Tenancy setup "Admin Fee" - when is it collection and returned?
Tenancy Types and Management

Scott_787
Scott_787
1 Thanks
13 Posts
12 years ago
0
I plan to start charging an "admin fee" for new tenancies - this is to cover my costs for checking tenants and drawing up contracts etc. I will charge £100.

Can this be collected prior to checking the tenant, or only once they sign the AST? Assuming it can be collected before hand, does this therefore replace the need to collect a holding deposit?

Under what circumstances should the admin fee be returned? If I do the checks and I then decide not to proceed with the tenant (because of something discovered in the checks) do I return the admin fee? Or do I just return the unused portion of it?

Thanks,
Scott.

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