Tenants - Fees

We like to take care of our tenants – and this starts well before the tenancy. Please find a guide below to help you understand the financial obligations of the tenant.

An administration fee of £0.00 will be charged upon creating and preparing of the tenancy agreement and referencing when using Princess Park Estates.

All applicant references are undertaken by an independent specialist referencing company. We will also require additional references from all tenants such as an employer letter, 3 months’ bank statements, 3 months’ payslips, passport copy and a proof of address. These documents will be required alongside the professional referencing company report. In order to carry out professional referencing we will need you to fill a tenant application form and we will pass this onto a third party company to obtain a professional referencing report.

Please contact us in advance if you wish to extend your tenancy. If the tenancy is renewed there will be no further fees for yourself. This service is a free service for all tenants.

The first instalment of rent must be paid in cleared funds when you sign the tenancy agreement. Thereafter, rent is payable by standing order (unless agreed otherwise) to arrive on the due date as stated in the tenancy agreement.

A deposit equivalent to 5 weeks rent (or in the case of rental income of more than £50,000 per annum, then 6 weeks rent) must be paid in clear funds when you sign the tenancy agreement and is held by Princess Park Estates as Stakeholder for the duration of the tenancy agreement and where applicable Princess Park Estates will register the deposit monies with a deposit protection scheme on the landlord’s behalf.