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Clarification of Letting Agency Fees

IMC NW Ltd – Letting fee Policy


Holding Deposits:
A holding fee equal to 1 weeks rent is payable upon the start of the application.
Successful Applications - any holding deposit will be offset against the initial Rent and Deposit - with the agreement of the Payee - providing the applicant has provided the correct information. If the application is rejected by the Landlord at no fault of the applicant, the fee is refundable.

Unsuccessful Applicants - If any applicant decides not to proceed with the tenancy for whatever circumstance – the holding fee is non-refundable.

Fees Payable in accordance with the Tenant Fees Act 2019:
Additional variable charges may apply during the course of the tenancy or at the end and are detailed within the Tenancy Agreement E.G.
Late payment charge - £20.00
Loss of Keys - £20.00
Copy of Documents - £10.00
Missed Appointments - £15.00 (maintenance visits, contractor denied access)
Change of move in dates - £30.00 (to re-write all paperwork)
Contract Variation - Admin Fee - £50.00
Contract Termination - Admin Charge - £50.00 (Plus any reasonable Landlord costs, by prior agreement)

A deposit equal to 5 weeks rent . The deposit and first month’s rent is payable once the references have been passed and before the tenancy begins.

The details are available in the office on display and are on the website