Student Accommodation Fees and Bills
FEE'S FOR TENANTS
Here at Studentcircle Lettings, we like to keep things nice and simple without trying to confuse our customers with hidden or crazy fees. That’s why we keep it nice and simple, our Admin fee is £180.00 inc VAT per person and this includes free contents insurance with one of the best student insurance companies which was originally setup by the NUS.
We don’t just stop there we also provide you with a key fob in case you lose your keys, this is called key care and offers a reward if your keys are lost, we don’t charge any other fees unlike a lot of our competitors who charge for check in & check out fees, however we do charge for weekend check ins (£35 inc VAT) and if we have to meet each tenant of a house of 2 or more, on more than one occasion to hand over keys (£35)
A list of further Charges that may apply during the tenancy and are listed below-
If the landlord requires us to carry out a Guarantor reference there will be a charge of £125.00 (inc VAT) we will inform you beforehand if this is the case, however sometimes the landlord may ask for further proof before a contract is accepted.
Late Payment Fee
If you pay your rent late you will be charged a fee of £25.00 (inc VAT)
Extra Copies Of your AST Lease
If you require any Extra copies of tenancy agreement you will be charged a fee of £5.00 (inc VAT) However you may want to think about putting your original copy of your AST Lease somewhere safe, also it you should be able to find a copy in the MYAREA section of our website.
Credit & Debit Card Charges
A 2.95% charge may be levied if payment is received by debit or credit card, you may want to think about paying by standing order or by alternative means, We will always tell you if we have to make any charges when accepting payments.
Missed prearranged appointment with Agent - Landlord or tradesman
If we have arranged an appointment with you and your housemates for either ourselves, landlord or tradesman and no one is in we will at our discretion charge you £30.00 inc VAT for wasted time.
Keeping it nice and simple and transparent.
FEE'S FOR LANDLORDS
This year we’ve structured our packages in a clear and concise way, we have used clear and concise language ensuring that no jargon is used and nothing but plain English.
Our main packages cover two different levels of service; LET ONLY & FULLY MANAGED
Whether you have a student or professional let, we are here to keep you happy, so why not come and join our ‘circle’? Although we feel these packages will suffice the vast majority of clients’ requirements, we do offer bespoke packages and are always happy to discuss an individual’s specific needs with them directly!
Standard Let - Only 50% Finders Fee
Tenant finding service, this includes full marketing including in social media, carrying out accompanied viewings and taking guarantors, where possible this also includes free contents insurance to all tenants and erection of a ‘To Let Board’.
Standard Managed - Fully Managed 50% Finders Fee & 10% Management
Your property will be marketed through a variety of social media outlets and online portals in addition to our dedicated team overseeing that the right house is matched to the right tenants.
We co-ordinate and perform property viewings for all prospective tenants and once that process is complete we will facilitate the guarantor process (where applicable) in addition to the first months’ rent collection and subsequent deposit registration if instructed*.
We then co-ordinate both move-in and move-out dates of tenants as well as liaising directly with utility companies for the purpose of conferring accurate and up to date meter readings.
In addition to the tenants receiving free contents insurance, both parties will be provided with a free inventory of the respective property compiled with our own custom-built inventory software, this will co-ordinate directly with a full check out inventory at the end of the tenancy.
Here at Studentcircle Lettings we are not like most companies, we believe that if you look after the tenant that the tenant in turn will look after you, a happy tenant is a paying tenant, we endeavor to be as impartial and fair, taking a balanced view and both views, after all both landlord and tenant both normally have different views of whats important and we try and take this into account, it may sound a little cheesy but we believe for a happy transaction everyone needs to be happy in order to complete the Studentcircle.
All our landlords charges are set out in our terms of business for landlords which is signed and then countersigned by ourselves, however please find below some more details of our charges below.
Deposit Registration Fee
Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme
Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy £48 inc VAT
Charged in the event of a deposit dispute negotiation £80 inc vat
Contract negotiation, amending and updating terms and arranging a further tenancy and agreement 50% of the contracted first months rent
Service of notices
Serve Section 8 Notice - £38.70 inc VAT
Serve Section 21 Notice (included with management service) - £38.70 inc VAT
Court attendance - £120 per hour exc VAT
Court attendance (Director) - £180 per hour exc VAT
Interest on unpaid commission 4% above base rate HSBC