We’re open and transparent with our Landlord Fees, which we feel represents good value for the excellent service we provide.
Our Service Levels & Fees Are As Follows:
Let Only:
To market your property we will:
- Ensure we note full details of your wishes with respect to the letting
- Provide you with advice and assistance on protecting your property
- Search our database to find a tenant match
- Place your property details on our national website, Rightmove & Zoopla
- Conduct accompanied tenant viewings at your property
- On finding a potentially suitable tenant we will carry out thorough credit and reference checks
- We will keep you advised of progress throughout all processes
If an applicant passes our checks we will:
- Seek your authority to proceed to offer the tenancy to the applicant
- Carry out a full, detailed Inventory & Statement of Condition
- Issue all the required advance legal notices
- Draw up and agree with you the Tenancy Agreement
- Ensure the property is ready for occupation & arrange all legally required safety checks
- Collect all advance monies from the tenant
- Receive a completed standing order form from the tenant for future rent payments to your nominated bank account
- Move in the tenant
- Inform all the Council & utility companies of the change of occupant, together with meter readings
- Ensure the dilapidation deposit is transferred to the Deposit Protection Service and ensure the Tenant receives the required Prescribed Information within 14 days of the tenancy commencing
- Forward the balance of rental monies to you, having deducted our fees/charges as agreed, together with copies of all relevant documentation
We have a flat Let Only fee plus a small charge to cover the additional administration required to comply with the Tenancy Deposit Scheme rules:
- Let Only Fee: 90% of 1st months rent ( 75% + Vat )
- Tenancy Deposit Scheme Administration fee: £60.00 inc VAT
- Legionella Risk Assessment Report 1st Inspection: £60.00 inc VAT Subsequent Reports: £36.00 inc VAT
- Alternative Dispute Resolution Admin: £54.00 per hour inc VAT
- Tenancy Renewal Fee: £120.00 inc VAT
- CP12 Gas Safety Certificate: £75.00 inc VAT
- Energy Performance Certificate £80.00 inc VAT
- Electrical FIxed Wired Certificate £195.00 inc VAT
- Tenant Check Out Report: £90.00 inc VAT
- No fees are payable until we find a suitable tenant – fees will then be deducted, wherever possible, from the first month’s rent
Let & Rent Collection:
(As above Let Only service plus)
- Arrangement of rent guarantee and legal protection insurance, if appropriate
- Monitoring and collection of all ongoing monthly rents
- Payment of all monies received to your nominated bank account by direct transfer and issue of a monthly statement
Charges consist of an initial start up fee at the start of each tenancy plus a small charge to cover the additional administration required to comply with the Tenancy Deposit Scheme rules:
- Tenancy Start Up Fee: £540.00 inc VAT (£450.00+VAT)
- Tenancy Deposit Scheme Administration fee: £60.00 inc VAT
- Legionella Risk Assessment Report 1st Inspection: £60.00 inc VAT Subsequent Reports: £36.00 inc VAT
- There is an ongoing rent collection fee of 7.2% inc VAT (6.0%+VAT) of the gross monthly rent throughout the period of tenancy
Full Management:
(As above Let Only service plus)
- Carrying out regular visits to your property and issue of a full report following each visit (visits take place after 1 month then every 3 months thereafter)
- Ensuring maintenance problems are dealt with swiftly and as per your instructions, using reputable tradesmen
- Payment for all repairs and liabilities up to authorised limits direct form monthly rental income
- *All but these charges are included in the Fully Managed Service
At the end of the tenancy we will:
- Issue the advance legal notices as required
- Advise the tenant of the required Move Out procedures
- Carry out the ‘Move Out’ inspection checking the property against the Inventory/Statement of Condition and inform you of any dilapidations
- Repay the held deposit or negotiate with the Tenant for any necessary dilapidation charges
- Take all meter readings and inform the utility providers as necessary
- Hand over the property to you or seek a new tenant as instructed
There is an initial start up fee at the start of each tenancy to a new tenant plus a small charge to cover the additional administration required to comply with tenancy.
Deposit Scheme rules:
- Tenancy Start Up fee: 90% 1st months rent ( 75% + Vat ) Let Fee taken over 2 months
- Annual Tenancy Deposit Scheme Administration fee: £60.00 inc VAT (£50.00+VAT)
Our ongoing Full Management fee is 12.6% inc VAT (10.5%+VAT) of the gross monthly rent throughout the tenancy.
No fees are payable until we find a suitable tenant.
We hold Client Money Protection Insurance through the Propertymark Scheme
All fees will, wherever possible, be deducted from rental income received.
