Summary of Services & Fees
Full Property Management
To market your property we will:
- Ensure we note full details of your wishes with respect to the letting
- Apply to your Lender for permission to let, if applicable
- Provide you with advice and assistance on protecting your property and rental income
- Search our database to find a tenant match
- Place your property details on our national website and appropriate portal sites, all of which we will monitor and update daily
- Effect appropriate advertising of your property through local newspaper media, by board erection, from our business premises and through direct mailing to local businesses
- Conduct accompanied tenant viewings at your property, giving you full feedback on each occasion
- On finding a potentially suitable tenant we will carry out credit and status checks
- Keep you advised of progress throughout all processes
If a tenant matches the property and passes our checks we will:
- Gain your approval of the tenant and official consent to proceed
- Carry out a full statement of condition at the property, as appropriate
- Issue all the required advance legal notices
- Draw up and agree with you the Tenancy Agreement and Condition
- Check the property is ready for occupation
- Arrange buildings and contents and/or rent and legal insurance cover as requested
- Collect all advance monies from the tenant
- Move in the tenant
- Inform all the utilities of the change of occupant, together with meter readings
- Account for and hold in our designated and fully bonded client account the required dilapidation deposit
- Forward your monies by direct electronic transfer to your nominated bank account without delay, providing you with a statement of account and copies of all relevant documentation
Our ongoing full management of the property will then consist of:
- Arrangement of rent guarantee and legal protection insurance, if appropriate
- Monitoring and collection of all ongoing monthly rental income
- Payment of all due monies received to your nominated bank account by direct transfer and issue of a monthly statement
- Carrying out regular inspections of your property and issue to you of a full follow-up report
- 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
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’ with the tenant
- Check the property against the inventory/statement of condition and Inform you of any dilapidations
- Repay the held deposit or deduct 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
Charges consist of a set up fee and a monthly management fee
There is an initial start up fee at the commencement of each tenancy to a new tenant
Tenancy Start Up Fee: £250+ VAT (£300 inclusive of VAT)
There is an ongoing management fee which is a percentage calculation of each monthly rent throughout the period of tenancy
Management Fee: 10% + VAT of the gross monthly rent (12% inclusive VAT)
No fees are payable until we find a suitable tenant. Fees will, wherever possible, be deducted from rental income received.
Tenant Find and Rent Collection:
To market your property we will:
- Ensure we note full details of your wishes with respect to the letting
- Apply to your Lender for permission to let, if applicable
- Provide you with advice and assistance on protecting your property and rental income
- Search our database to find a tenant match
- Place your property details on our national website and appropriate portal sites, all of which we will monitor and update daily
- Effect appropriate advertising of your property through local newspaper media, by board erection, from our business premises and through direct mailing to local businesses
- Conduct accompanied tenant viewings at your property, giving you full feedback on each occasion
- On finding a potentially suitable tenant we will carry out credit and status checks
- Keep you advised of progress throughout all processes
If a tenant matches the property and passes our checks we will:
- Gain your approval of the tenant and official consent to proceed
- Carry out a full statement of condition at the property, as appropriate
- Issue all the required advance legal notices Draw up and agree with you the Tenancy Agreement and Condition
- Check the property is ready for occupation
- Arrange buildings and contents and/or rent and legal insurance cover as requested
- Collect all advance monies from the tenant
- Move in the tenant
- Inform all the utilities of the change of occupant, together with meter readings
- Account for and hold in our designated and fully bonded client account the required dilapidation deposit
- Forward your monies by direct electronic transfer to your nominated bank account without delay, providing you with a statement of account and copies of all relevant documentation
Our ongoing rent collection for the property will then consist of:
- Arrangement of rent guarantee and legal protection insurance, if appropriate
- Monitoring and collection of all ongoing monthly rental income
- Payment of all due monies received to your nominated bank account by direct transfer and issue of a monthly statement
Charges consist of a set up fee and a monthly rent collection fee
There is an initial start up fee at the commencement of each tenancy to a new tenant
Tenancy Start Up Fee: £250 + VAT (£300 inclusive of VAT)
There is an ongoing rent collection fee which is a percentage calculation of each monthly rent throughout the period of tenancy
Rent Collection Fee: 8 % (plus VAT) of the gross monthly rent (9.6% inclusive of VAT)
No fees are payable until we find a suitable tenant. Fees will, wherever possible, be deducted from rental income received.
Tenant Find Only:
To market your property we will:
- Ensure we note full details of your wishes with respect to the letting
- Apply to your Lender for permission to let, if applicable
- 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 and appropriate portal sites, all of which we will monitor and update daily
- Effect appropriate advertising of your property through local newspaper media, from our business premises and through direct mailing to local businesses
- Conduct accompanied tenant viewings at your property, giving you full feedback on each occasion
- On finding a potentially suitable tenant we will carry out credit and status checks
- We will keep you advised of progress throughout all processes
If a tenant matches the property and passes our checks we will:
- Seek your authority to proceed to offer the tenancy to the applicant
- Carry out a full statement of condition at the property, if requested
- Issue all the required advance legal notices
- Draw up and agree with you the Tenancy Agreement and Condition
- Ensure the property is ready for occupation
- Arrange buildings and contents insurance cover as requested
- Collect all advance monies from the tenant
- Receive a completed standing order form from the tenant for future payments to your nominated bank account, if appropriate
- Move in the tenant
- Inform all the utilities of the change of occupant, together with meter readings
- Account for and hold in our designated and fully bonded client account the required dilapidation deposit
- 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 single fee of £400 + VAT (£480 inclusive of VAT). No fees are payable until we find a suitable tenant. Fees will then be deducted, wherever possible, from the first month’s rent.
Other Charges
Inventory Preparation fee: 1 Bed £70+ VAT (£84 inclusive of VAT), 2 Bed £90 + VAT (£108 inclusive of VAT), 3 Bed £110 + VAT (£132 inclusive of VAT).
Re Let Fee – New Tenants: £250 + VAT (£300 inclusive of VAT).
Rent Guarantee Cover £225 + VAT (£270 inclusive of VAT).
Renewal Tenancy Agreement £50 + VAT (£60 inclusive of VAT).
Section 13 Rent Increase Notice £50 + VAT (£60 inclusive of VAT).
Section 21 and Section 8 Notice £75 + VAT (£90 inclusive of VAT).
Legionella Risk Assessment £25 + VAT (£30 inclusive of VAT).
