Please find below a list of our tenancy fees and possible additional fees when renting via IDM Estates. All prices are inclusive of VAT at 20%.
Administration fee – £120 per tenant
This is a fixed cost fee that can cover a variety of works including but not limited to drawing up contracts, verifying references and conducting right to rent checks. This charge is applicable per individual tenant.
Reference fee – £60 per tenant
This covers the cost for IDM or a third party company to carry out reference checks on a tenant prior to move-in.
Other fees
Tenancy renewal – £100
End of tenancy inventory check-out – £150
Relevant letting fee and tenant protection information
As well as paying the rent you may also be required to make the following payments
Permitted payments:
Before the tenancy starts payable to IDM Estates Ltd:
Holding deposit (1 weeks rent)
Deposit:
5 weeks rent (for properties where the annual rent is less than £50,000)
6 weeks rent (for properties where the annual rent exceeds £50,000)
During the tenancy (payable to the agent)
Payment of up to £50 (Incl. VAT) to change the tenancy
Payment of interest for the late payment of rent at a rate of 3%
Payment for the reasonable incurred cost for the loss of keys/fobs/security devices
Payment for any unpaid rent or other reasonable costs associated with your early termination of the tenancy
Please note that lettings agents are required by law to publish on their websites information for potential tenants about relevant fees, redress schemes and client money protection schemes (including the names of those schemes). Relevant fees must also be published on third party websites, such as Rightmove.
