NOTICE OF FEES to LANDLORDS
3rd June 2020
We hold Client Money Protection (CMP) Insurance through Safeagent you will 100% be covered
Independent Redress provided by The Property Ombudsman
LETTING ONLY SERVICE – 12% incl. VAT of the first 6 months’ rent
This service is subject to a minimum charge of £900.00 inc VAT (£750 + VAT) and full payment is due at the start of the Tenancy.
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
- Discuss non-resident tax status and HMRC (if relevant)
- Provide guidance on compliance with statutory provisions and letting consents
- Market the property and advertise on relevant portals
- Carry out accompanied viewings (as appropriate)
- Negotiate offers and take up references
- Prepare and submit Tenancy Agreement (additional fee applies see below)
- Collect and hold the dilapidations deposit as stakeholder in our client account
- Register deposit as required (additional fee applies see below)
- Provide tenant with method of rental payment
- Receive and remit the first months rental
- Deduct any pre-tenancy invoices
RENT COLLECTION SERVICE – 12% incl VAT
Includes the LETTING SERVICE:
And
- Collect monthly rent and remit monies to landlord on a monthly basis less any fees or expenses due or incurred for the period
- Providing monthly account statements for the property by electronic means
- Pursue non-payment of rent and provide advice on rent arrears actions
- Make any necessary payments to HMRC (if applicable) on behalf of a landlord to comply with the Non-Resident Landlord Scheme and file returns as required
FULL MANAGEMENT SERVICE – 15% incl. VAT
PREMIUM MANAGEMENT SERVICE – 18% incl. VAT
Includes the LETTING and RENT COLLECTION SERVICES:
And
- Carry out two property visits annually
- Arrange routine repairs and instruct approved contractors
- Arrange payment of contractor invoices
- 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
Prepare and submit Tenancy Agreement £300 incl vat (£250 + vat)
- Includes contract negotiation (amending and agreeing terms)
- Referencing prospective tenants
- Right to rent checks on prospective tenants
- Checking the property is compliant with current legislation
Deposit Registration Fee: £60 incl vat (£50 +vat)
- Register landlord and tenant details and protect the security deposit with a Government-authorized Scheme.
- Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy
Belvoir Inventory and Checkout charges
Inventory Make and Check in Check out
Studio £167 £113
1 Bed £179 £119
2 Bed £190 £130
3 Bed £227 £143
4 Bed £250 £167
5 Bed £274 £178
6 Bed £297 £202
Additional rooms (2nd receptions, en-suites, dining rooms, utility rooms etc) will be charged at £10.00 Furnished properties will incur additional charges. £14 for 1-2 beds, £20 for 3-4 beds, £33 for 5-6 beds All prices are inclusive of VAT.
Abortive Tenancy fee (should you not wish to proceed with a tenancy following acceptance of an offer) £390.00 inc vat (£325 + vat)
Renewal Fee – £180 inc vat (£150 + vat)
- Review rent
- Contract negotiation
- Prepare and issue renewal agreement
Additional property visits (including vacant periods) £36.00 inc vat per visit (£30 + vat)
- To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit
Court attendance or Tribunal proceedings or for protracted correspondence on your behalf (for managed properties only) Not available to other service levels) £42.00 per hour inc vat (£35 + vat)
Issuing Notices £96.00 inc vat (£80.00 + vat)
- Section 13 Rent Increase & Section 21
Obtaining mortgagee or superior landlord written consent (if applicable) £62.40 inc vat (£52.00 + vat)
Deposit adjudication preparation of documentation £90.00 inc vat (£75.00 + vat)
Submission of non-resident landlord receipts to HMRC (if applicable) £60.00 per quarter inc vat (£50.00 + vat)
Contractors monitoring referral fee Up to 14.4% (12% + vat) on invoices raised
Waiting time at properties £42.00 per hour inc vat (£35.00 + vat)
- To attend property when keys cannot be released to a contractor or surveyor
Rent Guarantee £24.00 per month inc of vat (min 12 month term)
Insurance claim management/supervision of refurbishment/building works exceeding £1,200 inclusive of vat 12% inclusive of vat of the total claim/value
Sale of a property 1.2% inclusive of vat of the sale price
Termination and Assignment of Management or Rent Collection service whilst a tenant is in situ 3 months’ notice and payment of our let only service fee (12% of the first 6 months’ rent inc vat)
For more details on the charges, can you please request and read our detailed Terms of Business to gain clarity.
IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF
