Residential Lettings – Fees

Residential Lettings – Fees


Residential Lettings Scale of Fees – Landlord

FULLY MANAGED SERVICE 18% inc VAT Commission of rent collected (or other % as agreed)

The following services are included within the FULLY MANAGED SERVICE:-

a) Arrangement of property inspection every 6 months.

b) Administering the general repair and maintenance of the property

c) Collecting all Rents and remitting to Landlord with statement including all income and expenditure.

d) Pursue non-payment of rent and provide advice on rent arrears actions

e) Advise all relevant utilities providers of changes and arrange payments of bills

f) Organizing annual Gas Safety Inspections (the cost of the gas safety is not included)

g) Deposit registration with a government authorised scheme. Provide the tenants with Prescribed Information within 30 days of tenancy start date.

RESIDENTIAL LETTINGS ADDITIONAL CHARGES

Tenant Finder Service for Non-Managed Properties including tenancy agreement conveyancing*. £500.00 Including VAT per letting
Tenancy Agreement conveyancing for Non-Managed Properties* £300.00 Including VAT per letting
Set Up Fee – Landlords share – Full Management Service (Includes identity, immigration and visa confirmation), arranging reference check (undertaken by a third party), arranging Inventory, contract negotiation, arranging the tenancy agreement and undertaking the conveyancing * £200.00 Including VAT per letting *The inventory is undertaken by a third party and is charged at cost price.
Deposit Registration Fee £30 Including VAT (no charge for full management service)
Making ‘cash’ purchase on landlord’s behalf Cost of purchase plus £5 administration fee (Excluding VAT, charged on full amount)
Existing Tenancy Renewal £54.00 Including VAT per renewal
Applying to Rent Service for Registration of Fair Rents £108.00 Including VAT per application
Service of Legal Notices as instructed £54.00 Including VAT per notice
Administering paperwork in respect of recovery of unpaid rents and other charges where legal action required, liasing with solicitors etc. £90 Including VAT per hour subject to a minimum fee by prior agreement.
Giving Court evidence on recovery of unpaid rents or other charges. £120 Including VAT per hour subject to a minimum fee by prior agreement
Attending Court or Tribunal Hearings £120 Including VAT per hour, subject to a minimum fee by prior agreement.
Arranging insurance policy and policy renewals, dealing with insurance claims. £90 Including VAT per hour, subject to a minimum fee by prior agreement. No charge for arranging renewals where commission received in accordance with the DPB License scheme
Provision of Tax, VAT, Year End Accounts annual summary and any other specific requests for information not included in the above. £90 Including VAT per hour subject to a minimum fee by prior agreement.
Fees relating to non-routine maintenance, such as major repairs and / or refurbishments Based on a % Plus VAT of the works by prior agreement.
Valid from 1st July 2017 REVIEWED ANNUALLY

 

Client Money Protection provided by RICS Clients Money Protection Scheme

Redress Scheme Property Redress Scheme

 

Residential Lettings Scale of Fees – Tenants

Set up fee – Tenants share Includes identity, immigration and visa confirmation, arranging reference check (undertaken by a third party) contract negotiation, arranging the tenancy and agreement and undertaking the conveyancing. £200.00 Including VAT
Reference fees – tenant (per person over 18) £50.00 Including VAT
Reference fees – Guarantor No Charge for first reference. £50.00 Including VAT for any additional reference.
 First overdue rent reminder per demand No charge
 Second overdue rent reminder per demand £36.00 Including VAT
Notice of imminent issue of County Court Summons £72.00 Including VAT
Court Summons fee and legal fees As applicable
Check Out Fees £48.00 Including VAT
Addendum to Assured Shorthold Tenancies £48.00 Including VAT
Providing duplicate copy of tenancy / lease by post or email £30.00 Including VAT
Lost security items £30 Including VAT plus item cost
Further legal charges As applicable
Interest on arrears As applicable according to the terms of the lease.
Returned cheque charge £30.00 Including VAT administration charge
Failure to stop Standing Order when requested £30.00 Including VAT administration charge
Failure to keep a previously arranged Gas Safety appointment with our nominated contractor. £48.00 Including VAT
Valid from 1st July 2017 REVIEWED ANNUALLY

 

Client Money Protection provided by RICS Clients Money Protection Scheme

Redress Scheme Property Redress Scheme