report content

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  • Hi philgorewoda, I assume you are referring to the fees that you will need to pay to the landlord or letting agent when it comes to actually taking over the tenancy of a flat or house? If so, there will be two charges which are common, and others which may be requested less frequently. Normally when you move into a home, you will be required to pay a month's rent in advance, as is the case throughout your tenancy. However, all of those who are letting a flat, either privately or through an agency, will also require a security deposit which covers damage in the home. You receive this back at the end of your tenancy, provided the home is in a good state still. Typically, the security deposit will amount to six weeks rent. On top of this, some landlords may require you to pay maintenance fees, particularly for apartment blocks, that covers things like cleaning of communal areas and repairs. Many thanks, Scott

    Answered on Feb 6 2013, Report content
  • Hi Phil You're probably going to find that there will be an initial administration fee to cover the application and setting everything up. This could be up to £200 depending who you rent through. You would then need to pay the rent prior to moving-in and the deposit that would be held on your behalf as security. As a very rough guide, if you are renting something at say £500/month, you will probably need to pay around £1300 before you move-in. Hope this helps.

    Web reference:

    Answered on Feb 13 2013, Report content

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