Payment of reference/tenancy fee
- Reference for 2 adults is £295, and £60 for each additional person
- Guarantor fees £90 per guarantor
The fee covers the cost of taking up references and setting up your tenancy. It also acts as a holding fee. Please note that this fee is non-refundable and does not form part of your security deposit.
We require each adult to complete a reference form and submit within 5 working days of receipt. On failing to do that, the landlord may re-advertise the property. The decision should take up to 3 working days from the submitted date. If you're asked to provide further forms of ID by the referencing company, this must be done within 3 working days.
Abacus Letting Services will require two forms of identification for each adult who'll be a resident at the property (one with a photo), along with an email address. Guarantors will also be required to produce the same identification.
Once the decision is received, you'll be notified of one of the following:
You have been accepted
If you're accepted, you'll be asked to confirm your tenancy start date. We will draw up the tenancy agreements.
A guarantor is required
You'll need to provide the details of your guarantor, who must then complete a reference form within 5 working days. If this is not done, the landlord may re-advertise. There is a non-refundable fee of £50 plus VAT for the guarantor form to be processed.
You have not been accepted
This will mean you cannot continue with the tenancy as the references have failed. You can contact the referencing company, Rent4Sure, for an explanation should you be concerned about the decision. You'll not be entitled to a refund of any fees paid to Abacus Letting Services.