Landlord Fees

LEVEL OF SERVICE OFFERED:

Tenant find: 12% of rent inc VAT

  • Includes:
  • Collect and remit initial months` rent received
  • Agree collection of any shortfall and payment method
  • Provide tenant with payment of method
  • Deduct any pre-tenancy invoices
  • Make any HMRC deduction and provide tenant with NRL8 (if relevant)

Rent Collection: 14.4% of rent inc VAT

  • Includes:
  • Collect and remit the monthly rent received
  • Deduct commission and other works (maintenance charges)
  • Pursue non-payment of rent and provide advice on rent arrears actions
  • Make any HMRC deduction and provide tenant with NRL8 (if relevant)

Fully Managed: 18% of rent inc VAT

  • 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 inspections per annum and notify landlord of the outcome
  • Arrange routine repairs and instruct approved contractors (providing two quotes)
  • Hold keys throughout tenancy term
  • Make any HMRC deduction and provide tenant with NRL8 (if relevant)

 

Set up fee: (landlords share) £80.00 (inc VAT)

  •   agree the market rent and find a tenant in accordance with the landlord guidelines;
  •   advise on refurbishment/Maintenance
  •   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-residential tax status and HMRC (if relevant)

Inventory Fee (landlords share)   Please see separate schedule- Dependant on the number of bedrooms and/or size of the property and outbuildings

Deposit Registration Fee: £36.00 Let Only or £96.00 Managed  (inc VAT) per annum
• 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: £0.00 (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 £0.00 (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

Arrangement Fee for works over £0           0% of net cost
• Arranging access and assessing costs with contractor;
• Ensuring work has been carried out in accordance with the specification of works
• Retaining any warranty or guarantee as a result of any works

Arrangement fee for refurbishments over £0            0% of net cost
• Arranging access and assessing costs with contractor;
• Ensuring work has been carried out in accordance with the specification of works
• Retaining any warranty or guarantee as a result of any works

Obtaining more than two contractors quotes £0.00 (inc VAT) per quote

Rent Review Fee £0.00 (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 (landlords share) £66.00 (inc VAT)
• Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

Checkout Fee (landlords share) £0.00 (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 £66.00 (inc VAT) per hour

Client Money Protection (CMP) provided by:

ARLA Propertymark Protected

 

 

Independent Redress provided by:

TPO_generic logo

 

 

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF