Clear, Transparent Renting Process

RESIDENTIAL LETTINGS & PROPERTY MANAGEMENT

Tenant Fee Information

In Accordance with the TENANT FEE ACT 2019

Once you have viewed and chosen a suitable property to rent through McRae's, we will provide you with an APPLICANT QUESTIONNAIRE. This not only explains the information we require from you/each Applicant, but also the fees you/each Applicant will be required to pay prior to the Tenancy commencing, during and after the Tenancy ends.

If all your initial applications meet the necessary criteria and our Landlord agrees to Let the property to you, we will require each Applicant to sign An Agreement Regarding The Holding Deposit.

Please note: This list serves as a "Guide" only as these fees can vary depending on changes in current Legislation.

FEES TO PAY PRIOR TO MOVE IN DATE

Fee TypeAmountNotes
Holding Deposit Equivalent to one week's rent Holds property for 15 days
Tenancy Deposit Equivalent to 5 weeks rent Protected in approved scheme
First Month's Rent As per tenancy agreement Minus holding deposit if applicable

Important Notice

HOLDING DEPOSIT RETENTION

The holding deposit will be retained in full by McRae's Lettings & Management if the Applicant:

  • Provides false or misleading information
  • Fails a right to rent check
  • Withdraws from the proposed agreement
  • Fails to take all reasonable steps to enter an agreement

FEES AFTER TENANCY COMMENCEMENT

Fee TypeAmountConditions
Tenancy Changes
New tenant, pet or amendments
£50.00 inc VAT May increase with evidence
Late Rent Payment
14+ days in arrears
3% above base rate From first day of arrears
Lock Replacement Variable Evidence required
Early Termination Variable Landlord's proven loss

Our Certification

SAFEAGENT CERTIFIED

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Client Money Protection

Your money is protected through our Client Money Protection Scheme, ensuring all client funds are handled securely and in accordance with industry regulations.

FULLY PROTECTED FUNDS

Need More Information?

Our lettings team is here to help answer any questions you may have about the renting process.