Level of Service Offered
Tenant find: From 6.5% of rent, includes:
Collect and remit initial months’ rent received Agree collection of any shortfall and payment method Provide tenant with method of payment Deduct any pre-tenancy invoices Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
Rent collection: From 7.5% of rent, includes:
Collect and remit the monthly rent received Deduct commission and other worksPursue 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: From 10% of rent, includes:
Collect and remit the monthly rent received 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 two inspection visits per annum and notify landlord of the outcome Arrange routine repairs and instruct approved contractors (providing two quotes) Hold keys throughout the tenancy term Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
ADDITIONAL NON-OPTIONAL FEES AND CHARGES (IRRESPECTIVE OF LEVEL OF SERVICE):
Setup Fee: £300 (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)
Inventory Fee:
Dependent on the number of bedrooms and/or size of the property and outbuildings
Deposit Registration Fee: £30 (inc VAT)
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: £45 (inc VAT)
To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit
Submission of non-resident landlords receipts to HMRC: £50 (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 or HMRC
Rent Review Fee: £45 (inc VAT)
Review rent in accordance with current prevailing market condition and advise the landlord Negotiate with 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: £108 (inc VAT)
Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
Checkout Fee: £150 (inc VAT)
Agree with tenant check out date and time appointment Instruct inventory provider to attend Negotiate with landlord and tenant any disbursement of the security deposit Return deposit as agreed with landlord and tenant to relevant parties Remit any disputed amount to Scheme for final adjudication Unprotect security deposit Instruct contractors; obtain quotes; organise repairs /replacement/cost of any broken or missing items
Court Attendance: £75 (inc VAT) per hour
If you have any queries about our fees please contact us today.
