

Fees
Fees to Landlords
Independent Redress provided by: The Property Ombudsman
TENANT FIND: 12% of rent (including 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)
RENT COLLECTION: 14.4% of rent (including 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)
FULLY LET & MANAGED: 19.2% of rent (including VAT) INCLUDES:
- 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
- Hold keys throughout the tenancy term
- Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
- Deal with any change of tenant or tenancy issues, including service of notices
- Additional non-optional fees and charges (irrespective of level of service)
SETUP FEE: £288.00 (including VAT)
- Agree the market rent and find a tenant in accordance with the landlord guidelines
- Advise on refurbishment and provide costs for a furniture package
- 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)
TENANCY AGREEMENT FEE: £360.00 (inclusive of VAT)
Negotiation of terms, drafting of the tenancy agreement and arrangement of signature by both parties.
REFERENCE FEE: £42.00 (inc VAT) per tenant
Referencing (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability). Credit checking carried out by external agencies included.
INVENTORY FEE FOR CHECK-IN £tbc
Dependent on the number of bedrooms and/or size of the property and outbuildings and furnished/unfurnished status.
SUBMISSION OF NON-RESIDENT LANDLORDS RECEIPTS TO HMRC: £60.00 (including VAT) on a quarterly basis
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 WORKS OVER £500.00 X 15% of net cost (including VAT)
- 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
ARRANGEMENT FEE FOR REFURBISHMENTS OVER £500.00 X 15% of net cost (including VAT)
- 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
RENEWAL FEE £180.00 (including VAT)
- Obtaining market comparables for rent if required
- Contract negotiation, discussing renewal terms and drafting a renewal memorandum for signature
- Ensuring payment of any increased rent
INVENTORY FEE FOR CHECK-OUT £TBA depending on size of flat/house and furnished status
- Agree with tenant check out date and time appointment
- Instruct inventory provider to attend
- 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 if needed
- Unprotect security deposit
- Instruct contractors; obtain quotes; organise repairs /replacement/cost of any broken or missing items
COURT ATTENDANCE: £90.00 (inc VAT) per hour
Representation of the landlord in court at arrears/possession proceedings