robert@mulhollandproperty.co.uk | Call Us On 020 7272 7705

FREE Valuation - Call 020 7272 7705

A professional service with a difference

Fees

Mulholland estate agent are members of the ombudsman services

Mulholland Estate Agents are not members of a client money protection scheme.

All charges are fully inclusive, there are no extra charges. We reserve the right to amend our fees if we give you reasonable prior notice.

Offer stage

You should allow for the following payments when making an offer to rent a property:


Preparation of tenancy agreement (when using a Mulholland agreement, this may vary if a landlord uses his own agreement)

£120 per person

Referencing – individual applicant or guarantor

£120 per person

Inventory check-in

£130 per tenancy

Holding deposit

£400.00

All offers are subject to contract and the holding deposit will be held against our expenses in processing your application. Please be aware that if you make an offer which you later withdraw, or which is aborted due to poor references or false information, then you may lose all or some of the above or if we incur a loss due to the purchasing of an item for you such as a bed.

*If your offer is accepted then this amount will be set off against the initial rental payment, so you are not making this payment twice.

References

You will need to provide us with proof of your right to rent a property in England, in line with the Immigration Act 2014 and to prove your current address (such as an original bank statement, credit card, utility bill, council tax demand, etc. dated within the last 3 months). We will take a photocopy and return the originals to you. We cannot accept photocopies, faxes or scanned copies from you.

Offer accepted stage

If your offer is accepted (subject to contract) then before the tenancy starts you will need to make the following payments to us by cleared funds, which are usually:


Rent (less the holding deposit already taken as above)

1 x month’s rent

Security deposit
Admin and referencing fees as stated above.

6 x week’s rent

However this may vary depending on the individual landlord’s instructions and requirements.  Further rents will be taken by direct debit from one nominated UK bank account.

Renewal Charge
Preparation of renewal tenancy agreement                       £210 per tenancy
Additional Charges

Reference

If you require a reference for a tenancy or mortgage, etc.        £42 per reference

Amendments or changes to the tenancy terms

Should you wish to make any changes or amendments to the terms of the agreement once the tenancy has started then, dependent upon your landlord agreeing, we will draw up an addendum to the agreement. 

Addendum                                                         £120

(paid by the party requesting the amendment, but may be shared between both parties, if agreed)

Early release

If, for any reason, you request your landlord to agree to ending the tenancy earlier than the end date set out in the tenancy agreement (or in line with any break clause included in the tenancy agreement) then he/she does not have to agree to this.   However should your landlord agree, then he/she can ask you to reimburse him/her for any financial loss he/she might suffer as a result. This may include:


The equivalent of the letting fee already paid by your landlord to us from the date you wish to end the tenancy until the date you could contractually end the tenancy (calculated as a daily rate)

Variable

The landlord’s cost of the preparation of a new agreement

£210

The cost of an inventory check-out

£130

Change of sharer 
Your landlord does not have to agree to you changing any of the named tenants during the tenancy term.   However he/she may agree to do so subject to you reimbursing him/her for any financial loss he/she might suffer as a result of ending one tenancy early and creating a new tenancy. This may include:


The cost of the preparation of a new agreement

£210

The cost of an inventory check-out

£130

Referencing proposed new tenant(s)/guarantor(s)

£120 per person

Re-referencing current tenant(s)/ guarantor(s) (at landlord’s request)

£60 per person

Inventory check-out

£130

Tenancy deposit protection administration charge

£30

Income Tax
Generally you will pay the rent to Mulholland by direct debit, to be credited to your landlord’s account.  However if you pay rent directly to your landlord and he/she is resident outside the UK for more than six months of the year, then you will be responsible for deducting income tax  from your rent (at basic rate) and accounting for this to HM Revenue and Customs on a quarterly basis, unless HMRC confirm to you direct and in writing that you do not need to do this.

£335 PCM
1 Bed | Apartment | London | N4
£335
1 Bed | Apartment | London | N4