Landlord Fees

SERVICES AND FEES TO LANDLORDS

We are committed to being upfront and transparent particularly when it comes to our charges and fees. Our clients will generally choose from either a managed set up or tenant find (let only service).

The ‘Managed’ service includes: -

  • Letting advice and rental appraisal
  • Marketing
  • Accompanied viewings
  • Undertaking tenant referencing, which comprises of credit, employment, income and rental history checks
  • The ‘right to rent’ check and verification of identification
  • Supplying the AST (Assured Shorthold Tenancy Agreement)
  • Holding the tenancy deposit and providing deposit protection
  • Collection of rent via standing order
  • Production of a monthly rental statement and providing a detailed summary of income and expenditure at the end of each tax year
  • Comprehensive photographic and written inventory and schedule of condition
  • Organising (where required) an Energy Performance Certificate (subject to quote)
  • Arranging the landlords gas safety check
  • Arranging an EICR (Electrical installation condition report)
  • Arranging PAT tests (where landlords are providing portable electrical appliances)
  • Arranging Legionella disease risk assessment
  • Regularly checking legislative changes and ensuring compliance
  • Reading and recording utility meter readings and notifying the suppliers upon the change of tenancies
  • Organising property maintenance when required – (proactive and reactive)
  • Routine property inspections throughout the year
  • Check out inspection at the end of the tenancy
  • Return of the tenancy deposit

Our fee for letting and management is 12% inclusive of VAT (10% plus VAT) with a minimum charge of £54 inc VAT per month. In addition to the monthly commission, we do charge a setup fee at the tenancy commencement of £300 inc VAT (£250 plus VAT). This setup fee is charged on tenancy change overs, and is not applicable on a tenancy renewal.

Tenancy Extensions / renewals are charged at £75.00 inc VAT Administering claims to the TDS for deposit disputes £30.00 inc VAT per hour

‘Tenant Find’ (let only service) :-

  • Letting advice and rental appraisal
  • Marketing • Accompanied viewings
  • Undertaking tenant referencing which comprises of credit, employment, income and rental history checks.
  • The ‘right to rent’ check and verification of identification
  • Supplying the AST (Assured Shorthold Tenancy Agreement)
  • Holding the tenancy deposit and the deposit protection by the TDS (Tenancy Deposit Scheme) (The deposit is capped at a maximum of 5 weeks rent)
  • Collection of the first month’s rent
  • Production of an income and expenditure statement at start of tenancy
  • Comprehensive photographic and written inventory and schedule of condition at the start of tenancy
  • Reading and recording the utility meter readings and notifying the appropriate utility supplier on the change of tenancies.
  • Supplying both parties with copies of documentation

Our fee for providing the tenant find service is calculated at 15% of the agreed first 6 months’ rent inc VAT, subject to a minimum fee of £480 inc VAT.

We pride ourselves on not hiding behind small print, we do not add additional unagreed fees, nor do we make an additional charge or benefit from a commission in relation to organising any pre-tenancy or routine maintenance works via third parties.