Fees And Charges To Landlords

LEVEL OF SERVICE OFFERED:

LETTING ONLY SERVICE

One month’s rent plus VAT (of the achieved monthly rent)

  • Advertising and marketing
  • Arrangement of required safety and compliance certificates
  • Accompanied viewings
  • Negotiating tenancy offers
  • Full credit/reference checking of potential tenants
  • Collecting first months rent and deposit from the tenant
  • Arranging signature of the tenancy agreement by the tenant
  • Provide copy documentation to landlord and tenant
  • Provide tenant with method of payment information for future rents

 

RENT COLLECTION SERVICE

Set-up fee: 60% inc VAT (of the achieved first months rent)

Rent collection fee: 8% inc VAT per calendar month gross rents due

  • Advertising and marketing
  • Arrangement of required safety and compliance certificates
  • Accompanied viewings
  • Negotiating tenancy offers
  • Full credit/reference checking of potential tenants
  • Collecting first months rent and deposit from the tenant
  • Arranging signature of the tenancy agreement
  • Collect and remit the monthly rent received
  • Deduct commission and other works
  • Pursue non-payment of rent and provide advice on rent arrears actions
  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant)

 

FULLY MANAGED SERVICE

Set-up fee: 60% inc VAT (of the achieved first months rent)

Management fee: 12% inc VAT per calendar month gross rents due

  • All services in our Letting Only & Rent Collection Service together with:
  • Twelve weekly property inspections
  • In house management service
  • Arrange routine maintenance using approved contractors
  • Landlord authorisation prior to works being undertaken
  • Conduct check out of the property at the end of the tenancy
  • Deposit release negotiations

 

 

ADDITIONAL NON-OPTIONAL FEES AND CHARGES (IRRESPECTIVE OF LEVEL OF SERVICE)

 

Deposit Registration Fee:

  • Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme: £30.00 (inc VAT)
  • Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy: £30.00 (inc VAT)
  • Preparing paperwork for Tenancy Deposit Scheme dispute: £120.00 (inc VAT)

Contract Fee:

LETTING ONLY SERVICE

  • Payable on initial tenancy and subsequent renewals: £60.00 (inc VAT)

Safety Certification:

  • The cost of safety certification and Energy Performance Certificate is levied by the approved supplier and payable by the Landlord

Additional property visits:

  • To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit: £30.00 (inc VAT)

Submission of non-resident landlords receipts to HMRC:

  • 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: £30.00 (inc VAT) quarterly

Obtaining more than two contractors quotes:

£30.00 (inc VAT) per quote

Renewal Fee (landlords’ share)

  • Contract negotiation, amending and updating terms and arranging a further tenancy and agreement: £60.00 (inc VAT)
  • Court Attendance

    £120.00 (inc VAT) per hour

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