| LANDLORD Fees Schedule |
Levels of Services Offered | ||
|---|---|---|---|
| Find: 12.0% of rent (inc. VAT) |
Rent Collection: 14.4% of rent (inc. VAT) |
Fully Managed: 19.2% of rent (inc. VAT) |
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| Agree the rental value | |||
| Provide guidance on compliance with statutory provisions and letting consents | |||
| Advise on refurbishment requirements | |||
| Market the property and advertise on relevant portals | |||
| Carry out accompanied viewings (as appropriate) | |||
| Find tenants | |||
| Advise on non-resident tax status and HMRC (if relevant) | |||
| Collect and remit initial months’ rent | |||
| Provide tenants with method of payment | |||
| Deduct any pre-tenancy invoices | |||
| Make any HMRC deduction and provide tenant with the NRL8 (if relevant) | |||
| Agree collection of any shortfasl and payment method | |||
| Demand, collect and remit the monthly rent | |||
| Arrangement payments for statutory requirements | |||
| Pursue non-payment of rent and provide advice on rent arrears actions | |||
| Advise all relevant utility providers of any changes | |||
| Undertake two routine visits per annum and notify the outcome to the landlord | |||
| Arrange routine repairs and instruct approved contractors | |||
| Security deposit dilapidation negotiations | |||
| Hold keys throughout the tenancy term | |||
| PRE-TENANCY FEES (WAIVED for Fully Managed Properties) 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:
PRE-TENANCY FEES (For 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:
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START OF TENANCY FEES Tenancy Agreement and Set up Fees: £300 (inc. VAT) per tenancy. Contract negotiation (amending and agreeing terms) and arranging the signing of the tenancy agreement. Tenant Referencing Fees: £48 (inc. VAT) per tenant (ID checks, Right-to-Rent check, financial credit checks, obtaining refere brnces from current or previous employers / landlords and any other relevant information to assess affordability) Deposit Registration Fees (where collected): £60 (inc. VAT) per tenancy. 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 the tenancy start date. Inventory Fees: See attached Schedule. Dependant on the number of bedrooms and/or size of the property and any outbuildings. Landlord Withdrawal Fees (before move-in): £300 (inc. VAT) per tenancy. To cover the costs associated with the marketing, advertising and tenancy set-up should the landlord withdraw from the tenancy before it has started. Cutting of additional sets of keys if instructed by landlord: £30 (inc. VAT) plus cost Arranging inventory check in (WAIVED for Full Management) £60 (inc. VAT) Arranging works pre move in (WAIVED for Fully Managed Properties) 10% of net cost (inc. VAT) |
| Please ask a member of staff if you have any questions about our fees. | |
| CLIENT MONEY PROTECTION: www.ukala.org.uk 
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INDEPENDENT REDRESS: www.tpos.co.uk 
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DURING TENANCY FEES Renewal Fees: £180 (inc. VAT) per tenancy. Contract negotiation, amending and updating terms and arranging for the signing of a further tenancy agreement. Landlord Withdrawal Fees (during tenancy): £300 (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. Arrangement Fees for works over £1000: 12% of net cost (inc. 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. Fully Managed service only. END OF TENANCY FEES Tenancy Dispute Fee: £240 (inc. VAT) per tenancy. The costs associated with the preparation of all evidence and submitting the case to the tenancy deposit scheme as well as dealing with all correspondence relating to the dispute. This only applies where the agent has protected the deposit. Court Attendance Fees: £420 (inc. VAT) per day. Arranging inventory check out (WAIVED for Full Management) £60 (inc. VAT) |
FINANCIAL CHARGES Contractor Commission: 12% of contractors invoice (inc. VAT). To cover the costs associated with arranging and facilitating the visit of a vetted professional tradesperson. Submission of Non-Resident Landlords receipts to HMRC £120 (inc. VAT) quarterly. To remit and balance the financial Return to HMRC on both a quarterly and annual basis. Same-Day Payment Fees: £30 (inc. VAT) per payment. Should the landlord request a payment faster than the agreed timescales within their existing Terms of Business, this covers the costs of providing a same-day payment service. OTHER FEES AND CHARGES Arrangement Fees for refurbishments over 12% of net cost (inc. 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. Vacant Property Management Fees: £120 (inc. VAT) per visit. To cover the costs associated with visiting the property to undertake visuals checks on the inside and outside at a frequency mutually agreed with the landlord. Deposit Transfer Fees: £60 (inc. VAT) per deposit. Should the landlord request any changes to a protected deposit during a tenancy, this covers the costs associated with legal compliance for said request. |
| Please ask a member of staff if you have any questions about our fees. | |
| CLIENT MONEY PROTECTION: www.ukala.org.uk
|
INDEPENDENT REDRESS: www.tpos.co.uk
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