Tenant Find: 10% Inc VAT *
- 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)
- * Subject to minimum fee of £750 inc vat
Fully Managed 12% including VAT Plus Marketing Fee to Find Tenant: 10% including VAT
- 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 terms
- Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
Additional non-optional fees & charges (irrespective of level of service)
SETUP FEE (LANDLORD’S SHARE): Included in the above fees
- 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 (LANDLORD’S SHARE) from £144 ( inc vat)
- Dependent on the number of bedrooms and/or size of the property and outbuildings
DEPOSIT REGISTRATION FEE: £35 (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: £30 (inc VAT)
- 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: £30 (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 REFURBISHMENTS OVER £2000 please ask for details
- 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 CONTRACTOR QUOTES: £30 inc VAT) per quote
RENT REVIEW FEE: £60 (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 (LANDLORD’S SHARE): £120 (inc VAT)
- Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
CHECKOUT FEE (LANDLORD’S SHARE): from £144 (inc VAT) Dependent on the number of bedrooms and/or size of the property and out-buildings
- Agree with tenant check out date and time appointment
- 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: £180 (inc VAT) per hour