Set up Fee (Landlords Share) 60% of 1 Months’ Rent (inc VAT) – subject to property valuation
- 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
Tenant Find Only 90% of 1 Months’ rent (inc VAT) – subject to property valuation
- Collect and remit initial deposit and months’ rent received (months’ rent not applicable to student properties)
- 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)
- Advise on non-resident tax status and HMRC (if relevant)
Fully Managed Service 12% (inc VAT) – subject to property valuation
- 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)
- Advise on non-resident tax status and HMRC (if relevant)
- Registration of deposits with TDS
- Rent Collection
- Check in/out appointments
- Inspections
- Fully access to maintenance service
- Allocated property managers
- Handling deposit disputes
- Serving appropriate legal notices
- Re-advertising the property
Additional Fees
Deposit Registration Fee- £4.80 PCM (inc VAT)
• Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme
• Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy
Rent Guarantee – £24.00 PCM (inc VAT)
- The rent guarantee policy is arranged and administered by Let Alliance Ltd policy and acceptance via separate agreement
Arbitration Fee – £90 (inc VAT)
- Charged in the event of a deposit dispute negotiation
Additional property visits – £40 (inc VAT)
- To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit
Inventory Fee – £120 (inc VAT) for a 1 bedroom property and for every bedroom thereafter an additional £30 inc VAT will be payable.
- Dependent on the number of bedrooms and/or size of the property and outbuildings
Submission of non-resident landlords receipts to HMRC – £40 quarterly (inc VAT)
- 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/refurbishment – 15% of net costs (inc VAT)
- Arranging access and assessing costs with contractor
- Ensuring work has been carried out in accordance with the specification of works
Rent Review Fee – £50 (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) – £50 (inc VAT)
- Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
Fee in case of early termination of Fully Managed Service – 12% of six months’ rent (inc VAT)
Court Attendance – £30 per hour (inc VAT)
Referral Fee – We may also receive commissions from: Contractors, Insurance companies, Referencing companies, Utility providers and others. These commissions will not be included in the contractor invoice and can be up to 20% (inc VAT) of the total invoice.
CLIENT MONEY PROTECTION (CMP) PROVIDED BY ARLA.
INDEPENDENT REDRESS PROVIDED BY THE PROPERTY OMBUDSMAN (TPO).
IF YOU HAVE ANY QUESTIONS ON OUR FEES PLEASE ASK A MEMBER OF STAFF.
