Fees To The Landlord
Level of service offered:
Tenant find: 65% of first months rent achieved (+ VAT)INCLUDES:
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Fully managed: Tenant finders fee – 50% of rent achieved (+ VAT) Management fee – 10% of rent achieved (+ VAT) per monthINCLUDES:
*Fees to be agreed subject to a property appraisal and specific landlord requirements |
ADDITIONAL NON-OPTIONAL FEES AND CHARGES (IRRESPECTIVE OF LEVEL OF SERVICE):
Setup Fee: *Agreed % of first month’s rent (inc VAT) see above
- Agree the market rent and find a tenant in accordance with the landlord guidelines;
- Advise on refurbishment
- Provide guidance on compliance with statutory provisions and letting consents
- Carry out accompanied viewings (as appropriate )
- Market the property and advertise on relevant portals
- Erect board outside property in accordance with Town and Country Planning Act 1990
- Advise on non-resident tax status and HMRC (if relevant)
Inventory Fee (free for managed properties) or at cost for Tenant Find if required
Dependent on the number of bedrooms and/or size of the property and outbuildings
Deposit Registration Fee:- £0.00 (inc VAT)
- Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme
- Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy
Additional property visits: – £0.00 (inc VAT)
To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit
Submission of non-resident landlords receipts to HMRC – £0.00 (inc VAT) quarterly (Free for NRL registered landlords)
To remit and balance the financial return to HMRC quarterly – and respond to any specific query relating to the return from the landlord or HMRC
Arrangement Fee for works over £1500: – % of net cost subject to negotiation
- Arranging access and assessing costs with contractor;
- Ensuring work has been carried out in accordance with the specification of works
- Retaining any warranty or guarantee as a result of any works
Arrangement fee for refurbishments over £2000 – % of net cost subject to negotiation
- Arranging access and assessing costs with contractor;
- Ensuring work has been carried out in accordance with the specification of works
- Retaining any warranty or guarantee as a result of any work
Obtaining more than two contractors quotes – £0.00 (inc VAT) per quote
Rent Review Fee – £0.00 (inc VAT)
- Review rent in accordance with current prevailing market condition and advise the landlord
- Negotiate with tenant
- Direct tenant to make payment change as appropriate
- Update the tenancy agreement
- Serve Section 13 Notice if tenancy is on a rolling monthly basis
Renewal Fee (landlords share) – £120.00 (inc VAT)
Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
Checkout Fee (landlords share) – £0.00 (inc VAT)
- Agree with tenant check out date and time appointment
- Instruct inventory provider to attend
- Negotiate with landlord and tenant any disbursement of the security deposit
- Return deposit as agreed with landlord and tenant to relevant parties
- Remit any disputed amount to Scheme for final adjudication
- Unprotect security deposit
- Instruct contractors; obtain quotes; organise repairs /replacement/cost of any broken or missing items
Court Attendance – £100.00 (inc VAT) per hour
IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF
