CLIENT MONEY PROTECTION PROVIDED BY: RICS
INDEPENDENT REDRESS PROVIDED BY: SURVEYORS OMBUDSMEN SERVICE

Fees

Setup Fee (Landlords Share): included in all services below

  • 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)

Let Only Service: 9.6% of Rent (Inc. VAT)

Includes:

  • 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)

Let & Rent Collection Service: 12% of Rent (inc. VAT)

Includes:

  • Collect and remit the monthly rent received
  • Deduct commission and other works
  • Pursue non-payment of rent and provide advice on rent arrears actions
  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant)

Full Management Service: 15% of Rent (Inc. 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 three 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 term
  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant)

Additional Fees

INVENTORY AND CHECK IN FEE – CHARGED BY INDEPENDENT INVENTORY SERVICE DIRECTLY AND DEPENDENT ON NUMBER OF BEDROOMS AND SIZE OF PROPERTY – ESTIMATE BETWEEN £150 AND £250

DEPOSIT REGISTRTION – INCLUDED IN ALL SERVICES

ADDITIONAL VISITS TO PROPERTY - £60 (INCL VAT)
To attend for specific requests in addition to routine inspections

SUBMISSION OF NON RESIDENT LANDLORDS RECEIPTS TO HMRC - £60 (INCL VAT) per quarter

ARRANGEMENT FEE FOR WORKS OVER £500 – 10% OF NET COST

  • 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 the works

ARRANGEMENT FEE FOR REFURBISHMENTS OVER £500 – 10 % OF NET COST

  • 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

RENT REVIEW FEE - £75 (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 (LANDLORDS SHARE) £90 (INCL VAT)
Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

CHECK OUT FEE – TENANT PAYS

COURT ATTENDANCE - £100 (INCL VAT) per hour