Landlord Fees

Landlord Fees

Letting Only Service: 8% + VAT

Includes:

• Advise on current market conditions and preparation of the property for rental
• Erect board outside of the property in accordance with Town and Country Planning Act 1990
• Market the property and advertise on relevant portals
• Carry out accompanied viewings (as appropriate)
• Negotiate offers and take up references
• Issue Assured shorthold tenancies (AST), prescribed information and tenant first monies due letter
• Deal with all communication on AST and signing by both parties (using DocuSign)
• All Pre-Tenancy works organised (inventory, Gas safety etc)
• Collection and processing of tenants initial monies - payment to landlord
• Check all paperwork signed, ID's collected and all legal obligation met
• Lodge security deposit in agreed scheme MyDeposit, DPS or landlords
• Deduct any pre-tenancy invoices

Rent Collection Service: 10% + VAT

Includes the LETTING SERVICE, and:

• Rent collection and arrears chasing
• Landlord payments and statements
• Deal with non-resident landlord taxation including annual return
• Invoice payments to suppliers/contractors
• Payment of service/ground rent

* Our rent collection fee is due for the term of the Tenancy including any renewals or extensions. Payment of this fee is paid monthly through rent funds collected.

Management Service: 12% + VAT

Includes the LETTING and RENT COLLECTION SERVICES, and:

• Maintenance work arranged and managed
• Emergency/out of hours maintenance calls and work dealt with
• All gas safety, legionnaires, PAT testing arranged and completed
• One routine inspection (p.a) arranged with clerks and report sent to landlords
• Negotiate renewal and documentation signed
• End of tenancy process/service notice/organise remarketing
• Arrange check-out inspection, arrange professional clean etc
• Deposit negotiation and deposit release
• Hold keys throughout the tenancy term
• Advise all relevant utility providers of changes

** Our Management fee is due for the term of the Tenancy including any renewals or extensions. Payment of this fee is paid monthly through rent funds collected.

Additional Optional and Non-Optional Fees and Charges

Inventory 'Make and Check in' fees:

• Available upon request

Abortive Tenancy Fee:

• (Should you not wish to proceed with a tenancy following acceptance of an offer) - Equivalent two weeks' rent

Tenancy Renewal Fee £99 + VAT:

• Review rent
• Contract negotiation
• Prepare addendum renewal agreement

Court attendance:

• £150.00 + VAT per half day

Preparer and Issue Notices:

• (Non-manged properties) £99 + VAT

Prepare and Administer Claims Against Deposits:

• (Non-managed properties) £199 + VAT

Prepare and Administer Documents for Disputed Claims:

• (Non-managed properties) £199 + VAT

NON-resident landlord fee with approval number:

• £35 + VAT

NON-resident landlord fee without approval number:

• £60 + VAT

If you have any questions on our fees, please ask a member of staff.