Common use of Administration Charges Clause in Contracts

Administration Charges. Once an offer has been accepted orally or in writing by you, we will start to take up references and prepare to draw up the tenancy agreement. If you subsequently inform us that you do not want to proceed, even if the referencing has not been completed, you will be charged an administration charge of £499.00 (£415.83 +vat) which will cover the work we will have already undertaken on your behalf plus the cost of referencing your tenants (£60 for the first 2 applicants, £20 for subsequent applicants)

Administration Charges. Once an offer has been accepted orally or in writing by you, we will start to take up references and prepare to draw up the tenancy agreement. If you subsequently inform us that you do not want to proceed, even if the referencing has not been completed, you will be charged an administration charge of £499.00 (£415.83 +vat) which will cover the work we will have already undertaken on your behalf plus the cost of referencing your tenants (£60 for the first 2 applicants, £20 for subsequent applicants)