Landlord Fees

Level of Service Offered

TENANT FIND

£300.00 (inc VAT)

INCLUDES:

  • Collect and remit initial months' rent received and Tenancy Deposit. Complete initial 6 month tenancy agreement.
  • Agree collection of any shortfall and payment method.
  • Provide tenant with method of payment and landlords contact information.
  • Deduct any pre-tenancy invoices.

FULLY MANAGED

6% + vat (7.2% inc vat)

INCLUDES:

  • Collect and remit the monthly rent received and arrange contract renewals and rent reviews.
  • Pursue non-payment of rent and provide advice on rent arrears actions.
  • Deduct commission and other works.
  • Advise all relevant utility providers of changes.
  • Undertake inspection visitsduring the tenancy and notify landlord of the outcome.
  • Arrange routine repairs and instruct approved contractors (providing two quotes if required).
  • Hold keys throughout the tenancy term.

Additional Non-Optional Fees and Charges (Irrespective of Level of Service):

Setup Fee (Landlords Share): £300.00 (inc VAT)

  • 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), complete tenancy agreement, photographic inventory.

Deposit Registration Fee: £0.00 (FREE OF CHARGE)

  • 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 (FREE OF CHARGE)

  • To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or maintenance linked visits

Submission of non-residents landlord receipts to HMRC: £49.00 (inc vat) quarterly

  • To remit and balance the financial return to HMRC quarterly and respond to any specific query relating to the return from the landlord to HMRC

Arrangement Fee for Works over £20.00: 20% of net cost

  • Arranging access and assessing the 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

Obtaining more than two contractors quotes: £5.00 (inc vat) per quote

Rent Review Fee: £0.00 (FREE OF CHARGE)

  • Review rent in accordance with current prevailing market conditions and advise the landlord
  • Negotiate with the 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): £0.00 (FREE OF CHARGE) Contract negotiation, amending and updating terms and arranging further tenancy and agreement

Checkout Fee (landlords share): £0.00 (FREE OF CHARGE)

  • Agree with tenant check out date and time appointment
  • Instruct inventory provider to attend (if selected)
  • Negotiate with the landlord and tenant any disbursements of the security deposit
  • Return deposit as agreed with the landlord and tenant to relevant parties
  • Remit any disputed amount to Scheme for final adjudication
  • Instruct contractors; obtain quotes; organise repairs/replacement/cost of any broken or missing items

Court Attendance: £30.00 (inc vat) per hour

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF OUR STAFF


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