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Renting with Red Key

Tenant Fee Structure for Renting with Red Key

If you decide to apply for one of our properties on a viewing you will be asked to put a holding deposit down in the amount of £200 to take the property off the market while we process your references.

At the same time a Holding Deposit Agreement will be put in place for you to sign and a breakdown of costs will be provided so that all monies that are payable are made clear at the outset.

On move in it is normal practice for the first months rent to be payable in advance together with a security deposit which can vary from property to property and full details will be made clear on each individual property prior to you taking up a tenancy. Please note that the holding deposit is deducted from the initial balance due on move in. Additional pet deposit £100.00 per pet added to the security deposit if this is applicable.

In addition to this there are standard fees that apply to the tenancy and these cover the following:

  • Preparation of the Tenancy Agreement including any individually negotiated clauses
  • Taking up references and obtaining landlord approval of the references
  • Ensuring all paperwork is in place prior to the commencement of the tenancy
  • Arranging for deposit documentation to be signed
  • Registering the security deposit with TDS and provision of the certificate of registration, where applicable
  • Please note that at the time of application it may not be known whether a Guarantor will be required as this will be indicated from any referencing and therefore this fee will be added only if required for each tenancy and a deed of guarantee will need to be signed.
DescriptionFee including VAT
Tenancy Set Up (one tenant) includes tenant referencing, production of tenancy agreement (fee shared with landlord), obtaining safety certificates, deposit registration and pre let works being actioned £220
Tenancy Set Up each additional tenant £75
Guarantor Referencing and production of Deed of Guarantee £75
Change of Sharer includes redrafting tenancy agreement, referencing new tenant/s, deposit registration and new prescribed information notice £300
Early Release from tenancy fee where applicable £300
Mortgage Reference £42
Extension Agreement (fee shared with Landlord) £72
Check Out Fee £75

I couldn't believe how quickly Red Key found a tenant

Thanks for your and your colleagues efforts in relation to the above let. I couldn't believe how quickly Red Key found a tenant for my property - 1 working day has to be a record!  Despite some delays with references, resulting in me feeling a bit jittery, I was very reassured by the answers Amanda gave to my queries. Thanks again.  Gillian P

Very happy to have chosen your services

I thank you for giving me a lovely family as landlord .. They take very good care of me and I am also very happy to extend my tenancy with them for the next one more year at the same rent as agreed. I am very happy to have chosen your services as a letting agency . Thank you ...!! Nancy J

Thank you for all your hard work

Wonderful service, with exceptional staff - Thank you for all your hard work. Mr & Mrs Smith

Thank you for processing all the paperwork

Thank you Red Key Lets for processing all the paperwork in time for me to move in at the weekend. The flat is fantastic and very comfortable! Gareth H

Customer service above all else

Refreshing to see an approach that puts customer service above all else. I will not hesitate to recommend you to others! David G

Excellent Customer Service

Just a little thank you for all your help over the last couple of weeks. I have received excellent customer service and will always recommend Red Key. Vicky G

Thank you for your professionalism

Thank you Jamie for your professionalism, and the way in which your company dealt with the sad passing of Pauline P. My wife and brother-in-law much appreciated how simple and easy you made the handing over of the property. David M

I would like to say a big 'thank you'

I would like to say a big 'thank you' for all the great help from you. Thank you so much and sorry to have caused so much inconvenience for you. Could you also help to convey my thanks to Jamie and the team who gave me so much help? I would definitely recommend any of my friends/colleagues to rent their house through Red Key in the future. Heng Y

Just wanted to go on record and say thanks

Just wanted to go on record and say thanks for all your help with Maes Y Ffynnon. A great result to get them acquired and rented out in such short notice! David J

Quality Service second to none

We would always use Red Key Property Services to manage our property as the service is exceptional. Mr and Mrs Davis