For agents and landlords, No Deposit is free!
For tenants, we charge a one-off check-in fee costing one week’s rent or £120 (+VAT), whichever is greater. This amount is then divided evenly among the tenants.
Here’s an example of how it works:
If there are four tenants renting a property at £400 p/w, the check-in fee would be £400 (+VAT), which is split evenly between everyone moving in.
If there are four tenants renting property at £100 p/w, the check-in fee will be £120 + VAT split evenly between the tenants.
Just like a deposit scheme, tenants are responsible for any lawful end of tenancy charges.
If Paul, the tenant, would like to rent a property costing £200/week (£867/month) with flatfair, the check-in fee will be £200 (+VAT) which is the equivalent of one week's rent +(VAT):
Weekly rent: £200.00
Monthly rent: £867.00
Check-in fee (without VAT): £200.00
Check-in fee (including VAT): £240.00
If Sam, the tenant, would like to rent a property costing £90/week (£390/month) with flatfair, the check-in fee will be £120 (+VAT) rather than the equivalent of one week's rent (+VAT):
Weekly rent: £90.00
Monthly rent: £390.00
Check-in fee (without VAT): £120.00
Check-in fee (including VAT): £144.00