Fees to Landlords

LANDLORD FEES SCHEDULE

LEVELS OF SERVICE OFFERED:

SET-UP FEE

MONTHLY FEE

FULLY MANAGED

50% +VAT of Rent (60% inc. VAT)

10% of Rent (12% inc. VAT)

RENT COLLECTION

50% +VAT of Rent (60% inc. VAT)

5% of Rent (6% inc. VAT)

LET ONLY

65% +VAT of Rent (78% inc. VAT)

0% of Rent (exc. VAT)

 

ADDITIONAL NON-OPTIONAL FEES

Service Fee
Abortive marketing fees prior to referencing £350 +VAT (£420.00 incl. VAT)
Abortive marketing fees post referencing £450 +VAT (£540.00 incl. VAT)
Inventory charges:
1 bedroom £100 +VAT (£120.00 incl. VAT)
2 bedrooms £125 +VAT (£150.00 incl. VAT)
3 bedrooms £150 +VAT (£180.00 incl. VAT)
4+ bedrooms £200 +VAT (£240.00 incl. VAT)
Selective licence application £95 +VAT (£114.00 incl. VAT)
HMO application £145 +VAT (£174.00 incl. VAT)
Adding custom changes to AST £50 per clause +VAT (£60.00 incl. VAT per clause)
Bespoke accounts reports Subject to quote
Projection management fee for refurbishment Refurbishment cost: 5% of contractor invoice
Property staging £145 +VAT (£174.00 incl. VAT)
Additional property visit during tenancy £45 +VAT (£54.00 incl. VAT)
Selective licence attendance visit with the council £75 +VAT (£90.00 incl. VAT)
HMO attendance visit with the council £145 +VAT (£174.00 incl. VAT)
Change of occupancy fee £125 +VAT (£150.00 incl. VAT)
Serving section 13 £95 +VAT (£114.00 incl. VAT)
Deposit adjudication charge £125 +VAT (£150.00 incl. VAT)
Void Management fee Subject to quote
Void management property visits £25 +VAT (£30.00 incl. VAT)
Court attendance fee £75 per hour +VAT (£90.00 incl. VAT per hour)
Obtaining more than three contractor quotes £50 per quote +VAT (£60.00 incl. VAT per clause)

CLIENT MONEY PROTECTION: www.propertymark.co.uk

INDEPENDENT REDRESS: www.tpos.co.uk

Should you have any questions regarding our fees, please contact us

Let only: includes:

  • Agree the rental value
  • Provide guidance on compliance with statutory provisions and letting consents
  • Advise on refurbishment requirements
  • Erect board outside property in accordance with Town and Country Planning Act 1990 (where possible)
  • 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 shortfall and payment method
  • Advise all relevant utility providers of any changes*
  • Demand, collect and remit the monthly rent

Rent collection: includes all of the above plus:

  • Arrangement payments for statutory requirements
  • Pursue non-payment of rent and provide advice on rent arrears actions
  • Undertake two routine visits per annum and notify the outcome to the landlord

Fully managed: includes all of the above plus:

  • Arrange routine repairs and instruct approved contractors (providing two quotes)
  • Hold keys throughout the tenancy term
  • Security Deposit dilapidation negotiations

*not included in other plans