Landlords

Let only:

8% of first years rent + VAT

Rent Collection:

10% of rent

received + VAT

(for duration

of tenancy)

Fully Managed:

12.5% of rent

received + VAT

(for duration

of tenancy)

Agree the rental value

P

P

P

Provide guidance on compliance with statutory

provisions and letting consents

P

P

P

Advise on refurbishment requirements

P

P

P

Erect board outside the property in accordance with

Town and Country Planning Act 1990 (where possible)

P

P

P

Market the property and advertise on relevant portals

P

P

P

Carry out accompanied viewings (as appropriate)

P

P

P

Find tenants

P

P

P

Advise on non-resident tax status and HMRC (if relevant)

P

P

P

Collect and remit initial month’s rent

P

P

P

Provide tenants with method of payment

P

P

P

Deduct any pre-tenancy invoices

P

P

P

Make any HMRC deduction and provide tenant with the NRL8 (if relevant)

P

P

P

Advise all relevant utility providers of any changes

P

P

P

Agree collection of any shortfall and payment method

P

P

P

Receive and remit the monthly rent

P

P

Arrangement payments for statutory requirements

P

P

Pursue non-payment of rent and provide on rent arrears actions

P

P

Undertake two (or quarterly if licenced) routine visits per annum and notify the outcome to the landlord

P

Arrange routine repairs and instruct approved contractors

P

Security Deposit dilapidation negotiations

P

Hold keys throughout the tenancy term

P

PRE-TENANCY FEES (ALL SERVICE LEVELS)

Arranging and facilitating statutory compliance (this is in addition to the costs of the item itself) if not provided on instruction, or undertaken by the landlord:

• Energy Performance Certificate (EPC) £30.00 (inc. VAT)

per tenancy

• Gas Safety Certificate (GSR) £30.00 (inc. VAT) per tenancy

• Electrical Installation Condition Report (EICR) £30.00 (inc. VAT) per tenancy

• Portable Appliance Testing (PAT) £30.00 inc. VAT (if not arranged with EICR)

per tenancy

• Legionella Risk Assessment £30.00 (inc. VAT) per tenancy

• Installing Smoke alarms and Carbon Monoxide detector £30.00 (inc. VAT) per tenancy

• Handling local authority licensing application £180.00 (inc. VAT) per tenancy

DURING TENANCY FEES

Section 13 Notice (Non-Management): £120.00 (inc. VAT) per tenancy. Review rent in accordance with current prevailing market conditions and advise the landlord, negotiate with the tenant(s), direct tenant(s) to make payment change as appropriate, serve a Section 13 Notice if the tenancy is on a periodic basis.

Landlord Withdrawal Fees (during tenancy): £120.00 (inc. VAT) per tenancy. To cover the costs associated with advising the tenant on the change and the position of the security deposit, transferring the security deposit to the landlord or new agent, notifying all utility providers and local authority (where necessary) and returning all relevant documents held by the agent to the landlord. This does not apply to a Tenant-Find service.

Additional Property Visits: £30.00 (inc. VAT) per visit should the landlord request property visits in addition to those within their existing Terms of Business. This covers the costs of attending the property. This includes void period insurance visits etc.

Renewal Fees (Managed Properties): £60.00 (inc. VAT) per tenancy. Contract negotiation, amending and updating terms and arranging for the signing of a further tenancy agreement.

Renewal Fees (Let Only): 4% of rent due for renewed term + VAT. Contract negotiation, amending and updating terms and arranging for the signing of a further tenancy agreement.

Arrangement Fees for works over £1000: 10% of final invoice value + VAT. Arranging access and assessing the costs with any contractors, ensuring work has been carried out in accordance with the Specification of Works and retaining any resulting warranty or guarantee.

Processing application to Rent Officer: 3% of one years rent + VAT. Applying to Rent Officer, attending rent officer inspection (if necessary), serving rent increase notice to tenant etc.

Attending rent assessment panel: £60.00 (inc VAT) per hour.

END OF TENANCY FEES

Court Attendance Fees: £60.00 (inc. VAT) per hour.

FINANCIAL CHARGES

Interest on Unpaid Commission: 3% above the Bank of England Base Rate from Due Date until paid.